Osiajee Texfab Limited has re-appointed Reema Saroya as Managing Director for a term of five years, effective from June 8, 2026, to June 7, 2031, subject to shareholder approval. The Board of Directors also approved changes in the designations of two other directors during its meeting on June 22, 2026. These decisions aim to strengthen the company's leadership structure and governance framework.

The re-appointment of Reema Saroya follows a recommendation by the Nomination and Remuneration Committee. Saroya, who holds DIN 08292397, has extensive experience in management, business operations, and strategic planning. She is not disqualified from being re-appointed under the Companies Act 2013 and has consented to serve in the capacity. Her term is contingent upon approval by shareholders at the ensuing Annual General Meeting.

In a separate move, the Board approved changing the designation of Megha Jain (DIN: 09045476) from Non-Executive Director to Whole-Time Director. This appointment is for a five-year term effective from June 22, 2026, to June 21, 2031, also subject to shareholder approval. Jain brings significant experience and expertise in business management and has been actively involved in the company's affairs.

Conversely, Lokesh Goyal (DIN: 03289773) will transition from Whole-Time Director to Non-Executive Director, effective June 22, 2026. Goyal possesses rich industry experience and will continue to provide guidance to the company in his new role. The Board has ensured that none of the appointees are debarred from holding the office of Director by SEBI or any other authority.

The company will seek necessary shareholder approvals for these re-appointments and designation changes through the Annual General Meeting. The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Summary of Directorial Changes

Osiajee Texfab Limited reported a consolidated net profit of ₹554.75 lakh for the financial year ended March 31, 2026, an increase from ₹500.44 lakh in the previous year. On a standalone basis, the company returned to profitability with a net profit of ₹63.93 lakh, compared to a loss of ₹2.07 lakh in FY25. The Board of Directors approved the audited standalone and consolidated financial results at its meeting held on May 28, 2026.

The statutory auditors, M/s S C Mehra & Associates LLP, issued an audit report with an unmodified opinion on the financial results. The company confirmed that it has not raised any funds through public issue, rights issue, preferential issue, or any other means during the half-year ended March 31, 2026.

Financial Performance

The standalone total income for FY26 stood at ₹84.52 lakh, a significant rise from ₹15.52 lakh in the previous year. Consolidated total income for the year was ₹713.92 lakh, compared to ₹711.75 lakh in FY25. Earnings per share (EPS) on a consolidated basis increased to ₹10.27 for FY26 from ₹9.26 in the previous year.

Corporate Governance Updates

The Board approved the appointment of M/s JPM & Associate LLP as Secretarial Auditors for a term of five years from FY27 to FY31, subject to shareholder approval. Additionally, M/s. Rajan Beri & Associates, Chartered Accountants, were appointed as the Internal Auditor for FY27.

Change in Registered Office

The company's registered office has been shifted within the local limits of Hoshiarpur, effective May 28, 2026. The change is due to a correction in floor details. The new address is the First Floor of the Navraav Electro Limited Building, previously located on the Second Floor.