Oriental Trimex Limited's board of directors concluded their meeting on February 26, 2026, approving significant corporate decisions including a USD 43 million Foreign Currency Convertible Bonds (FCCB) issuance and substantial capital restructuring measures. The meeting, held from 2:00 PM to 5:00 PM at the company's registered office, addressed multiple strategic initiatives requiring shareholder approval.

FCCB Issuance Approval

The board approved raising funds through FCCB issuance up to USD 43 million on a private placement basis, building upon their February 12, 2026 conceptual approval. The FCCBs will be optionally convertible, allowing bondholders to convert bonds into equity shares subject to terms and applicable laws.

The board authorized the FCCB Committee to finalize detailed terms and conditions while undertaking necessary acts for execution. The issuance remains subject to shareholder and regulatory approvals.

Capital Structure Enhancement

The board approved significant increases in the company's financial capacity through multiple measures. The borrowing limits received approval for expansion from ₹100 crores to ₹1,000 crores under Section 180(1)(c) of the Companies Act, 2013.

The authorized share capital expansion from ₹75 crores to ₹175 crores will require consequential alterations to the Memorandum of Association's Capital Clause.

Investment and Lending Authorization

The board approved proposals for providing loans, guarantees, securities, and investments up to ₹500 crores, exceeding prescribed limits under Section 186 of the Companies Act, 2013. This authorization requires special resolution approval from shareholders.

Extraordinary General Meeting

The board approved convening an Extraordinary General Meeting (EGM) scheduled for March 26, 2026, at 12:00 PM through video conferencing. The meeting will seek shareholder approval for all proposed corporate actions.

Mr. Vivek Kumar, Practicing Company Secretary (Membership No. F8976, COP No.10438), has been appointed as scrutinizer for the EGM proceedings. The notice demonstrates the company's commitment to regulatory compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with Managing Director Rajesh Kumar Punia (DIN: 00010289) signing the formal communication to BSE Limited and National Stock Exchange of India Limited.

Oriental Trimex Limited has received a penalty order from the Securities and Exchange Board of India (SEBI) imposing a monetary penalty of INR 1,15,00,000 for alleged regulatory violations. The company disclosed this development through a regulatory filing dated February 19, 2026, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

SEBI Order Details

The penalty order was issued under Sections 15HA, 15HB and 15A(a) of the SEBI Act, 1992, dated February 18, 2026. The company received communication from the authority on the same date. The violations pertain to alleged contraventions of the SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 2003 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Response and Impact Assessment

Oriental Trimex Limited has stated that the financial impact of the order is limited to the penalty amount imposed. The company emphasized that there is no material impact on its operations or other activities. The disclosure indicates that the penalty represents the primary quantifiable monetary impact from this regulatory action.

Planned Legal Action

The company has indicated its intention to challenge the SEBI order through an appeal to higher authorities. Oriental Trimex's management has expressed that the order lacks substance and does not contain a quantifiable sum to assess any disproportionate gain or loss to anyone. The company has highlighted its clean regulatory record in the past as part of its position on the matter.

Regulatory Compliance

The disclosure was made in compliance with Sub-para 20 of Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Rajesh Kumar Punia, Managing Director (DIN: 00010289), on behalf of the Board of Directors from the company's Delhi office.