Osiajee Texfab to rename as Osiajee Real Estate, seeks shareholder nod

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Price reactionminutes from the announcement price · days from the prior close

+3.9%Reaction day

₹385.00

prior close

₹401.95

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used+1.9%+2.0% vs market

Other Textile Products peers, median of 182sector+0.9%+3.0% vs sector

On the reaction day the stock moved 2.0 pts more than Nifty Microcap 250 and 3.0 pts more 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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Reaction day

+3.9+1.9+2.0+0.9+3.0

Next day

-9.9+3.3-13.2+1.0-10.8

-11.8+3.5-15.3+1.2-13.0

-8.8+2.4-11.3+0.8-9.6

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-27.3+8.1-35.3-0.6-26.7

-41.6+3.5-45.0-2.3-39.2

UpDownMarket · Nifty Microcap 250Sector · Other Textile Products peers, median of 182Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Board approved changing the company name from Osiajee Texfab Limited to Osiajee Real Estate Limited, subject to shareholder approval via postal ballot. The Central Registration Centre, MCA had already cleared the new name on 27 May 2026. The change reflects a new business direction from textiles to real estate. Postal ballot notice was approved and a scrutinizer was appointed for the e-voting process. Memorandum and Articles of Association will be amended after the shareholder vote.

Likely market impact

Signals a strategic shift from textiles to real estate. Pending shareholder approval via postal ballot before the new name and revised MOA and AOA take effect.