Announced Mon, 22 Jun · 16:29 IST
Board approves MD re-appointment and director designation changes
Board & Shareholder Meetings View source PDF
Price
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₹408.20
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AI summary
Osiajee Texfab board on June 22, 2026 approved: re-appointment of Ms. Reema Saroya as Managing Director for 5 years (June 8, 2026 to June 7, 2031); change in designation of Ms. Megha Jain from Non-Executive to Whole-Time Director for 5 years; and change in designation of Mr. Lokesh Goyal from Whole-Time to Non-Executive Director. All changes are subject to shareholder approval at the upcoming AGM.
Likely market impact
Leadership continuity with Saroya as MD for 5 more years, plus an executive to non-executive role shuffle. Subject to shareholder nod at the AGM. Largely neutral for shareholders.