Oswal Agro Mills Limited shareholders approved the adoption of audited standalone and consolidated financial statements for FY26 at the company's 46th Annual General Meeting held on September 29, 2026. The meeting also ratified key leadership appointments, including Shael Oswal as Managing Director.

The AGM was conducted through Video Conferencing in compliance with Ministry of Corporate Affairs and SEBI circulars. Members voted on seven resolutions covering financial adoption, director reappointment, and auditor appointments. The requisite quorum was present, and all resolutions passed with the required majority.

Leadership transition and appointments

Shael Oswal, part of the promoter group and related to Chairperson Aruna Oswal, brings over 25 years of experience in manufacturing, real estate, and trading. His appointment marks a significant leadership shift within the Oswal family’s diverse business interests. The resolution grants him a three-year term effective October 1, 2026.

Additionally, shareholders approved the reappointment of Aruna Oswal as Director. She retires by rotation and is eligible for reappointment, continuing her role as Chairperson.

Auditor appointments

The meeting ratified the appointment of M/s. BGMG & Associates as statutory auditors for a five-year term and M/s. Anuj Gupta & Associates as secretarial auditors for five financial years. These appointments fill casual vacancies created by the resignation of previous firms.

The shareholders approved two separate resolutions regarding the statutory audit firm, M/s. BGMG & Associates:

1. To fill the casual vacancy caused by the resignation of M/s. Mehta Chokshi & Shah LLP until the conclusion of the 46th AGM.
2. For a term of five consecutive years from the conclusion of the 46th AGM until the conclusion of the 51st AGM in 2031.

Similarly, M/s. Anuj Gupta & Associates were appointed as secretarial auditors to fill the casual vacancy from Jay Mehta & Associates for FY26, and subsequently for five consecutive financial years from FY27 to FY31.

Key appointment details

The disclosures were made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Voting results will be intimated separately to stock exchanges.

Oswal Agro Mills Limited shareholders approved the appointment of four new independent directors through a postal ballot process. The resolutions passed on September 6, 2026, add Vimal Bhatnagar, Prerna Singh, Babu Ram Somani, and Rahul Khadriya to the board.

The company disclosed the voting results on September 8, 2026, pursuant to Regulation 44 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The remote e-voting period concluded on September 6, 2026, with scrutinizer Anuj Gupta confirming the outcomes.

Voting Participation

The record date for the voting was July 31, 2026, with 185,780 shareholders eligible to vote. A total of 74,848,295 votes were polled out of 134,234,776 shares held, representing a participation rate of 55.76%.

Promoter participation was notably high at nearly 99%, while non-institutional public shareholders accounted for the majority of the vote volume.

Resolution Outcomes

All four special resolutions received overwhelming support, with dissenting votes comprising less than 0.02% of the total polled votes for each appointment.

• Vimal Bhatnagar: 74,840,255 votes in favor (99.99%) against 8,040 dissenting votes.
• Prerna Singh: 74,840,155 votes in favor (99.99%) against 8,140 dissenting votes.
• Babu Ram Somani: 74,840,274 votes in favor (99.99%) against 8,021 dissenting votes.
• Rahul Khadriya: 74,840,174 votes in favor (99.99%) against 8,121 dissenting votes.

The promoters and promoter group declared no interest in any of the agenda items. The appointments are effective immediately upon approval.