Oriental Rail Infrastructure seeks member approval via postal ballot to reallocate Rs. 42.04 crore unutilized preferential issue proceeds to working capital.
Original Rs. 212.20 crore preferential issue (warrants + equity at Rs. 169/share) raised in Jan 2024; Rs. 170.16 crore utilized as of February 12, 2026.
E-voting window runs April 01–30, 2026; CARE Ratings Limited serves as Monitoring Agency; resolution to be passed as Special Resolution.
Variation proposed due to changed geopolitical and macroeconomic conditions; time limit for deployment of varied object is nine months from shareholder approval.