Oriental Trimex Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/02/2026 ,inter alia, to consider and approve Pursuant to Regulation 29(1)(d) ....
ORIENTALTL · price
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Oriental Trimex Ltd has informed the stock exchanges that its Board of Directors will meet on 26 February 2026 at 2:00 PM. The key items on the agenda are finalising the detailed terms and conditions of a proposed Foreign Currency Convertible Bonds (FCCBs) issuance that was first approved at the 12 February 2026 Board meeting, and considering an increase in the company's Authorised Share Capital (subject to shareholder approval). The Board will also look at consequential changes to the Capital Clause of the Memorandum of Association and the appointment of intermediaries such as merchant bankers and legal advisors. This is a prior intimation under SEBI Listing Regulations, meaning it previews decisions rather than announcing finalised ones. The move points to a capital-raising exercise likely aimed at funding growth or strengthening the balance sheet.
Shareholders should watch for shareholder approval notices for the capital increase, as FCCB issuance and share capital expansion can lead to dilution when bonds are eventually converted. Until terms are finalised, no immediate material price impact is expected from this intimation alone.