Osiajee Texfab Ltd (540198)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Osiajee Texfab's revenue was ₹0.7 Cr (-9.8% year on year, -74.1% on the previous quarter), and net profit ₹0.3 Cr (-14.1% year on year); the operating margin was 68.6%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹0.7 | -9.8% | -74.1% |
| Operating profit | ₹0.5 | +33.8% | -79.8% |
| Net profit | ₹0.3 | -14.1% | -86.6% |
| EPS (₹) | 0.64 | -13.5% | -86.5% |
| Operating margin | 68.6% | — | — |
📢 Recent Corporate Announcements
Osiajee Texfab announced a full turnover of its independent directorship on August 24, 2026. Three independent directors—Ms. Sunita Devi, Mr. Ankur Verma, and Mr. Akash Rai—resigned simultaneously citing personal reasons. To replace them, the board appointed Ms. Dolly Seth, Ms. Gurmeet Kaur, and Mr. Karan Kumar as Additional Independent Directors for a 5-year term through August 23, 2031, subject to shareholder approval. The Audit, Nomination & Remuneration, and Stakeholders Relationship committees were reconstituted, and the 31st AGM was set for September 29, 2026.
- Resignation of 3 Independent Directors (Ms. Sunita Devi, Mr. Ankur Verma, and Mr. Akash Rai) effective August 24, 2026.
- Appointment of 3 new Independent Directors (Ms. Dolly Seth, Ms. Gurmeet Kaur, and Mr. Karan Kumar) for a 5-year term ending August 23, 2031.
- Audit, Nomination & Remuneration, and Stakeholders Relationship committees reconstituted as of August 24, 2026.
- 31st Annual General Meeting scheduled to be held on September 29, 2026.
Osiajee Texfab announced the simultaneous resignation of three Non-Executive Independent Directors—Ms. Sunita Devi, Mr. Ankur Verma, and Mr. Akash Rai—effective August 24, 2026. To fill the vacancies, the board approved the appointments of Ms. Dolly Seth, Ms. Gurmeet Kaur, and Mr. Karan Kumar as Additional Independent Directors for a 5-year term through August 23, 2031, subject to shareholder approval. Consequently, the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees have been reconstituted. The company's 31st Annual General Meeting is scheduled for September 29, 2026.
- 3 Independent Directors (Sunita Devi, Ankur Verma, Akash Rai) resigned w.e.f. August 24, 2026
- 3 new Independent Directors (Dolly Seth, Gurmeet Kaur, Karan Kumar) appointed for a 5-year tenure until August 23, 2031
- Audit Committee and Nomination & Remuneration Committee reconstituted w.e.f. August 24, 2026
- 31st Annual General Meeting scheduled for Tuesday, September 29, 2026
Osiajee Texfab Limited announced a complete turnover of its Independent Directors on August 24, 2026. Three Independent Directors (Ms. Sunita Devi, Mr. Ankur Verma, and Mr. Akash Rai) resigned simultaneously citing personal reasons. Concurrently, the Board approved the appointment of Ms. Dolly Seth, Ms. Gurmeet Kaur, and Mr. Karan Kumar as Independent Directors for a 5-year term ending August 23, 2031, subject to shareholder approval at the AGM scheduled for September 29, 2026.
- Resignation of 3 Independent Directors (Ms. Sunita Devi, Mr. Ankur Verma, Mr. Akash Rai) effective August 24, 2026
- Appointment of 3 new Independent Directors for a 5-year tenure from August 24, 2026 to August 23, 2031
- Reconstitution of Audit, Nomination & Remuneration, and Stakeholders Relationship Committees effective August 24, 2026
- 31st Annual General Meeting scheduled for Tuesday, September 29, 2026 via VC/OAVM
Osiajee Texfab reported a consolidated net profit of ₹0.37 crore for the quarter ended June 30, 2026, driven entirely by its agro-farming subsidiary. The standalone textile business recorded zero operational revenue and a net loss of ₹2.77 lakhs. Total consolidated revenue for the quarter stood at ₹0.72 crore. Additionally, the board approved a 1:10 stock split to reduce the face value from ₹10 to ₹1, aiming to enhance market liquidity.
- Consolidated Net Profit for Q1 FY27 stood at ₹0.37 crore.
- Consolidated Revenue from operations reached ₹0.72 crore, contributed 100% by the agro-farming subsidiary.
- Standalone entity reported zero operational revenue and a net loss of ₹2.77 lakhs.
- Board approved a 1:10 stock split, increasing total shares from 54 lakh to 5.4 crore.
- The stock split process is expected to be completed within approximately 5 months.
Osiajee Texfab has approved a 1:10 stock split, reducing the face value from ₹10 to ₹1 to enhance market liquidity. For Q1 FY27, the company reported a standalone net loss of ₹2.77 Lakhs compared to a profit of ₹3.00 Lakhs in the year-ago period. However, its 100% subsidiary, Osiajee Agro Farms, remains the primary driver, contributing ₹72.13 Lakhs in revenue and ₹37.13 Lakhs in net profit for the quarter. The company continues to pivot from textile trading toward agro-farming and real estate.
- Approved a 1:10 stock split, converting each ₹10 share into ten ₹1 shares.
- Standalone Q1 FY27 revenue declined to ₹2.90 Lakhs from ₹12.44 Lakhs YoY.
- Subsidiary Osiajee Agro Farms reported a net profit of ₹37.13 Lakhs for the quarter.
- Subsidiary total assets recorded at ₹21.02 Cr as of June 30, 2026.
- Stock split process expected to be completed within 5 months of shareholder approval.
Osiajee Texfab has scheduled a board meeting for August 13, 2026, to consider a stock split of its equity shares from a face value of ₹10 to ₹1 (1:10 ratio). The board will also review and approve the unaudited financial results for the quarter ended June 30, 2026. This corporate action follows a period where the company maintained a high TTM operating margin of 73.9% despite a small revenue base of ₹7 Cr. Investors should be aware of the exceptionally low promoter holding of 2.78% in this ₹170 Cr market cap company.
- Board meeting scheduled for August 13, 2026, to consider a 1:10 stock split
- Proposed reduction of share face value from ₹10 to ₹1 per share
- Approval of unaudited standalone and consolidated financial results for Q1 FY27
- Trading window closed from July 1, 2026, until August 15, 2026
- Company reported a TTM PAT of ₹6 Cr against a revenue of ₹7 Cr
Lokesh Goyal, a Director of Osiajee Texfab, has disclosed the sale of 132,911 equity shares, representing a 2.45% stake in the company. The transactions were conducted in the open market between August 18, 2025, and February 8, 2026. This sale has reduced his personal holding from 4.12% to 1.67%. Notably, the seller is classified as a non-promoter director, but the stake sold is significant given the company's total promoter holding is only 2.78%.
- Sale of 132,911 equity shares via open market transactions
- Stake reduction of 2.45%, bringing personal holding down to 1.67%
- Transaction period spanned approximately six months from August 2025 to February 2026
- Total equity share capital of the company stands at 5,40,00,000 shares
- Seller is a Director but not part of the promoter group
Osiajee Texfab has completed a strategic pivot, with its textile division now generating zero revenue while its agro-forestry subsidiary drives the group's operations. For FY 2025-26, the company reported a consolidated net profit of ₹5.55 crore on revenue of ₹6.49 crore, reflecting exceptionally high margins likely due to agricultural tax treatments or harvest cycles. The company has formally amended its Memorandum of Association to enter the real estate sector, with preliminary investments already underway. Net worth has strengthened significantly to ₹20.51 crore, providing a base for these new capital-intensive ventures.
- Reported a consolidated Net Profit of ₹5.55 crore for FY 2025-26, up from a PBT of ₹5.00 crore in the previous year.
- Revenue from operations stood at ₹6.49 crore, primarily generated by the wholly-owned subsidiary Osiajee Agro Farms Limited.
- Consolidated Net Worth increased to ₹20.51 crore as of March 31, 2026, compared to ₹14.97 crore in FY 2024-25.
- Total Assets grew by approximately 55% year-on-year to reach ₹26.97 crore.
- Property, Plant, and Equipment (PPE) rose to ₹8.48 crore, reflecting the shift toward asset-backed business models.
Osiajee Texfab Ltd has issued a clarification regarding an Ex-Parte Interim Order issued by SEBI on July 9, 2026. The company states that while certain directors received the order in their personal capacities, the company itself is neither a noticee nor a party to the proceedings. No restrictions or directions have been imposed on the company's business operations or commercial activities. The management emphasizes that day-to-day operations continue in the ordinary course without interruption.
- SEBI issued Interim Order No. WTM/KM/IVD-1/ID-17/32480/2026-27 on July 9, 2026
- Company confirms 0 restrictions have been imposed on its business or commercial activities
- The proceedings concern certain individuals in their personal capacities rather than the corporate entity
- Company clarifies it has not engaged in any trading of its own shares or disseminated misleading information
- Clarification issued on July 11, 2026, to address media reports affecting brand image
The Board of Osiajee Texfab Limited has approved a proposal to change the company's name to 'Osiajee Real Estate Limited' to reflect a new business direction. This strategic pivot follows a name availability approval from the Ministry of Corporate Affairs (MCA) received on May 27, 2026. The change is now subject to shareholder approval via a postal ballot and subsequent amendments to the Memorandum and Articles of Association. This indicates a formal shift away from the textile sector toward real estate operations.
- Board approved name change from Osiajee Texfab Limited to Osiajee Real Estate Limited on July 9, 2026
- Central Registration Centre (MCA) provided prior approval for the name on May 27, 2026 (SRN: AC3584806)
- JPM & Associates LLP appointed as Scrutinizer for the upcoming postal ballot process
- Board meeting concluded within 30 minutes, starting at 12:30 PM and ending at 1:00 PM
Financial Performance
Revenue Growth by Segment
Standalone total income grew by 118.9% YoY to INR 15.52 Lakhs from INR 7.09 Lakhs. The textile trading segment remains the primary standalone business, while the wholly-owned subsidiary, Osiajee Agro Farms Limited, generated a turnover of INR 7.09 Cr in its first full reporting period.
Geographic Revenue Split
Operations are primarily concentrated in Hoshiarpur, Punjab, India. 100% of revenue is derived from domestic operations, specifically within the textile trading and agro-farming sectors in the Punjab region.
Profitability Margins
Standalone Operating and Net Profit Margins both improved to 9.26% in FY 2024-25 from 2.15% in FY 2023-24. However, the company reported a standalone net loss of INR 2.06 Lakhs compared to a profit of INR 3.82 Lakhs in the previous year. The subsidiary reported a high net profit of INR 5.03 Cr on a turnover of INR 7.09 Cr.
EBITDA Margin
Operating Profit Margin stood at 9.26%, reflecting a 330% increase from the previous year's 2.15%, driven by lower relative operating expenses despite the standalone net loss.
Capital Expenditure
Not explicitly disclosed in absolute INR Cr for the current year; however, the subsidiary Osiajee Agro Farms Limited holds total assets of INR 15.23 Cr, indicating significant historical investment in land and agro-assets.
Credit Rating & Borrowing
Not disclosed in available documents. Interest Coverage Ratio improved significantly from 4.90 to 18.32, indicating a better ability to service debt despite the standalone loss.
Operational Drivers
Raw Materials
Textile fabrics (for trading) and Eucalyptus/Poplar saplings and agricultural inputs (for agro-farming). Specific cost percentages for each are not disclosed.
Import Sources
Sourced domestically within India, specifically in the Hoshiarpur district of Punjab for agro-farming operations.
Key Suppliers
Not disclosed in available documents; however, the company maintains long-term relationships with vendors to mitigate commodity price risks.
Capacity Expansion
Current operations involve trading and 100% ownership of an agro-farm. Planned expansion includes developing residential and commercial complexes to earn rental income or sales revenue.
Raw Material Costs
Not disclosed as a specific percentage of revenue; however, the company uses a mitigation strategy of long-term vendor relationships to manage commodity price volatility.
Manufacturing Efficiency
Not applicable as the company is primarily in trading and agro-farming. Inventory turnover ratio dropped from 113.88 to 35.76 (a 68.6% decrease), indicating slower stock movement.
Strategic Growth
Expected Growth Rate
10-12%
Growth Strategy
Diversification into high-growth agro-farming (Eucalyptus and Poplar trees) and entry into the real estate sector for residential and commercial development. The company is also expanding its textile reach through e-commerce and modern trade channels.
Products & Services
Trading of textile fabrics, Eucalyptus and Poplar wood for the plywood industry, and proposed residential/commercial real estate units.
Brand Portfolio
OSIAJEE
New Products/Services
Entry into real estate development (residential and commercial complexes) and expansion of agro-farming produce to wood-based manufacturers.
Market Expansion
Targeting the plywood industry in Punjab and expanding textile trading via digital platforms.
Strategic Alliances
Wholly-owned subsidiary Osiajee Agro Farms Limited; proposed partnerships for real estate development.
External Factors
Industry Trends
The Indian textile industry is growing at 10-12% annually. Future trends include a focus on Extra-Long Staple (ELS) cotton and a projected US $30 billion in RMG exports by 2027.
Competitive Landscape
Competes with other textile traders and local agro-producers in the Punjab region.
Competitive Moat
The company's moat is based on diversification into agro-farming which provides a steady profit stream (INR 5.03 Cr profit) to offset volatility in the textile trading business.
Macro Economic Sensitivity
Highly sensitive to Indian GDP growth and textile industry trends. The sector is projected to reach US $350 billion by 2030, growing at a 10% CAGR.
Consumer Behavior
Shift toward value-for-money options and e-commerce platforms in the textile segment.
Geopolitical Risks
Global financial shocks and rising NPAs in the financial sector are cited as vulnerabilities that could affect stability.
Regulatory & Governance
Industry Regulations
Subject to the Companies Act 2013, SEBI LODR 2015, and specific agricultural land use norms in Punjab.
Taxation Policy Impact
The subsidiary provided Nil for taxation on a profit of INR 5.02 Cr, likely due to agricultural income exemptions under Indian tax laws.
Legal Contingencies
The company has several compliance failures: non-payment of CDSL annual listing fees for FY 2024-25 and 2025-26, failure to file Form SH-7 for capital increase to INR 10.50 Crore, and failure to file MGT-14 for MOA/AOA updates.
Risk Analysis
Key Uncertainties
Regulatory risk due to multiple secretarial non-compliances; commodity price risk in the textile and timber markets.
Geographic Concentration Risk
High concentration in Hoshiarpur, Punjab, for both textile trading and agro-farming operations.
Third Party Dependencies
High dependency on the plywood industry for agro-revenue and vendors for textile supply.
Technology Obsolescence Risk
Risk of falling behind in e-commerce adoption compared to larger textile aggregators.
Credit & Counterparty Risk
Debtors Turnover Ratio is reported as 0, suggesting potential issues with credit sales or a purely cash-based/advance-based trading model.
