Please Find Enclosed herewith Postal Ballot Notice being send to the member of the company for taking approval through remote e voting on the business item mentioned in the notice
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Osiajee Texfab Limited has issued a Postal Ballot Notice to its members seeking approval through remote e-voting for a Special Resolution to alter the Objects Clause of its Memorandum of Association. The proposed amendment would allow the company to enter three new business areas: (1) purchasing, developing, and trading in land, plots, and immovable property including residential and commercial complexes, (2) trading in real estate properties, and (3) providing interior decoration and design services. E-voting begins on January 13, 2026 and ends on February 12, 2026, with results expected by February 14, 2026. The board approved the proposal at its meeting held on January 5, 2026, and appointed JPM & Associates LLP as the scrutinizer for the process. Cut-off date for eligible voting members is January 9, 2026.
This represents a significant business diversification for shareholders, as the company plans to move beyond its existing textile operations into real estate development, property trading, and interior design services. If approved, the wider business scope could open new revenue streams and growth avenues, though execution risk in unrelated sectors should be noted. Shareholders should review and vote on the resolution before the February 12, 2026 deadline.