On March 13, 2025, Osiajee Texfab Limited announced the results of its postal ballot and remote e-voting for the approval of three key resolutions. The company sought shareholder approval for alterations in the Articles of Association, the increase in the authorized share capital, and the issuance of warrants convertible into equity shares on a preferential basis.

In line with the provisions of the Companies Act, 2013, and the SEBI (Listing Obligations Disclosure Requirements) Regulations, 2015, the company provided shareholders with the option to vote electronically, enabling them to cast their votes remotely. The voting period commenced on February 11, 2025, and concluded on March 12, 2025. The voting was conducted through an e-voting platform facilitated by CDSL.

The following resolutions were presented for approval:

1. Alteration in Articles of Association: This special resolution sought to modify the company's Articles to align with regulatory changes and operational needs. The resolution passed with a majority of votes in favor, 100% of the votes cast by public non-institutional shareholders were in favor, while no votes were cast against it.

2. Increase in Authorized Share Capital: This ordinary resolution aimed at increasing the company's authorized share capital to accommodate future growth plans and capital raising activities. Similar to the first resolution, this proposal also passed with unanimous support from the voting shareholders.

3. Issuance of Warrants on a Preferential Basis: This special resolution proposed the issuance of convertible warrants to identified allottees under a preferential basis. It too received approval by a wide margin, with 100% of votes in favor. However, votes cast by shareholders with a vested interest in the preferential issue, totaling 513,598 votes, were not considered.

The company has submitted the detailed voting results along with the scrutinizer’s report to BSE. According to the results, the overall voter turnout was 28.98%, and all resolutions were passed with the requisite majority.

The Scrutinizer’s Report, which was prepared by M/s Nitin Bhardwaj & Associates, provides an in-depth analysis of the votes cast, the process of e-voting, and the final tally. It also highlights that there were no invalid votes cast.

The company assures its shareholders and the public that all legal and regulatory requirements have been met and that the resolutions will be implemented accordingly.

The Board of Directors thanked all shareholders for their participation and support in the voting process, and the results were made available for public view on the company’s website. The company is committed to ensuring full compliance with the relevant laws and regulations and will continue to update its shareholders on further developments.

This announcement is in line with Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and complies with the statutory requirements set out by the relevant authorities.

For further details, shareholders can access the full Voting Results and Scrutinizer’s Report via the company's official website.

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