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.

Oswal Greentech filed its annual report for FY26 with the BSE and NSE on September 4, 2026. The company reported a net loss of ₹6,241.86 lakh for the financial year ended March 31, 2026, widening from a profit of ₹853.21 lakh in FY25.

The filing, made pursuant to Regulation 34(1) of the SEBI Listing Regulations, includes the notice for the 44th Annual General Meeting (AGM) scheduled for September 29, 2026. The report is also available on the company’s website.

Financial Performance

Revenue from operations grew modestly by 4.4% year-on-year to ₹3,680.69 lakh from ₹3,525.26 lakh in FY25. However, this operational growth was overshadowed by significant exceptional items amounting to ₹10,122.19 lakh. Other income increased to ₹6,868.62 lakh from ₹5,747.45 lakh, contributing to a total revenue of ₹10,549.31 lakh. Profit before tax stood at ₹4,200.72 lakh before the deduction of exceptional items and tax expenses.

Auditor Resignations and Appointments

The AGM agenda includes the appointment of new statutory and secretarial auditors following recent resignations. M/s Mehta Chokshi & Shah LLP resigned as statutory auditors effective August 11, 2026. The board proposes the appointment of M/s BGMG & Associates as statutory auditors for a five-year term until the conclusion of the 49th AGM in 2031. Similarly, M/s Jay Mehta & Associates resigned as secretarial auditors on July 20, 2026. The board recommends appointing M/s Anuj Gupta & Associates as the new secretarial auditor for five consecutive financial years.

Operational Updates

The company’s flagship residential development in Ludhiana continues to show strong absorption, with 513 of 538 flats sold as of March 31, 2026. Management expects to conclude sales of the remaining units in the near term. The directors did not recommend any dividend for FY26 to conserve liquid resources.

What the Numbers Show

The divergence between operating performance and bottom-line results is stark. While revenue from operations grew and profit before tax remained positive at ₹4,200.72 lakh, the net loss of ₹6,241.86 lakh indicates that the exceptional item of ₹10,122.19 lakh was the sole driver of the fiscal outcome. Without this one-time charge, the company would have reported a substantial net profit, highlighting that core operational profitability remains intact despite the headline loss.