Oriental Trimex Ltd. Announces Board Meeting Outcomes: FCCB Issue, Borrowing Limit Increase, and EGM Notice

Oriental Trimex Ltd. has announced the outcome of its recent Board Meeting, which took place on 26th February, 2026. The meeting resulted in several significant decisions, including the approval of a Foreign Currency Convertible Bonds (FCCBs) issue of up to USD 43 Million, an increase in borrowing limits from INR 100,00,00,000 to INR 1,000,00,00,000, and an increase in the authorized share capital from INR 75,00,00,000 to INR 1,75,00,00,000. The company also approved a proposal to give loans, guarantees, provide securities, and make investments exceeding the prescribed limits under Section 186 of the Companies Act, 2013. Additionally, the Board approved the Notice of an Extra-Ordinary General Meeting (EGM) to be held on 26th March, 2026, and appointed Mr. Vivek Kumar as the Scrutinizer for the EGM. The FCCB details, including tenure, maturity date, and coupon rate, will be decided by the Board and the proposed investors.