Orient Press Ltd has announced plans to sell its Tarapur factory for a minimum of Rs 24 crore to optimize operations and reduce debt. The company, which reported a net loss of Rs 1.17 crore for FY 2025-26, intends to shift production to its Greater Noida facility. Proceeds from the sale are earmarked for working capital and interest cost reduction. Additionally, the company seeks shareholder approval for the three-year re-appointment of its promoter-directors.
Orient Press Proposes Rs 24 Crore Asset Sale
- Sale of Tarapur factory for minimum Rs 24 crore proposed.
- Company reported net loss of Rs 1.17 crore for FY 2025-26.
Reader Takeaway: Asset sale aims to cut debt and improve capital efficiency; continuous losses remain a primary concern.
What just happened
Orient Press Ltd has initiated a proposal to sell or lease its manufacturing facility located at Plot No. G-73, M.I.D.C., Tarapur Industrial Area, Palghar. The board has set a floor price of Rs 24 crore for this transaction, which will be executed on an "as is where is" basis. This proposal is part of the agenda for the company's 38th Annual General Meeting scheduled for September 28, 2026.
Why this matters
The Tarapur facility currently consumes nearly 30% of the company’s net worth while contributing only about 5.26% to the total turnover. By liquidating this asset, management aims to deleverage the balance sheet, repay partial bank limits, and provide necessary working capital for operations at the Greater Noida unit.
Governance Update
The company is seeking shareholder approval to re-appoint its promoter-directors—Ramvilas Maheshwari, Rajaram Maheshwari, and Prakash Maheshwari—for another three-year term. Because the proposed remuneration package exceeds 5% of net profits, the company is seeking a special resolution under SEBI regulations.
Risks to watch
Orient Press has remained in a loss-making position for three consecutive years. Management has identified external headwinds, including rising raw material costs, intense market competition, and a decline in demand for capital market stationery as significant hurdles to returning to profitability.
What to track next
Investors should closely watch the outcome of the AGM vote regarding the factory sale and the subsequent execution of the transaction. Success in offloading the asset and the efficacy of the shift to Greater Noida will be critical to the company's financial turnaround.