The Board of Directors of oswal agro mills approved significant leadership appointments during its meeting on July 27, 2026, strengthening its compliance and financial oversight functions. The company appointed Vikas R Sharma as Chief Financial Officer (CFO) and Srishti Agarwal as Company Secretary and Compliance Officer, both effective July 27, 2026. Additionally, the Board appointed Rahul Khadriya as an Additional Independent Director for a five-year term, subject to shareholder approval, and engaged M/s Anuj Gupta & Associates as Secretarial Auditor to fill a casual vacancy for the remainder of FY26 and for a full five-year term commencing FY27.

These appointments replace outgoing officials who ceased their roles earlier in the year. Mr. Hemant Patni ceased to hold the office of CFO effective June 22, 2026, while Ms. Payal Agarwal stepped down as Company Secretary effective May 6, 2026. The appointment of M/s Anuj Gupta & Associates fills the casual vacancy caused by the resignation of M/s Jay Mehta & Associates. All disclosures were made pursuant to Regulation 30 of the SEBI Listing Regulations, read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Key Leadership Appointments

Vikas R Sharma brings over 17 years of experience in accounts and taxation across production, advertising, and real estate sectors. He holds an M.Com from Mumbai University and has previously served as Accounts Manager at Trikaal Theatres & Realty India Pvt Ltd and Senior Accountant at Bandra West-based production houses. His responsibilities will include overseeing financial reporting, taxation compliance, and strategic financial planning.

Srishti Agarwal, a qualified Company Secretary with Membership No. A72083, joins as Compliance Officer. She holds a commerce degree from Delhi University and possesses two years of experience in listed and unlisted public companies. Her expertise covers Company Law, Listing Compliances, and GST Law.

Governance and Audit Changes

Rahul Khadriya (DIN: 03578394) was appointed as an Additional Independent Director on the recommendation of the Nomination and Remuneration Committee. A seasoned professional with over 15 years of expertise in corporate advisory, Khadriya is the Managing Partner at M/s SRC & Co. Company Secretaries. His term begins July 27, 2026, and requires approval via special resolution at the ensuing general meeting.

M/s Anuj Gupta & Associates (FRN: S2015DE314800) was appointed as Secretarial Auditor by the Audit Committee. The firm has more than ten years of experience in Company Secretarial work. The initial appointment covers the remainder of FY26, with a subsequent five-year term proposed from FY27 to FY31, subject to member approval under Regulation 24A(1) of the SEBI Listing Regulations.

What the Numbers Show

The rapid succession of departures in key compliance and financial roles—Payal Agarwal in May, Hemant Patni in June, and Jay Mehta & Associates resigning—suggests a period of organizational restructuring or routine high-level turnover within Oswal Agro Mills. The immediate replacement of these roles indicates the Board’s focus on maintaining uninterrupted regulatory compliance and financial oversight. Notably, the new CFO and Company Secretary have no disclosed relationships with existing directors or Key Managerial Personnel, ensuring independent oversight.

The meeting commenced at 6:30 P.M. and concluded at 6:45 P.M. The disclosures were signed by Aruna Oswal, Chairperson of the company.

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.