we wish to inform you that the Board of Directors of Osiajee Texfab Limited at its meeting held today i.e 05th January,2026, has inter alia, considered and approved the following: 1. Subject ....
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The Board of Directors of Osiajee Texfab Limited, at its meeting held on January 5, 2026, approved a proposal to add new clauses to the Object Clause of the company's Memorandum of Association. The new business activities include purchasing and developing land and immovable property for residential and commercial purposes, trading in real estate, and providing interior decoration, design, architecture, and turnkey project services. The proposal requires shareholder approval through a postal ballot. The Board also approved the Postal Ballot Notice and appointed JPM & Associates LLP as Scrutinizer for the e-voting process. The meeting ran from 5:30 PM to 6:15 PM.
This represents a significant business diversification for Osiajee Texfab, which historically operates in textiles, into real estate development and interior design services. The actual impact on the stock will depend on shareholder approval and the company's execution capability in these new sectors.