OBCL Limited held its 31st Annual General Meeting on September 16, 2026, at its corporate office in Raipur. The meeting ran from 11:00 am to 11:45 am IST.

Chairman Gopal Kumar Agrawalla led the proceedings, joined by Managing Director Ravi Agrawal and key independent directors. The Board presented the audited financial statements for the year ended March 31, 2026, for shareholder approval.

Key Resolutions Passed

Shareholders voted on six resolutions during the meeting. The agenda included routine business items as well as special resolutions regarding capital structure and board composition.

Governance and Compliance

The Company confirmed that statutory, secretarial, and internal auditors issued their reports for FY26 without any qualifications or adverse remarks. This clean audit opinion supports the integrity of the disclosed financial position.

Mr. Jatin Lakhisarani of M/s. Anil Agrawal & Associates served as the scrutinizer for the voting process. The Company engaged Central Depository Services Limited (CDSL) to facilitate remote e-voting, which ran from September 11 to September 15, 2026.

What the Numbers Show

The approval of enhanced borrowing limits under Section 180(1)(c) of the Companies Act, 2013, signals management's intent to expand its debt capacity. Coupled with the resolution to create charges on assets under Section 180(1)(a), this suggests the Company is positioning itself for potential leverage-driven growth or refinancing activities in the near term.

Voting results and the final scrutinizer's report will be submitted to the stock exchanges within two working days of the meeting conclusion.

OBCL Limited has scheduled its 31st Annual General Meeting (AGM) for Wednesday, September 16, 2026, at 11:00 am. The meeting will be held in physical mode at the company’s corporate office in Raipur, Chhattisgarh. Shareholders on record as of September 9, 2026, are eligible to vote via remote e-voting or ballot paper.

Financial Performance Overview

The primary focus of the AGM includes the adoption of the audited standalone and consolidated financial statements for the fiscal year ended March 31, 2026. The company reported a significant shift in profitability during FY25-26.

The consolidated revenue from operations increased by approximately 2.5% to ₹34,721.19 lakh from ₹33,884.95 lakh in the previous year. However, the company recorded a consolidated loss of ₹782.88 lakh for FY25-26, contrasting with a profit of ₹231.17 lakh in FY24-25. This reversal was driven by higher operating expenses, employee benefit costs, and finance costs. Standalone results mirrored this trend, with a loss of ₹854.53 lakh against a profit of ₹107.94 lakh in the prior year.

Key Agenda Items

Beyond routine business, the Board has proposed several special resolutions aimed at strengthening the company’s capital structure and governance framework.

Enhancement of Borrowing Powers

A critical resolution seeks to enhance the company’s borrowing limits under Section 180(1)(c) of the Companies Act, 2013. The Board proposes authorizing total outstanding borrowings of up to ₹250 crore. This limit applies to monies borrowed apart from temporary loans obtained from bankers in the ordinary course of business. The funds are intended for capital expenditure, working capital requirements, asset acquisitions, refinancing existing debt, and other general corporate purposes.

Concurrently, the company seeks approval under Section 180(1)(a) to create mortgages, charges, hypothecation, or pledges on its movable and immovable assets. This security creation is capped at an aggregate amount of ₹250 crore, aligning with the enhanced borrowing limit. These resolutions are designed to provide the Board with the flexibility to secure financial assistance as needed for future expansion and operational needs.

Director Reappointments

The AGM will also see the reappointment of two key board members:

• Mrs. Shakuntala Devi Agrawal: Retiring by rotation, she offers herself for reappointment as a Non-Executive Director. The Board has also recommended payment of commission to her, subject to shareholder approval, within the limits prescribed under Section 197 of the Companies Act, 2013.
• Mr. Ashish Dakalia: The Independent Director is eligible for reappointment for a second term of five consecutive years, commencing October 1, 2026, and ending September 30, 2031. He meets the independence criteria under Section 149(6) of the Act and SEBI LODR Regulations.

Voting Process and Compliance

Shareholders can cast their votes electronically through the Central Depository Services (India) Limited (CDSL) platform. The remote e-voting period begins on Friday, September 11, 2026, at 11:00 am and concludes on Tuesday, September 15, 2026, at 5:00 pm. Those who vote remotely will not be permitted to vote again at the physical meeting. M/s. Anil Agrawal & Associates has been appointed as the scrutinizer to ensure a fair and transparent voting process.

The company confirmed that the Notice of AGM was published in Business Standard (English and Hindi editions) on August 21, 2026. Notices were dispatched via email to registered members and physically to others, with a tentative completion date of August 22, 2026. The cut-off date for determining shareholder eligibility was August 14, 2026. The scrutinizer’s report and voting results are tentatively scheduled to be submitted and intimated to stock exchanges on September 18, 2026.