Oriental Carbon & Chemicals Limited agreed to Spin-Off Occl Limited on May 24, 2022. As per the announcement on June 13, 2024, the record date of the transaction is fixed to July 1, 2024. The Scheme is subject to receipt of approval from the statutory, regulatory, and customary approvals, including approvals from the BSE Limited, National Stock Exchange of India Limited, jurisdictional National Company Law Tribunal and the shareholders and creditors. As per the distribution ratio, 5 Occl Limited shares will be issued for every 1 share held in Oriental Carbon & Chemicals. As of May 29, 2024, the transaction is approved by National Company Law Appellate Tribunal on May 3, 2024.

Oriental Carbon & Chemicals Limited completed the Spin-Off of Occl Limited on July 1, 2024