Oswal Greentech Limited has completed the dispatch of its postal ballot notice to shareholders, initiating a vote on the appointment of four new independent directors. The company sent the notice electronically on August 05, 2026, to all members whose names appeared in the Register of Members or the list of Beneficial Owners as of close of business hours on July 31, 2026. This action is part of the company's governance process to expand its Board with independent oversight.

The postal ballot process is governed by Sections 108 and 110 of the Companies Act, 2013, read with the Companies (Management and Administration) Rules, 2014. The company also complied with Regulation 47 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, by publishing newspaper advertisements in Mint (English) and Nawan Zamana (Punjabi) on August 06, 2026. M/s Anuj Gupta & Associates has been appointed as the scrutinizer to ensure the voting process is conducted fairly and transparently.

Shareholders are requested to cast their votes via remote e-voting facilitated by National Securities Depository Limited (NSDL). The voting window opens on August 07, 2026, at 09:00 hours IST and closes on September 06, 2026, at 17:00 hours IST. Members holding shares in physical form who have not registered their email addresses with the Registrar and Share Transfer Agent are advised to update their details to participate in the e-voting process. The results will be declared on or before September 08, 2026.

The special resolutions seek approval for the following appointments:

These appointments aim to strengthen the independence and expertise of the Board. The company emphasized that the resolutions require special approval from the shareholders. Harshendra Mandoli, Company Secretary and Compliance Officer, remains the point of contact for any clarifications regarding the e-voting procedure or the postal ballot notice.

Oswal Greentech Limited has issued a Postal Ballot Notice dated August 05, 2026, pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The notice seeks shareholder approval through remote e-voting for the appointment of four individuals as Non-Executive Independent Directors of the Company. The Postal Ballot Notice has been dispatched electronically to members whose names appear on the Register of Members as on the cut-off date of July 31, 2026.

Proposed Appointments via Special Resolution

All four appointments are proposed to be passed as Special Resolutions through the postal ballot process. The resolutions cover the following directors:

Mr. Vimal Bhatnagar, Ms. Prerna Singh, and Mr. Babu Ram Somani were each appointed as Additional Directors by the Board through a resolution passed by circulation with effect from June 11, 2026. Mr. Rahul Khadriya was appointed as an Additional Director at the Board meeting held on July 27, 2026. All four hold office as Additional Directors up to the date of the Postal Ballot or the ensuing General Meeting, whichever is earlier, and shareholder confirmation is being sought in compliance with Regulation 17(1C) and Regulation 25(2A) of the SEBI Listing Regulations.

Profile of Proposed Independent Directors

The following table summarises the key details of the four proposed Independent Directors as disclosed in the Postal Ballot Notice:

Mr. Vimal Bhatnagar began his professional journey in 1994 as a Faculty of Accounts, delivering lectures on financial statements, budgeting, and taxation. He presently serves as an Independent Director on the Board of Vegorama Punjabi Angithi Limited, a BSE-listed entity, and also holds a directorship in Oswal Agro Mills Limited. He holds 4 Chairmanships and 3 Memberships on committees of other public companies.

Ms. Prerna Singh is a practising Company Secretary with over 9 years of professional experience in corporate governance, statutory compliance, and board advisory. She has been in independent practice since April 17, 2017, and presently serves as an Independent Director on the Board of AK Infradream Limited and Oswal Agro Mills Limited. She holds 1 Chairmanship on committees of other public companies.

Mr. Babu Ram Somani is a qualified Chartered Accountant with expertise in advising industries in manufacturing, the FMCG sector, and import-export houses on matters pertaining to direct and indirect taxation, project finance, data analysis, planning, and compliance. He also holds directorships in Vegorama Punjabi Angithi Limited and Oswal Agro Mills Limited, along with 1 Chairmanship and 4 Memberships on committees of other public companies.

Mr. Rahul Khadriya (B.Com, FCS, LLB) is a seasoned professional with over 15 years of experience in corporate advisory and Company Secretarial services, and is the Managing Partner of M/s SRC & Co., Company Secretaries. His areas of specialisation include secretarial audit, legal due diligence, corporate restructuring, mergers, demergers, buy-backs, FEMA compliance, and IPO/FPO related matters.

E-Voting Schedule and Process

The Company has engaged National Securities Depository Limited (NSDL) to facilitate the remote e-voting process. The e-voting schedule is as follows:

The Board has appointed M/s Anuj Gupta & Associates, Practising Company Secretaries (FRN: S2015DE314800), represented by Mr. Anuj Gupta (Membership No. A31025), as the Scrutinizer to conduct the postal ballot and e-voting process in a fair and transparent manner. The Scrutinizer will submit the report to the Chairman, and the results will be communicated to the stock exchanges, depositories, and Registrar and Share Transfer Agents. The date of September 06, 2026 shall be deemed the date on which the resolutions are passed, if approved by the requisite majority.

Remuneration and Compliance

All four proposed Independent Directors, being Non-Executive Independent Directors, shall be entitled to sitting fees for attending meetings of the Board and its Committees, as well as reimbursement of expenses within the limits prescribed under the Companies Act, 2013. None of them shall be entitled to any stock options of the Company. Each of the proposed directors has submitted the requisite declarations confirming their independence under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(b) of the Listing Regulations, along with consent to act as Director in Form DIR-2 and intimation in Form DIR-8. The Postal Ballot Notice has been signed by Aruna Oswal, Chairperson (DIN: 00988524), and the notice proceedings are managed by Harshendra Mandloi, Company Secretary & Compliance Officer (M. No.: A81271).