Osiajee texfab Limited has announced the withdrawal of its proposed preferential issue of warrants, citing unfavorable market conditions as the primary reason for discontinuing the capital raising initiative.

Withdrawal Details

The company had proposed to issue up to 50,00,000 warrants convertible into equity shares to private investors on a preferential basis under the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Timeline of Events

The proposed preferential issue had progressed through several key milestones before its eventual withdrawal:

The company had submitted an application for in-principle approval to BSE Limited, but did not receive the required approval under Regulation 28(1) of SEBI LODR Regulations.

Market Conditions Impact

In its communication to BSE Limited, the company stated that prevailing market conditions and current market dynamics are not favorable for proceeding with the issue at present. This assessment led to the decision to withdraw the proposed preferential issue entirely.

Business Impact Assessment

OsiAjee Texfab Limited has provided assurance regarding the withdrawal's impact on its operations:

• No material impact expected on business operations
• Financial stability to remain unaffected
• Alternative capital raising avenues may be explored as required
• Stakeholders will be informed of future developments

Regulatory Compliance

The withdrawal announcement was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper disclosure to stakeholders and regulatory authorities. The company emphasized its commitment to keeping stakeholders informed about any future capital raising initiatives that may be undertaken to support business requirements.

Osiajee Texfab Limited has announced its unaudited financial results for the quarter ended December 31, 2025, revealing a tale of two different performances between its standalone and consolidated operations. The Punjab-based company, engaged in textile manufacturing, published the results in Financial Express and Desh Sewak newspapers on January 29, 2026.

Standalone Financial Performance

The standalone results for Q3 FY26 presented challenging figures for the company's core textile operations:

The standalone operations recorded nil revenue during Q3 FY26, marking a significant decline from ₹50.46 lakhs in the previous quarter. This resulted in a net loss of ₹2.65 lakhs, contrasting sharply with the ₹38.72 lakhs profit achieved in Q2 FY26.

Consolidated Results Show Strong Performance

The consolidated financial results, which include the wholly-owned subsidiary Osiajee Agro Farms Limited, painted a markedly different picture:

The consolidated operations generated total income of ₹122.44 lakhs in Q3 FY26, representing a 58.59% year-over-year increase from ₹77.23 lakhs in Q3 FY25. Net profit after tax reached ₹87.77 lakhs, more than doubling from ₹39.68 lakhs in the corresponding quarter of the previous year.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the consolidated entity demonstrated substantial growth. Total income surged to ₹413.44 lakhs compared to ₹77.23 lakhs in the same period last year. Net profit for the nine-month period stood at ₹298.43 lakhs, significantly higher than ₹39.68 lakhs recorded in 9M FY25.

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors in their meeting held on January 28, 2026. The results have been audited by the company's statutory auditors and comply with Indian Accounting Standards (IND AS) as prescribed under Section 133 of the Companies Act, 2013.

Company Structure and Operations

Osiajee Texfab Limited operates primarily in a single segment, with its registered office located in Hoshiarpur, Punjab. The company maintains its equity share capital at ₹540.00 lakhs with a face value of ₹10 per share. The consolidated results reflect the combined performance of the parent company and its wholly-owned subsidiary, Osiajee Agro Farms Limited, indicating the company's diversification into agricultural operations alongside its core textile business.