Osiajee Texfab Limited reported a consolidated net profit of ₹5.55 crore for the financial year ended March 31, 2026, as it pursues a diversified business model focusing on real estate and agro-forestry. The company’s net worth stood at ₹20.51 crore, reflecting a strengthened financial position following the strategic transition away from its historical textile operations, which no longer contribute operational revenue.

The Board of Directors approved the audited consolidated financial results on May 28, 2026. The results include the performance of the company’s wholly owned subsidiary, Osiajee Agro Farms Limited, which was incorporated on September 29, 2021. This subsidiary drives the group's agro-forestry business through the cultivation of Eucalyptus and Poplar plantations, alongside seasonal crops such as wheat, potato, and peas.

Financial Performance for FY26

The company reported a total income of ₹7.14 crore for FY26. While revenue from operations decreased to ₹6.49 crore from ₹7.09 crore in the previous year, profitability improved. Profit before tax rose to ₹5.55 crore compared to ₹5.00 crore in FY25. Earnings per share (EPS) increased to ₹10.27 from ₹9.26 in the prior year.

Strategic Expansion and Asset Base

Following shareholder approval in February 2026, Osiajee Texfab amended its Memorandum of Association to include real estate development as a principal business activity. The company has commenced investments in this sector, targeting land acquisition and construction projects. Although commercial operations are in the early stages, the real estate segment is identified as a key driver for future growth.

The consolidated balance sheet as of March 31, 2026, indicates a substantial increase in the asset base. Non-current investments rose to ₹488.22 lakh, while property, plant, and equipment reached ₹848.07 lakh. These investments align with the company's strategy to build sustainable businesses supported by tangible assets.

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