Board Meeting12 Aug 2026, 12:58 pm
OTCO International Board Approves Unaudited Q1 FY27 Results, Share Consolidation
AI Summary
OTCO International Limited's Board of Directors met on August 12, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026, along with the Limited Review Report. The board also approved significant corporate actions including an alteration of the Memorandum of Association's object clause, enhancement of borrowing powers up to ₹100 Crores, and consolidation of share capital from Rs. 2/- to Rs. 10/- per equity share. Additionally, plans to raise funds via unsecured convertible loans were approved, and Mrs. Bagyalakshmi Thirumalai was appointed as a Director. The Annual General Meeting for FY 2025-26 is scheduled for September 17, 2026.
Key Highlights
- Unaudited financial results for the quarter ended June 30, 2026, were approved.
- Board approved enhancement of borrowing powers up to ₹100 Crores.
- Share capital consolidation from Rs. 2/- to Rs. 10/- per share approved.
- Plans to raise funds via unsecured convertible loans were approved.
- AGM scheduled for September 17, 2026, to approve FY26 Directors' Report and MD&A.
Price Impact
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