Strategic Business Expansion
Osiajee Texfab Limited has diversified its operations into real estate development following shareholder approval in February 2026. The company amended its Memorandum of Association to include real estate as principal business activity, specifically covering land acquisition and development, construction of residential and commercial projects, property trading, leasing, and allied activities. The company has commenced investments and preliminary activities in this sector, though commercial operations are currently at an early stage.
Agro-Forestry Operations through Subsidiary
The company's wholly owned subsidiary, Osiajee Agro Farms Limited (incorporated September 29, 2021), constitutes the principal operating business of the Group. The subsidiary engages in sustainable agro-forestry through cultivation of Eucalyptus and Poplar plantations catering to plywood, veneer and timber industries. Additionally, it undertakes cultivation of seasonal crops including wheat, potato and peas. The subsidiary sells produce to nearby plywood units and wood-based manufacturers in Hoshiarpur district, Punjab. Management has worked for four years to establish this business, which began generating healthy returns from 2025 onwards.
Financial Performance for FY 2025-26
The audited consolidated financial results for year ended March 31, 2026, approved by Board of Directors on May 28, 2026, show:
- Revenue from Operations: ₹648.94 lakh (₹6.49 crore), compared to ₹709.10 lakh in FY 2024-25
- Total Income: ₹713.92 lakh (₹7.14 crore)
- Profit Before Tax: ₹554.75 lakh (₹5.55 crore), compared to ₹500.44 lakh in FY 2024-25
- Net Profit: ₹554.75 lakh (₹5.55 crore)
- Earnings Per Share (EPS): ₹10.27 (basic and diluted), compared to ₹9.26 in FY 2024-25
- Net Worth: ₹2,051.45 lakh (₹20.51 crore), compared to ₹1,496.70 lakh in FY 2024-25
- Total Assets: ₹2,696.99 lakh (₹26.97 crore), compared to ₹1,741.43 lakh in FY 2024-25
Asset Base Strengthening
As of March 31, 2026, on consolidated basis:
- Non-current investments: ₹488.22 lakh
- Property, plant and equipment: ₹848.07 lakh
These investments align with the company's long-term strategy of building sustainable businesses supported by tangible assets.
Business Transformation Context
Historically engaged in textile business, the company has undertaken strategic realignment. The textile division currently does not contribute operational revenue. Management has diversified into businesses expected to provide stronger long-term growth prospects and asset creation opportunities.
Forward-Looking Statements
The document contains forward-looking statements regarding business strategy, growth prospects, real estate and agro-forestry operations, and future outlook, subject to risks and uncertainties that could cause actual results to differ materially.