OBCL Limited has announced that its board of directors will meet on Friday, May 29, 2026, to discuss and approve the financial results for the fourth quarter and fiscal year ending March 31, 2026. The meeting is scheduled to take place at 12:00 Noon at the company's Corporate Office.

Agenda for the Meeting

The primary focus of the meeting is to examine and approve the Audited Financial Results of the company for the quarter and year ended March 31, 2026. This includes both standalone and consolidated figures along with the Auditors Report. Additionally, the board will deliberate on several governance matters.

Key Business Items

The board will review and amend the Related Party Transaction (RPT) Policy. It will also consider and approve amendments to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information. These measures are intended to strengthen compliance and transparency frameworks within the organization.

Trading Window Closure

In accordance with the company's Code of Conduct for Prevention of Insider Trading, the trading window for dealing in the securities of the company remains closed. This restriction applies to all Designated Persons as defined in the code. The window will reopen 48 hours after the declaration of the financial results.

The meeting intimation was submitted to BSE Limited and the National Stock Exchange of India Limited in compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

OBCL Limited (formerly known as Orissa Bengal Carrier Limited) has informed the stock exchanges regarding the status of a First Information Report (FIR) filed against certain individuals, including members of its promoter group. The complaint, lodged on November 11, 2025, alleged the fraudulent transfer of shares involving an estimated amount of approximately ₹34 crore. The disclosure was made under Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

FIR Details and Persons Involved

The FIR was filed by Mrs. Sonal Manoj Agrawal at the Lakadganj Police Station, Nagpur, Maharashtra. The individuals named in the report included Mr. Ravi Agrawal, Mrs. Priti Agrawal, Mrs. Shakuntala Devi Agrawal, Mr. Gopal Kumar Agrawalla, Mrs. Muskaan Gupta, Mr. Ashok Kumar Agrawal, Mr. Subhash Chand Mittal, and Mr. Gaind Ram Sahu. The allegation pertained to the fraudulent transfer of shares between members of the promoter and promoter group.

The key details of the FIR and its resolution are summarised below:

Company's Stance and Legal Status

OBCL Limited clarified that, based on available information, the matter does not constitute fraud as defined under Regulation 2(1)(c) of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003. The company stated that the share transfers were validly executed in dematerialized form through recognised depositories and depository participants, in compliance with applicable laws.

Subsequent developments in the legal proceedings have resolved the matter. The FIR was quashed on January 27, 2026, by the High Court of Maharashtra at Nagpur. The court passed the order in the presence of the concerned parties, who had accepted the transactions and arrived at a mutual settlement agreement.

Impact Assessment

The company explicitly stated that it is not a party to the FIR. Consequently, the litigation and its subsequent quashing have no financial implications for the listed entity. There are no expected financial impacts on the company's position, nor are there any claims, compensation, or penalties applicable to it.