Voting result for the postal ballot pursuant to regulation 44(3) of SEBI (LODR) Regulation 2015 along with scrutinizer report and minutes of postal ballot.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Osiajee Texfab Limited has completed a postal ballot process to seek shareholder approval for altering its Memorandum of Association (MoA). The special resolution was passed with overwhelming support: 99.98% of votes (946,409 shares) were in favour, while only 0.02% (150 shares) voted against, out of a total of 946,559 shares polled. The e-voting was conducted from January 13 to February 12, 2026, with CDSL as the e-voting service provider and JPM & Associates LLP as the scrutinizer. The alteration adds new business objects to the MoA, including purchasing and developing land and immovable property for residential/commercial use, trading in real estate, and providing interior decoration and design services. This signals a clear pivot or expansion beyond the company's existing textile business into real estate and allied services.
Shareholders have approved a significant diversification of the company's business scope into real estate, property development, and interior design services. This opens new revenue streams but also introduces execution risk as the company moves outside its core textile business. Investors should watch for further announcements regarding capital allocation and concrete plans to pursue these new verticals.