Scrutinizer Report for the postal ballot Dated 12.02.2026
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Osiajee Texfab Limited conducted a postal ballot through remote e-voting from January 13, 2026 to February 12, 2026 to seek shareholder approval for altering the Memorandum of Association. The resolution was passed as a Special Resolution with overwhelming support — 946,409 votes (99.98%) in favour and only 150 votes (0.02%) against, out of 946,559 total votes polled. The alteration adds new objects to the MoA, expanding the company's permitted business activities into real estate (buying, selling, developing land and properties), interior decoration and design services, and related construction and financial activities. JPM & Associates LLP served as the scrutinizer for the e-voting process.
Shareholders have approved a significant diversification of the company's business scope, moving beyond textiles into real estate and interior design services. This could open new revenue streams but also signals a major strategic shift for a small textile company.