Osiajee Texfab Clarifies No Involvement in SEBI Interim Order
Osiajee Texfab Limited has issued a clarification regarding a recent Ex-Parte Interim Order by the Securities and Exchange Board of India (SEBI). The company explicitly states that Osiajee Texfab Limited is neither a noticee nor a party to the SEBI order, and no directions or restrictions have been imposed upon the company. The interim order concerns certain individuals in their personal capacities, not the company itself. Osiajee Texfab emphasizes that its business operations continue unaffected and in the ordinary course, with no impact on its obligations to stakeholders. This clarification aims to address media reports that have adversely affected the company's goodwill and brand image, ensuring transparency for investors and the public.
Key Highlights
- Osiajee Texfab is not a party to the SEBI interim order.
- The SEBI order does not impose any restrictions on the company.
- Company operations continue as usual without any impact.
- Clarification issued to counter adverse media reports and misinformation.
- SEBI proceedings concern individuals, not the company's actions.
Price Impact
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