Oriental Trimex Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on March 26, 2026. Further, the company has informed the Exchange regarding voting results.
ORIENTALTL · price
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Oriental Trimex Limited held an Extraordinary General Meeting on March 26, 2026, via video conferencing, and has now filed the voting results and scrutinizer's report with the stock exchanges. Four special resolutions were put to shareholders, all of which passed with overwhelming approval of about 99.99%: 1. Increase in borrowing limits under Section 180(1)(c) of the Companies Act. 2. Increase in authorized share capital and amendment to the Memorandum of Association. 3. Approval to raise funds through Foreign Currency Convertible Bonds (FCCBs). 4. Approval for granting loans, guarantees, and securities. A total of 16,121,379 shares from 149 folios participated in the voting. Promoters, including Managing Director Rajesh Kumar Punia (1.27 crore shares) and promoter entity Oriental Buildmat Exports (21.36 lakh shares), voted fully in favour of all resolutions.
Shareholders have cleared the way for Oriental Trimex to significantly expand its borrowing capacity, raise additional equity-like capital through FCCBs, and increase its authorized share capital. This is essentially a green light for major fundraising activity — investors should watch for follow-up announcements on the actual amount and timing of borrowings or FCCB issuance, which could lead to equity dilution if the convertibles are eventually swapped into shares.