Oswal Agro Mills Limited accepted the resignation of Chief Financial Officer Hemant Patni effective June 22, 2026, due to personal reasons and family commitments. The Board of Directors also recorded the resignation of internal auditor M/s Siddharth S. Kothari & Co, Chartered Accountants, effective immediately. The company will complete the necessary formalities regarding these resignations in due course.

The Board meeting commenced at 11:00 a.m. and concluded at 11:40 a.m. on June 22, 2026. The disclosures were made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Hemant Patni was relieved from his duties with the closure of business hours on June 22, 2026. M/s Siddharth S. Kothari & Co cited personal reasons for stepping down from the role of Internal Auditor. Both parties confirmed there were no material reasons for the resignations other than those stated in their respective letters.

Oswal Agro Mills Ltd has confirmed that its promoters, Mrs. Shallu Jindal and Mr. Shael Oswal, have not created any encumbrance on their shareholding or voting rights during the financial year 2025-26. This disclosure ensures that the shares held by these key stakeholders remain free from charges such as pledges or liens, which is critical for maintaining stability in the company's ownership structure. The declaration was filed with BSE and NSE on April 03, 2026, from New Delhi.

The filing was made pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The regulation mandates promoters to disclose any encumbrances on their holdings to ensure transparency for shareholders. The confirmation covers the entire financial year 2025-26 and applies directly to Mrs. Shallu Jindal and Mr. Shael Oswal.

Aruna Oswal submitted the disclosure on behalf of the promoter group. The document explicitly notes that co-promoter Mr. Pankaj Oswal, along with any persons acting in concert (PAC) with him, is required to file a separate disclosure under the same regulation. This distinction ensures that all significant stakeholders comply individually with the regulatory requirements.

The following table details the members of the promoter group covered in this specific disclosure:

Copies of the disclosure have been forwarded to the Company Secretary and the members of the Audit Committee of Oswal Agro Mills Limited. The company is headquartered near Jain Colony, Vijay Inder Nagar, Daba Road, Ludhiana.