Osiajee Texfab Limited announced that Mr. Dheeraj Kumar Mishra, ceased to be an Independent Director of the Company due to his consecutive absenteeism from all the meetings of the Board of Directors held during a period of twelve months. The period of twelve months is initiated from August 14, 2021 that is the first Board meeting from which Mr. Dheeraj Kumar Mishra became absent. Accordingly, the Board of Directors in its meeting held on October 20, 2022 took note of the Vacation of Office of Mr. Dheeraj Kumar Mishra under section 167(1)(b) of the Companies Act, 2013.