Orient Press to Sell Tarapur Factory for at least ₹24 Crore, Shareholder Approval Pending
Orient Press's Board approved selling its Tarapur factory for at least ₹24 Crore. The unit's net worth was ₹19.18 Crore, and its FY26 turnover was ₹6.73 Crore. Proceeds will fund working capital and expansion. Shareholder approval at the 38th AGM is required. The buyer will not be from the promoter group.
The sale of a factory unit that constitutes nearly 30% of the company's net worth and over 5% of its turnover is a material event. The utilization of proceeds for working capital and expansion suggests a strategic move that could impact future operations and financial health.
The sale of a factory is a significant corporate action. While the proceeds will be used for beneficial purposes, the neutral sentiment reflects the lack of immediate financial gains or losses clearly articulated and the dependency on shareholder approval.
Orient Press Limited announced a significant corporate action wherein the Board of Directors has approved the proposal to sell, transfer, lease, or otherwise dispose of one of its factories located at Plot No. G-73, MIDC Tarapur Industrial Area, Boisar, Maharashtra.
This decision follows the company's earlier intimation dated May 28, 2026, regarding the relocation of its Tarapur factory operations to Greater Noida, Uttar Pradesh. The sale of the Tarapur unit is subject to the approval of the shareholders at the upcoming 38th Annual General Meeting (AGM).
The net worth of the Tarapur unit as of March 31, 2026, was ₹1917.61 Lakhs, representing 29.72% of the company's total net worth. For the financial year 2025-26, the unit's turnover was ₹673.39 Lakhs, accounting for 5.26% of the company's consolidated turnover. The proceeds from the sale, expected to be not less than ₹24 Crores, will be utilized for working capital requirements, future expansion programs, general business purposes, and/or repayment of partial working capital limits from banks. The buyer has not yet been decided, but the company has stipulated that the potential buyer will not be a promoter or belong to the promoter group. The transaction is not considered a related party transaction. The completion of the sale is anticipated within six months from the date of shareholder approval.
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Orient Press Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Orient Press Limited. Read the original for the full detail.