Oswal Leasing Limited appointed M/s K R Aggarwal & Associates, Chartered Accountants, as its statutory auditors for a 5-year term ending in 2031. The appointment was ratified during the company's 42nd Annual General Meeting held on September 28, 2026.

The shareholders also approved the re-appointment of two independent directors, Dr. Roshan Lal Behl and Dr. Manisha Gupta, for second terms of five years each. These resolutions were passed alongside the adoption of financial statements for FY26 and other operational approvals.

Auditor appointment details

M/s K R Aggarwal & Associates (Firm Registration No. 030088N) will hold office from the conclusion of the 42nd AGM until the conclusion of the 47th AGM in 2031. They are tasked with auditing accounts for financial years ending March 31, 2027, through March 31, 2031. This appointment fills the casual vacancy caused by the resignation of M/s V. V. Bhalla & Co., effective August 10, 2026.

The firm was established in 2016 and offers assurance, risk advisory, tax advisory, and corporate advisory services. It serves clients across industries including textiles, construction, steel, IT, retail, and NBFCs.

Director re-appointments

Shareholders approved the re-appointment of Dr. Roshan Lal Behl (DIN: 06443747) and Dr. Manisha Gupta (DIN: 06910242) as Non-Executive Independent Directors. Both terms are effective from August 12, 2026, to August 11, 2031.

Dr. Behl holds a Ph.D. in Corporate Disclosure Practices and has over 41 years of teaching experience. He previously served as Director of Ludhiana Stock Exchange from 2012 to 2014. Dr. Gupta holds a Ph.D. and has over 25 years of experience in management teaching and research. She currently works as a Director at Punjab Institute of Management and Technology.

Summary of resolutions

Meeting proceedings

The meeting commenced at 2:30 pm via Video Conferencing and Other Audio Visual Means. Mani Saggi, Company Secretary and Compliance Officer, served as the moderator. Dinesh Gogna, Non-Executive Director, and other board members attended virtually.

Kamal Oswal, Chairman of the company, could not attend due to pre-occupations. Consequently, Dr. Roshan Lal Behl was elected as the Chairman of the meeting by the directors present. The quorum was present throughout the session, which concluded at 3:26 pm.

Voting was conducted electronically. Remote e-voting opened on September 25, 2026, and closed on September 27, 2026. Members who did not vote remotely could cast votes during the meeting itself. Madan Gopal Jindal served as the scrutinizer for the e-voting process.

Oswal Leasing Limited has communicated to BSE Limited that it is not required to provide disclosures for related party transactions for the half year ended March 31, 2026. The company stated that this non-applicability arises from an exemption based on its size, specifically regarding its paid-up equity share capital and net worth figures as of the last day of the previous financial year.

Regulatory Exemption Details

The company cited Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation specifies that certain corporate governance provisions, including those under Regulation 23(9), do not apply to listed entities with a paid-up equity share capital not exceeding ₹10 crore and a net worth not exceeding ₹25 crore.

Financial Metrics

According to the latest audited accounts of the company as at March 31, 2026, the financial metrics are as follows:

Since both the paid-up equity share capital and net worth are below the threshold limits specified in the regulations, the provisions of Regulation 15(2) and Regulation 23(9) are not applicable to the company. Therefore, Oswal Leasing Limited is not required to submit the disclosure of related party transactions on a consolidated basis for the half year ended March 31, 2026.