Oswal Agro Mills has confirmed the completion of dispatch for its postal ballot notice seeking shareholder approval to appoint four independent non-executive directors. The company announced on August 6, 2026, that it had electronically sent the notice dated August 5, 2026, to all members registered as of July 31, 2026. This procedural step activates the voting window, which closes on September 6, 2026, allowing shareholders to decide on the Board’s refreshed composition featuring experts in finance, law, and corporate governance.

The appointment proposals are structured as special resolutions under Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and Sections 108 and 110 of the Companies Act, 2013. In compliance with Regulation 47 of the SEBI LODR Regulations, the company published advertisements regarding the completion of dispatch in Mint (English) and Nawan Zamana (Punjabi) on August 6, 2026. M/s Anuj Gupta & Associates, Practising Company Secretaries, has been appointed as the scrutinizer to oversee the e-voting process conducted via the National Securities Depository Limited (NSDL) platform.

The Board proposes the appointment of three directors effective June 11, 2026, and one effective July 27, 2026. All four appointees were initially inducted as additional directors based on recommendations from the Nomination and Remuneration Committee. Their final confirmation is contingent upon shareholder assent via remote e-voting.

Vimal Bhatnagar brings experience in financial statements and taxation, currently serving on the board of Vegorama Punjabi Angithi Limited. Prerna Singh offers over nine years of practice in corporate governance and statutory compliance. Babu Ram Somani is a qualified Chartered Accountant with advisory experience in manufacturing and FMCG sectors. Rahul Khadriya, a seasoned Company Secretary and Managing Partner of M/s SRC & Co., specializes in corporate restructuring and FEMA compliance.

E-Voting Procedure and Timeline

The e-voting facility is accessible from 09:00 A.M. on August 7, 2026, until 05:00 P.M. on September 6, 2026. Members can vote using their demat account credentials or physical folio details via the NSDL e-voting portal. Institutional shareholders must submit scanned copies of board resolutions or authority letters to the scrutinizer. The voting module will be disabled immediately after the deadline, and results will be announced on or before September 8, 2026.

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.