Osiajee Texfab Board Approves Reappointment of Managing Director and Changes Designation of Key Directors
Osiajee Texfab Ltd has announced key changes regarding its senior leadership following the meeting of its Board of Directors held on June 22, 2026. The company approved several matters concerning the continuation and designation shifts of its directors, based on the recommendations of the Nomination and Remuneration Committee.The board confirmed the re-appointment of Ms. Reema Saroya as Managing Director for a subsequent term of five years. This appointment is effective from June 8, 2026, to June 7, 2031, subject to shareholder approval at the ensuing Annual General Meeting. The Board approved the appointment, noting that Ms. Saroya possesses extensive experience in management, business operations, and strategic planning, contributing significantly to the Company's growth.
Simultaneously, the company announced a change in designation for Ms. Megha Jain. Based on the committee’s recommendation, Ms. Jain has been moved from Non-Executive Director to Whole-Time Director. This new role carries a term of five years, effective starting June 22, 2026, and concluding on June 21, 2031. Ms. Jain brings significant experience and expertise in business management and actively participates in the Company's affairs.
Furthermore, the Board approved a change in designation for Mr. Lokesh Goyal, transitioning him from Whole-Time Director to Non-Executive Director. The designation change was effective as of June 22, 2026. Mr. Goyal is expected to continue providing guidance to the Company leveraging his rich industry experience in this new capacity.
The outcomes and details relating to these director appointments are summarized below:
| Director | Previous/New Role | Term Details | Key Aspect |
|---|---|---|---|
| Ms. Reema Saroya | Re-appointed as Managing Director | 5 years (June 8, 2026, to June 7, 2031) | Possesses extensive experience in management and strategic planning. |
| Ms. Megha Jain | From Non-Executive Director to Whole-Time Director | 5 years (June 22, 2026, to June 21, 2031) | Holds significant experience and expertise in business management. |
| Mr. Lokesh Goyal | Change from Whole-Time Director to Non-Executive Director | Effective June 22, 2026 | Will continue providing industry guidance as a Non-Executive Director. |
Stock Price Movement
Osiajee Texfab Ltd saw its shares settle at ₹411.60, posting a gain of 0.17% for the day. The stock traded within a tight intraday range, testing lows near ₹405.30 and highs up to ₹414.65.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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