Oswal Greentech Limited reported a net loss of ₹6,241.86 lakh for the financial year ended March 31, 2026, a sharp decline from the net profit of ₹853.21 lakh recorded in the previous year. The loss was driven by an exceptional item of ₹10,122.19 lakh, representing a full provision made against inter-corporate deposits (ICDs) and real estate advances due to significant uncertainty regarding recoverability. Revenue from operations for the year stood at ₹3,680.69 lakh, while total income increased to ₹10,549.31 lakh from ₹9,272.71 lakh in FY25.

The Board of Directors, in its meeting held on May 26, 2026, approved the annual audited financial results, which were reviewed by the Audit Committee. M/s Mehta Chokshi & Shah LLP, Statutory Auditors, issued an audit report with a modified opinion. The qualification arose primarily because the company had not received confirmations for ICDs and real estate advances aggregating ₹1,22,676.83 lakh, preventing auditors from verifying the balances or assessing the need for further provisions.

Financial Performance

The company’s total expenses for FY26 decreased to ₹6,348.59 lakh from ₹8,290.55 lakh in the prior year. However, the exceptional provision for ICDs extended to Uppal Chadha Hi-Tech Developers Private Limited and SAS Servizio Private Limited, totaling ₹101.22 crore, severely impacted the bottom line. Consequently, the basic and diluted earnings per share (EPS) for the year stood at (₹2.43), compared to ₹0.33 in FY25.

For the quarter ended March 31, 2026, the company reported a net loss of ₹8,315.70 lakh. Revenue from operations for the quarter was ₹1,076.19 lakh, while total income was ₹3,435.09 lakh. The quarterly loss was also influenced by the exceptional provision of ₹10,122.19 lakh recognized during the period.

Fraudulent Conduct and Legal Proceedings

Oswal Greentech disclosed alleged fraudulent and unauthorized acts involving Mr. Vishnu Prasad Muddana, a former authorized representative, concerning a proposed property transaction for land situated at Rishra Village, West Bengal. The company estimated the impact of this fraud at ₹14.58 crore. Mr. Muddana, who previously served as the Chief Financial Officer of Oswal Agro Mills Limited from January 28, 2025, to July 07, 2025, allegedly engaged in collusion and misrepresentation regarding the property despite the termination of his authority.

The company has issued a legal notice and initiated appropriate legal proceedings before competent authorities. The matter has been reported to the relevant authorities, and an FIR has been sought at the Serampore Police Station to restrain unauthorized activities and recover losses. Additionally, the company is involved in an arbitration dispute regarding interest charged on inter-corporate deposits, where an award of ₹9,717.00 lakh was passed against a claim of ₹47,212.27 lakh, resulting in a shortfall of ₹37,495.27 lakh. The company has challenged this award at the Hon'ble High Court of New Delhi.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE143A01010/cd7f4ee3207b4b6e.pdf

Oswal Greentech Limited has informed the stock exchanges of an upcoming Board of Directors meeting, scheduled for Tuesday, May 26, 2026. The notice has been issued pursuant to Regulation 29(1)(a) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The board meeting has been convened to consider and approve, among other matters, the audited financial results of the company for the quarter and financial year ended March 31, 2026. The key details of the scheduled meeting are outlined below:

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, read with the company's Code of Conduct for prevention of insider trading by Designated Persons and their immediate relatives, the trading window has been closed. As previously intimated vide the company's letter dated March 31, 2026, the trading window closure details are as follows:

The intimation was signed by Aruna Oswal, Whole Time Director & Chairperson (DIN: 00988524), on May 13, 2026.