31st AGM held; stock split 10:1 approved; new directors appointed
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On the reaction day the stock moved 1.5 pts less than Nifty Microcap 250 and 1.7 pts less than its Other Textile Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The 31st AGM of Osiajee Texfab was held on Sept 29, 2026 via video conferencing. Resolutions approved: adoption of FY March 31, 2026 audited financial statements, stock split from Rs 10 to Re 1 face value (1 becomes 10), re-appointment of Ms. Reema Saroya as Managing Director for 5 years, designation change of Ms. Megha Jain to Whole-Time Director, and 3 new Independent Directors. Secretarial Audit Report had a qualification. Results within 2 working days.
Stock split improves share liquidity. Board strengthened with 3 new directors. Secretarial audit qualification is a governance watch point.