Oswal Greentech Limited appointed M/s BGMG & Associates, Chartered Accountants, as Statutory Auditors and M/s Anuj Gupta & Associates, Practising Company Secretaries, as Secretarial Auditors for a term of five consecutive years during its 44th Annual General Meeting (AGM) held on September 29, 2026.

The appointments were approved by shareholders to fill casual vacancies caused by the resignation of previous firms. The new terms extend until the conclusion of the 49th AGM in 2031 for statutory audits and through financial year 2030-31 for secretarial audits.

Key resolutions passed

The AGM addressed both ordinary and special business items. The key decisions included:

• Adoption of the audited standalone IND AS financial statements for FY26, along with the reports of the Board of Directors and Auditors.
• Reappointment of Shael Oswal as a director, replacing himself who retired by rotation and sought reappointment.
• Appointment of M/s BGMG & Associates, Chartered Accountants (FRN: 025265N), as Statutory Auditors to fill a casual vacancy caused by the resignation of M/s Mehta Chokshi & Shah LLP.
• Appointment of M/s Anuj Gupta & Associates, Practising Company Secretaries (FRN: S2015DE314800), as Secretarial Auditor to fill a casual vacancy caused by the resignation of M/s Jay Mehta & Associates.

Auditor profiles and tenure details

The company disclosed specific details regarding the newly appointed audit firms in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

M/s BGMG & Associates, founded in 2012, serves over 100 corporate clients with specializations in statutory audit under IGAAP, Ind AS, and IFRS, tax audits, and risk-based internal audits. The firm was initially appointed by the Board on August 24, 2026, under Section 139(8) of the Companies Act, 2013, to fill the vacancy until the AGM, before being approved for the full five-year term.

M/s Anuj Gupta & Associates brings more than ten years of experience in company secretarial work. The firm handles corporate compliance under the Companies Act and Listing Agreement, liaising with authorities such as the Ministry of Corporate Affairs and the Registrar of Companies. They were initially appointed by the Board on July 27, 2026, to conduct the secretarial audit for FY25-26.

Governance and voting process

The meeting was conducted through video conferencing in compliance with Ministry of Corporate Affairs and SEBI guidelines. Shareholders approved all proposed resolutions with the requisite majority.

The company provided members the facility to vote via e-voting from September 26 to September 28, 2026. Mr. Anuj Gupta, Company Secretary in Practice, served as the Scrutinizer for the remote e-voting and the voting conducted during the meeting. The Chairperson, Aruna Oswal, addressed the members regarding the company's business performance during FY26.

The proceedings concluded at 1:30 pm after allowing 15 minutes for final e-voting completion. The company stated that separate intimation regarding voting results would be made to the stock exchanges.

Oswal Greentech Limited has secured shareholder approval for the appointment of four independent directors through a postal ballot process. The resolutions were passed on September 6, 2026, following remote e-voting that concluded on that date.

The company announced the results on September 8, 2026, pursuant to Regulation 44 of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015. The voting results were scrutinized by Anuj Gupta & Associates, with the report issued on September 7, 2026.

Voting Results Overview

The postal ballot notice was issued on August 5, 2026, with a record date of July 31, 2026. As of the record date, there were 241,326 shareholders. The total outstanding shares stood at 256,809,159. Remote e-voting commenced on August 7, 2026, and ended on September 6, 2026.

Across all four resolutions, promoter and promoter group shareholders held 181,448,493 shares, representing approximately 70.6% of the total equity. These promoters cast votes in favor for all resolutions with near-unanimous support.

Appointments Approved

Shareholders approved the following special resolutions regarding board appointments:

All four candidates are appointed as Independent Directors (Non-Executive). The promoters declared no interest in any of these agenda items.

What the Numbers Show

The voting data reveals a distinct divergence between promoter and public shareholder participation rates. While promoters cast votes on 99.98% of their holdings (181,413,493 shares), public non-institutional shareholders voted only 5.43% of their holdings (4,083,974 shares out of 75,265,475). Despite this low participation rate among retail investors, the overwhelming majority of public votes cast were also in favor, indicating broad alignment with the board's proposals despite limited engagement.