Osiajee Agro Ltd acquires 250 acres of land

Osiajee Agro Limited, a wholly owned subsidiary of Osiajee Texfab Limited, has acquired approximately 250 acres of land, out of which 150 acres are owned and 100 acres are on lease, for expansion and development of its business activities.

The acquisition forms part of the Company's long-term consolidated business expansion plan, aimed at diversifying and strengthening its agro and allied business operations. The Company has also entered into a financial tie-up with Federal Bank, Hoshiarpur, for meeting funding requirements related to the project.

The Osiajee Group has a target of acquiring approximately 750 acres of land over the next five years, in alignment with its strategic business growth roadmap. The five-year expansion plan is presently under formulation and will be shared with the Exchange in due course, once finalized and approved by the Board.

Further, on a standalone basis, the Board of Osiajee Texfab Limited has passed a resolution to invest 2.5 crore, out of which X1 crore has already been invested. The Company has also achieved profitability, which will be reflected in the upcoming financial results for the quarter ended September 30, 2025. The Company expects to maintain and improve profitability on a quarter-to-quarter basis, in line with its ongoing expansion initiatives and operational efficiencies.

The above developments are expected to significantly contribute to the overall growth and profitability of the Osiajee Group on a consolidated as well as standalone basis.

Shares of Osiajee Texfab Ltd was last trading in BSE at Rs. 280.75 as compared to the previous close of Rs. 281.15. The total number of shares traded during the day was 30968 in over 200 trades.

The stock hit an intraday high of Rs. 283.00 and intraday low of 273.00. The net turnover during the day was Rs. 8637209.00.

Source : Equity Bulls

Keywords

OsiajeeTexfab INE186R01013 OsiajeeAgro LandAcquisition