StockWatch
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Other Textile Products
Board Meeting13 Aug 2026, 05:17 pm

Osiajee Texfab Approves Q1 FY27 Un-audited Results & Share Split

AI Summary

Osiajee Texfab Limited's Board of Directors met on August 13, 2026, approving the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The company confirmed no funds were raised during the quarter. Additionally, the Board approved a sub-division of existing equity shares (face value ₹10) into ten equity shares (face value ₹1), subject to shareholder approval at the upcoming AGM. This split aims to enhance liquidity and accessibility for investors. The company also approved an alteration to the Memorandum of Association related to the share split.

Key Highlights

  • Board approved Q1 FY27 un-audited financial results.
  • Company confirmed no fund raising in the quarter.
  • Board approved equity share sub-division (1:10 ratio).
  • Share split aims to improve market liquidity and investor access.
  • Shareholder approval required for the stock split.