Osiajee Texfab to Consider Fund Raising in Upcoming Board Meeting on 8th February 2025

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Osiajee Texfab to Consider Fund Raising in Upcoming Board Meeting on 8th February 2025

Team Finance Saathi

01/Feb/2025

What's covered under the Article:

Osiajee Texfab Board to meet on 8th February 2025 to discuss fund raising.
Company considers equity shares, debt, and QIP options for raising funds.
Trading window closed until 48 hours after the board meeting.

Osiajee Texfab Limited, a textile company, has informed the Bombay Stock Exchange (BSE) of a board meeting scheduled for 8th February 2025, where the company will discuss raising funds through the issuance of equity shares and/or other instruments, including convertible securities or through various other permissible methods. This decision will be subject to shareholder approval.

Proposed Fund Raising Plans

The proposed methods for raising funds may include:

Equity Shares and Other Instruments: This could involve issuing new equity shares or other convertible securities, subject to approval.
Public or Private Placement: The funds could also be raised via public issue, right issue, debt issue, preferential allotment, or through a qualified institutional placement (QIP).
Any Other Permissible Mode: The company is open to exploring other methods permitted under applicable regulations.

The outcome of this meeting will have a significant impact on the company’s capital structure and potential shareholder value, as it will define the next steps for future growth.

Trading Window Closed

In accordance with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015, the trading window for the company’s securities will remain closed starting from today until 48 hours after the board meeting concludes. This measure is aimed at preventing any potential misuse of insider information ahead of significant company announcements.

The board meeting will be a crucial moment for Osiajee Texfab Limited as the company plans to expand its resources to fuel its growth strategies. Shareholders and investors will need to monitor the outcomes closely as this development could potentially impact stock prices and future corporate strategies.

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Osiajee Texfab to Consider Fund Raising in Upcoming Board Meeting on 8th February 2025

Proposed Fund Raising Plans

Trading Window Closed

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