Oswal Greentech has appointed BGMG & Associates as its statutory auditor to fill a casual vacancy caused by the resignation of Mehta Chokshi & Shah LLP. The Board of Directors approved the appointment during its meeting held on August 24, 2026.

The firm will hold office until the conclusion of the ensuing 44th Annual General Meeting (AGM). The Board also recommended to shareholders the appointment of BGMG & Associates for a term of five consecutive years, commencing from the conclusion of the 44th AGM until the conclusion of the 49th AGM in 2031.

AGM and Book Closure Details

The company approved the draft notice for its 44th AGM, scheduled for September 29, 2026. The meeting will be convened via video conferencing or other audio-visual means, with the venue deemed to be the company’s registered office in New Delhi.

The Register of Members and Share Transfer Books will remain closed from September 22, 2026, to September 29, 2026, both days inclusive, for determining eligibility to attend the meeting.

Auditor Profile

BGMG & Associates, founded in 2012, serves over 100 corporate clients. The firm specializes in statutory audits under IGAAP, Ind AS, and IFRS, along with tax audits and internal risk-based audits. It also offers transaction due diligence, direct and indirect taxation advisory, and initial public offer advisory services.

The Board appointed M/s Anuj Gupta & Associates, Practising Company Secretaries, as the scrutinizer for the upcoming AGM.

oswal greentech disclosed on August 12, 2026, that its statutory auditor, Mehta Chokshi & Shah LLP, has resigned from office effective August 11, 2026. The resignation stems directly from a disagreement regarding audit fees, marking a potential disruption to the company’s financial reporting cycle for the upcoming fiscal year.

The firm stated that it submitted a fee proposal for continuing as statutory auditors for the financial year FY 2026-27, along with the scope of audit work. However, the company did not approve the proposal. In the absence of an agreed remuneration commensurate with the scope, effort, and professional responsibility involved, Mehta Chokshi & Shah LLP declared it unable to continue discharging its duties.

The resignation was communicated pursuant to Section 140(2) of the Companies Act, 2013, read with Rule 8 of the Companies (Audit and Auditors) Rules, 2014. Mehta Chokshi & Shah LLP confirmed that this is a business decision arising solely from non-agreement on fees. The firm explicitly stated there are no other reasons, facts, or circumstances connected with the resignation that need to be brought to the attention of members or creditors.

The company must now appoint a new statutory auditor in accordance with the provisions of the Companies Act, 2013. This may involve filling a casual vacancy under Section 139(8) of the Act if the Board chooses to appoint an interim auditor before the next Annual General Meeting. Mehta Chokshi & Shah LLP requested that outstanding professional fees for work already completed be settled at the earliest.

Mehta Chokshi & Shah LLP will file a statement of resignation in Form ADT-3 with the Registrar of Companies within thirty days from the date of the resignation letter. The firm offered to provide reasonable assistance and clarification to the incoming auditor to ensure a smooth transition, subject to the completion of customary professional formalities. The original appointment of Mehta Chokshi & Shah LLP was made at the Annual General Meeting held on September 25, 2025, under Section 139 of the Companies Act, 2013.