Osiajee Texfab Limited has seen a significant change in its ownership structure as Eminence Global Fund PCC- Eubilia Capital Partners Fund I acquired a substantial stake in the company. The fund purchased 445,480 shares through open market transactions, representing 8.25% of the total voting capital.

Transaction Details

The acquisition was completed on September 10, as per the disclosure made under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Prior to this transaction, Eminence Global Fund held no shares in Osiajee Texfab, making this their initial investment in the company.

Stake and Voting Rights

The newly acquired shares grant Eminence Global Fund 8.25% of the total voting rights in Osiajee Texfab. This percentage remains consistent with both the total share capital and the diluted share capital of the company.

Company Overview

Osiajee Texfab is a textile company listed on the Bombay Stock Exchange (BSE). The company's equity share capital consists of 5,400,000 shares with a face value of Rs. 10.00 each. This structure remained unchanged after the acquisition.

Acquirer Status

It's important to note that Eminence Global Fund PCC- Eubilia Capital Partners Fund I is not part of the promoter group of Osiajee Texfab. The fund's acquisition was made as an outside investor through open market transactions.

Market Implications

This substantial acquisition by Eminence Global Fund may signal increased investor interest in Osiajee Texfab and potentially in the broader Indian textile sector. However, the long-term implications of this investment on the company's operations and strategy remain to be seen.

Investors and market watchers will likely keep a close eye on any future developments or changes in the company's ownership structure following this significant stake acquisition.

Osiajee Texfab Limited , a company operating in financial services and related activities, has announced its financial results for the first quarter. The company, which recently migrated to the Main Board of BSE, has shown significant growth on a consolidated basis.

Financial Performance

Standalone Results

• Total income from operations: ₹12.44 lakhs
• Net profit after tax: ₹3.00 lakhs
• Earnings per share: ₹0.55

Consolidated Results

The consolidated results, which include the wholly-owned subsidiary Osiajee Agro Farms Limited, demonstrated stronger performance:

• Total income from operations: ₹83.03 lakhs
• Net profit after tax: ₹39.62 lakhs
• Earnings per share: ₹0.73

Key Highlights

1. Main Board Migration: Osiajee Texfab successfully migrated to the Main Board of BSE, marking a significant milestone for the company.

2. Consolidated Growth: The consolidated results show a substantial increase in both revenue and profitability compared to the standalone figures, indicating the positive impact of the subsidiary's performance.

3. Subsidiary Contribution: Osiajee Agro Farms Limited, the wholly-owned subsidiary, has played a crucial role in boosting the consolidated numbers.

4. Single Segment Operation: The company continues to operate in financial services and related activities as a single business segment.

Financial Snapshot

The company's board of directors reviewed and approved these results in their meeting. The financial statements have been prepared in accordance with the Indian Accounting Standards (IND AS) as prescribed under Section 133 of the Companies Act, 2013.

Osiajee Texfab's migration to the BSE Main Board and its strong consolidated performance indicate potential for growth and increased market visibility.