Oriental Trimex Limited Shareholders Approve Key Business Initiatives
Oriental Trimex Limited announced today, March 26, 2026, that shareholders have approved several key initiatives at an Extraordinary General Meeting (EGM) held virtually. The meeting, chaired by Managing Director Rajesh Kumar Punia, commenced at 12:00 P.M. and concluded at 12:11 P.M.Shareholders approved an increase in the company's borrowing limits under Section 180(1)(c) of the Companies Act, 2013. Additionally, the company received authorization to increase its authorized share capital and amend its Memorandum of Association accordingly.
The EGM also approved the raising of funds through the issuance of Foreign Currency Convertible Bonds (FCCBs). Shareholders further authorized the company to grant loans, provide guarantees, offer security, and/or make investments.
Remote e-voting commenced on March 23, 2026, at 9:00 A.M. and concluded on March 25, 2026, at 5:00 P.M. Following the meeting, the electronic voting facility remained open for an additional 15 minutes. The results of the electronic voting are expected to be available on the company’s website, the CDSL website, and the websites of the stock exchanges within two working days.
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