Osiajee Texfab Ltd proposes name change to Osiajee Real Estate Ltd

What Osiajee Texfab Ltd announced

On 9 July 2026, the Board of Directors of Osiajee Texfab Ltd (BSE: 540198) passed a resolution to change the company’s name to Osiajee Real Estate Ltd. The change is intended to better reflect the company’s new business direction and brand identity. The resolution is conditional on the approval of the shareholders through a special resolution passed by postal ballot, and on any other approvals required under applicable laws.

"Subject to the approval of the shareholders of the Company by way of a special resolution through postal ballot and such other approvals as may be required under the applicable laws, the Board considered and approved the proposal to change the Company's name…"

The Board also approved the Postal Ballot Notice and its Explanatory Statement, and appointed JPM & Associates LLP, a Company Secretary in Practice based in Ludhiana, as the scrutinizer to oversee the e‑voting process.

Details of the proposed name change

• Current name: Osiajee Texfab Limited
• Proposed name: Osiajee Real Estate Limited
• Rationale: The new name aligns with the company’s shift from textile manufacturing to real‑estate development and related activities, as indicated by the Board’s statement.
• Regulatory approval: The Central Registration Centre (CRC), Ministry of Corporate Affairs, approved the name change under SRN AC3584806 on 27 May 2026.
• Shareholder approval: A special resolution will be sought via postal ballot. The notice and explanatory statement have been approved by the Board and will be circulated to shareholders.

Scrutinizer appointment and ballot process

JPM & Associates LLP has been engaged as the scrutinizer for the postal ballot. Their role includes:

• Conducting the e‑voting/ballot process in a fair and transparent manner.
• Verifying the authenticity of votes received.
• Reporting the outcome of the ballot to the Board and the company. The appointment underscores the Board’s intent to ensure compliance with SEBI and MCA guidelines on shareholder voting.

Key facts at a glance

Why this matters for investors

The name change itself does not alter the company’s capital structure, shareholding pattern, or immediate financial performance. However, it signals a strategic pivot from textile manufacturing to real‑estate activities, which could affect the company’s future revenue streams and risk profile. Investors should monitor the outcome of the postal ballot, as the name change cannot be effected without a shareholder‑approved special resolution. Additionally, the appointment of an independent scrutinizer aims to assure shareholders that the voting process will be conducted transparently, reducing the risk of procedural disputes.

Conclusion

Osiajee Texfab Ltd’s Board has formally approved a proposal to rename the company as Osiajee Real Estate Ltd, subject to shareholder approval through a postal ballot and any further statutory clearances. The CRC has already cleared the new name, and JPM & Associates LLP will oversee the ballot to ensure fairness. The final outcome will depend on the special resolution passed by shareholders; until then, the company continues to operate under its existing name and business structure.