Oswal Green Tech Ltd has confirmed that its promoters have not pledged or encumbered their shareholding in the company during the financial year 2025-26. The disclosure, submitted to the stock exchanges, asserts that neither Mrs. Shallu Jindal nor Mr. Shael Oswal has created any direct or indirect encumbrance on the shares or voting rights held by them. This declaration provides shareholders with clarity regarding the financial standing of the promoter group's equity.

The filing was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation mandates that promoters disclose any encumbrances on their holdings to ensure transparency in the market. The confirmation covers the entire financial year 2025-26, indicating that the promoter group's equity remains unencumbered throughout the period.

The declaration specifically names Mrs. Shallu Jindal and Mr. Shael Oswal as the members of the promoter group making the confirmation. The document was signed by Aruna Oswal on behalf of the promoters and dated April 3, 2026. The submission was addressed to BSE Limited and the National Stock Exchange of India Limited, with copies sent to the Company Secretary and the members of the Audit Committee of Oswal Greentech Limited.

Notably, the disclosure excludes the co-promoter, Mr. Pankaj Oswal, and any persons acting in concert (PAC) with him. The filing explicitly states that Mr. Pankaj Oswal, if applicable, is required to file a separate disclosure under the same regulation. This distinction ensures that the regulatory obligations of different factions within the promoter group are met independently.

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

Oswal Greentech Limited has approved the incorporation of a subsidiary in Dubai, United Arab Emirates (UAE), to expand its business presence internationally. The Board of Directors at its meeting held on June 22, 2026, sanctioned the proposal to undertake development of land, residential, and commercial properties in the UAE. This strategic move is subject to obtaining necessary approvals under applicable laws, including the Foreign Exchange Management Act and Reserve Bank of India regulations.

The proposed initial investment in the subsidiary company will be AED 40 Million, to be made in one or more tranches. Oswal Greentech Limited shall subscribe to 38,000 equity shares of AED 1,000 each, aggregating to AED 38 million, representing 95% of the paid-up share capital. Mr. Shael Oswal will subscribe to the remaining 2,000 equity shares of AED 1,000 each, aggregating to AED 2 Million, representing 5% of the paid-up share capital.

Investment Structure

The following table outlines the shareholding structure and investment details for the proposed foreign subsidiary:

The subsidiary will operate in the Real Estate Development and Property Development industry. The incorporation is also subject to necessary regulatory approvals or licenses from the appropriate authorities in the UAE.

Internal Auditor Resignation

In a separate disclosure, the Board accepted the resignation of M/s Siddharth S. Kothari & Co, Chartered Accountants, as the Internal Auditor of the Company. The resignation was tendered via a letter dated June 22, 2026, and is effective immediately due to personal reasons. The firm confirmed that there are no material reasons for the resignation other than those stated and no material concerns or unresolved matters regarding the company's affairs.

The Board has taken the resignation on record and will complete the necessary formalities regarding the transition in due course. The meeting commenced at 02:00 p.m. (IST) and concluded at 03:40 p.m. (IST).