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).

Oswal Green Tech Ltd has appointed Vimal Bhatnagar, Prerna Singh, and Babu Ram Somani as Additional Non-Executive Independent Directors on its Board for a term of one year effective June 11, 2026. The appointments, subject to shareholder approval at the ensuing Annual General Meeting, were approved by the Board based on the recommendation of the Nomination and Remuneration Committee. The company disclosed these appointments pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Director Profiles

Mr. Vimal Bhatnagar holds a Master of Commerce from Himachal University, a CFA from ICFAI, and a Diploma in Business Finance. Starting his career in 1994, he has experience as a faculty of accounts and currently serves as an Independent Director at Vegorama Punjabi Angithi Limited, a BSE-listed entity. He is not related to any director on the Board of Oswal Green Tech.

Ms. Prerna Singh is a practising Company Secretary with over nine years of experience in corporate governance and statutory compliance. She holds a Bachelor of Commerce degree from Delhi University and has been in independent practice since April 17, 2017. Currently, she is an Independent Director at AK Infradream Limited. She is not related to any director on the Board of Oswal Green Tech.

Mr. Babu Ram Somani is a qualified Chartered Accountant with experience advising industries in manufacturing, the FMCG sector, and import-export houses. His expertise includes direct and indirect taxation, project finance, and compliance. He is not related to any director on the Board of Oswal Green Tech.

Regulatory Disclosures

The company confirmed that none of the appointed directors are debarred from accessing the capital markets or restrained from holding the position of director in any listed company by SEBI or any other authority. The detailed disclosures were provided in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/I/3762/2026 dated January 30, 2026.