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 appointed Vimal Bhatnagar, Prerna Singh, and Babu Ram Somani as Additional Non-Executive Independent Directors on its Board for a term of one year effective June 11, 2026. The appointments, subject to shareholder approval at the ensuing Annual General Meeting, were approved by the Board based on the recommendation of the Nomination and Remuneration Committee. The company disclosed these changes pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Appointment Details

The three new directors join the Board to strengthen governance and oversight. Their appointments follow the regulatory framework and require ratification by shareholders. The company confirmed that none of the appointees are related to existing directors on the Board.

Director Profiles

Mr. Vimal Bhatnagar holds a Master of Commerce from Himachal University, a CFA from ICFAI, and a Diploma in Business Finance. He began his career in 1994 as a Faculty of Accounts and currently serves as an Independent Director at Vegorama Punjabi Angithi Limited.

Ms. Prerna Singh is a practising Company Secretary with over nine years of experience in corporate governance and statutory compliance. She holds a Bachelor of Commerce from Delhi University and is currently an Independent Director at AK Infradream Limited.

Mr. Babu Ram Somani is a qualified Chartered Accountant with experience advising industries in manufacturing, FMCG, and import-export sectors. His expertise includes direct and indirect taxation, project finance, and compliance.

The company confirmed that none of the appointees are debarred from accessing the capital markets or restrained from holding director positions by any regulatory authority.