Oswal Overseas Limited has secured a three-month extension from the Registrar of Companies (ROC) to hold its Annual General Meeting (AGM) for the financial year ended March 31, 2026. The regulatory approval allows the company to conduct the meeting by December 31, 2026, instead of the statutory deadline of September 30, 2026.

The extension was granted under Section 96(1) of the Companies Act, 2013, following an application submitted by the company on September 25, 2026. The ROC, New Delhi, issued the order on September 28, 2026, citing difficulties faced by the company as grounds for the relief.

Regulatory Compliance and Timeline

The company informed BSE Limited about the development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The original due date for the FY26 AGM was September 30, 2026. With the new approval, the final date for holding the meeting is extended to December 31, 2026.

ROC Advisory

While granting the extension, the Assistant Registrar of Companies emphasized that the company must ensure timely compliance with AGM provisions in the future. The order explicitly advised Oswal Overseas to be careful regarding future adherence to the Companies Act, 2013 requirements.

The exact date for the AGM will be intimated to stock exchanges once decided by the Board of Directors. This development ensures the company remains compliant with corporate governance norms despite the initial scheduling constraint.

Oswal Overseas Limited is exempt from disclosing related party transactions on a consolidated basis for the quarter and year ended March 31, 2026, due to its small size. The company confirmed that its financial metrics fall below the thresholds specified by the market regulator, triggering the exemption from Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Pursuant to Regulation 15(2) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, certain compliance provisions 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 as on the last day of the previous financial year.

Financial Position as on March 31, 2026

Oswal Overseas Limited disclosed the following financial figures to justify the exemption:

The company's paid-up equity share capital stood at ₹6.46 crore, while its net worth was negative at ₹9.56 crore. Consequently, the requirement to disclose related party transactions on a consolidated basis under Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) (Amendment) Regulations, 2018 is not applicable.

The disclosure was submitted to the BSE Limited by Lalit Kumar, Company Secretary & Compliance Officer of Oswal Overseas Limited.