Oriental Rail Infrastructure Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 27/03/2026 ,inter alia, to consider and approve Intimation of ....
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The Board of Directors of Oriental Rail Infrastructure Ltd will meet on March 27, 2026 to consider and approve a change in the purpose for which funds raised through a previous Preferential Issue will be used. The company will also seek shareholder approval via a Postal Ballot and e-voting process for this change. A scrutinizer will be appointed to oversee the e-voting. The intimation has been sent to BSE under Regulation 29(1) of SEBI Listing Regulations.
This signals a possible change in capital allocation strategy — shareholders will need to watch closely what the new use of funds is, as a shift in deployment could affect future growth plans or signal that the original purpose is no longer viable.