Osiajee Texfab Appoints Three New Independent Directors, Reports Resignations of Three Others
Osiajee Texfab Ltd. has approved significant changes to its Board of Directors, including the appointment of three new Independent Directors and the resignation of three existing Independent Directors, effective August 24, 2026. The company also announced the date for its upcoming Annual General Meeting (AGM).The Board meeting considered and approved the notice of the Annual General Meeting (AGM) and the Director's Report for the Financial Year 2025-26. Furthermore, M/s JPM & Associates LLP, a Practicing Company Secretary, was appointed as the Scrutinizer to oversee and prepare the report for the e-voting process for the 31st Annual General Meeting. The company’s AGM is scheduled to be held on Tuesday, September 29, 2026, via Video Conferencing or Other Audio-Visual Means.
New Appointments and Resignations
Based on recommendations from the Nomination and Remuneration Committee, three individuals were appointed as Additional Directors, Non-Executive and Independent, with a term of five years, commencing from August 24, 2026. These appointments are subject to shareholder approval at the ensuing general meeting.The new appointments include:
- Ms. Dolly Seth: Appointed as an Additional Director, Non-Executive and Independent. Ms. Seth is described as a qualified professional with relevant experience and knowledge in corporate affairs, management, finance, compliance, and governance.
- Ms. Gurmeet Kaur: Appointed as an Additional Director, Non-Executive and Independent. Ms. Kaur is a qualified management professional with an MBA and an academic background in Accountancy and Finance, bringing expertise in financial management and corporate affairs.
- Mr. Karan Kumar: Appointed as an Additional Director, Non-Executive and Independent. Mr. Kumar is a finance and accounts professional with experience in accounting, financial management, and business operations.
In addition, the Board approved the resignations of three Non-Executive Independent Directors, effective August 24, 2026:
- Ms. Sunita Devi
- Mr. Ankur Verma
- Mr. Akash Rai
The resignations were tendered due to unavoidable personal situations.
Committee Reconstitution
Following the resignations and appointments, the composition of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee was reconstituted, effective August 24, 2026.The composition of the committees is as follows:
Audit Committee
| Name of Director | Category | Designation |
|---|---|---|
| Ms. Gurmeet Kaur | Chairperson | Non-Executive Independent Director |
| Ms. Reema Saroya | Member | Executive Director |
| Mr. Karan Kumar | Member | Non-Executive Independent Director |
Nomination and Remuneration Committee
| Name of Director | Category | Designation |
|---|---|---|
| Ms. Gurmeet Kaur | Chairperson | Non-Executive Independent Director |
| Ms. Vibha Jain | Member | Non-Executive Director |
| Ms. Dolly Seth | Member | Non-Executive Independent Director |
Stakeholders Relationship Committee
| Name of Director | Category | Designation |
|---|---|---|
| Ms. Vibha Jain | Chairperson | Non-Executive Director |
| Ms. Gurmeet Kaur | Member | Non-Executive Independent Director |
| Ms. Reema Saroya | Member | Executive Director |
Stock Price Movement
Osiajee Texfab Ltd shares are edging higher at ₹277.25 as of 13:46, reflecting a strong gain of 2.69%. The stock has seen significant intraday volatility, having tested a high of ₹289.85 but finding support near the lower range of ₹269.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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