Osiajee Texfab Ltd will hold its 31st AGM on September 29, 2026, where shareholders will vote on a proposed 1:10 stock split, shifting equity share face value from Rs 10 to Rs 1. The company is pivoting from inactive textile trading into the real estate sector, while reporting a consolidated annual profit of Rs 554.74 lakh for FY26. Investors should note pending regulatory compliance matters and the management's strategic focus on new business segments.
Osiajee Texfab Announces 1:10 Stock Split and Board Restructuring
Profit rose to Rs 554.74 lakh in FY26, up from Rs 500.44 lakh in FY25.
Revenue from operations stood at Rs 648.94 lakh compared to Rs 709.09 lakh previously.
Reader Takeaway: Stock split proposal aims to improve liquidity, while the business pivots from stagnant textiles to real estate.
What just happened
Osiajee Texfab Ltd has issued a notice for its 31st Annual General Meeting scheduled for September 29, 2026. The board has proposed a stock split, sub-dividing existing equity shares from a face value of Rs 10 to Rs 1. Additionally, the company is seeking shareholder approval for the re-appointment of Ms. Reema Saroya as Managing Director and the appointment of Ms. Megha Jain as a Whole-Time Director for five-year terms.
Why this matters
The stock split is a significant corporate action intended to lower the entry barrier for retail investors and enhance market liquidity. Shareholders will also vote on the appointment of three new independent directors, a move aimed at strengthening corporate governance as the firm transitions its core business activities.
Business and Strategy Update
The company has officially confirmed its move away from textile trading, which recorded zero revenue for the fiscal year. The firm is now prioritizing expansion into real estate and allied sectors to create sustainable revenue streams. Its subsidiary, Osiajee Agro Farms Limited, continues to contribute to the consolidated financial performance.
Risks to watch
The Secretarial Auditor flagged several compliance issues, including delayed ROC filings, non-payment of CDSL listing fees, and non-compliance with SEBI’s Insider Trading record-keeping regulations. Management has stated these issues are being addressed, but ongoing scrutiny on governance will be vital for long-term stability.
Context metrics
The company reported a basic and diluted EPS of Rs 10.27 for FY 2025-26, compared to Rs 9.26 in the prior year. No dividend has been recommended for the current financial year.