Oswal Agro Mills Limited (OAML) has announced its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2025. The company's performance shows a significant improvement in profitability compared to the previous quarter.

Key Financial Highlights

Quarterly Performance Analysis

OAML's consolidated net profit for Q2 FY26 stood at ₹1.77 crore, showing a decrease from the previous quarter's ₹17.46 crore. The revenue from operations decreased to ₹4.72 crore in Q2 FY26 from ₹19.22 crore in Q1 FY26.

The company's total expenses increased marginally to ₹5.48 crore in Q2 FY26 from ₹4.57 crore in Q1 FY26. This increase was primarily due to higher consultancy and professional fees, which rose to ₹1.25 crore from ₹0.29 crore in the previous quarter.

Half-Yearly Performance

For the half-year ended September 30, 2025, OAML reported:

• Total income of ₹28.27 crore
• Net profit of ₹19.23 crore
• Basic and diluted earnings per share of ₹1.43

Segment-wise Performance

The company's financial results are categorized into three main segments:

1. Trading
2. Investment Activities
3. Real Estate

The investment activities segment contributed significantly to the company's profitability, with a segment result of ₹15.88 crore for the half-year ended September 30, 2025.

Balance Sheet Highlights

As of September 30, 2025, OAML's consolidated balance sheet shows:

• Total assets of ₹970.16 crore
• Total equity of ₹964.26 crore
• Cash and cash equivalents of ₹86.61 crore

Corporate Actions

The company reported that it has received Transferable Development Rights (TDR) of 1,06,374.15 sq. mtr. from Brihanmumbai Municipal Corporation (BMC) on October 23, 2024. This TDR is against the land reserved by BMC for various public utility purposes. As of September 30, 2025, OAML has sold approximately 81,357.47 sq. mtr. of these rights.

Auditor's Review

The financial statements were reviewed by statutory auditors Mehta Chokshi Shah LLP, who provided unmodified review reports for both standalone and consolidated results.

OAML's board of directors approved these results at their meeting held on November 4, 2025. The company continues to focus on its core segments of trading, investment activities, and real estate operations.

Investors and stakeholders should note that these results are unaudited and subject to limited review.

Oswal Agro Mills Limited (OAML) held its 45th Annual General Meeting (AGM) on September 25, 2025, marking significant changes in its leadership and compliance structure. The shareholders approved several key appointments and corporate governance measures during the virtual meeting.

New Auditor Appointments

The company has appointed new auditors for both statutory and secretarial audits:

• Statutory Auditors: M/s Mehta Chokshi & Shah LLP, Chartered Accountants, Mumbai (FRN:106201W) has been appointed for a five-year term from 2025 to 2030. The firm, with over five decades of experience, brings a team of 90 professionals, including 10 partners, known for their technical expertise and client-centric approach.

• Secretarial Auditors: M/s Jay Mehta & Associates, Company Secretaries, Mumbai (Membership No.: F8672 & COP: 8694) has been appointed for a five-year term from FY 2025-26 to FY 2029-2030. Led by Mr. Jay Mehta, the firm specializes in comprehensive secretarial and corporate compliance services.

Board Composition Changes

The AGM also saw significant changes to the company's board of directors:

1. Continuation of Directorship: Mrs. Aruna Oswal's directorship has been approved to continue in compliance with SEBI regulations.

2. New Independent Directors: Three new independent directors have been appointed for five-year terms starting August 13, 2025:

   • Mr. Gulshan Chamanlal Vohra: A seasoned HR and Legal professional with over 30 years of experience across various sectors.
   • Mr. Swapneel Vinod Patel: A practicing Company Secretary with 10 years of experience in corporate compliances.
   • Ms. Larly Nitin Bahl: A creative professional with over 20 years of experience in event design, interior styling, and digital sales.

Corporate Governance Enhancements

OAML has taken steps to strengthen its corporate governance framework:

• Memorandum of Association (MOA): The company has adopted and altered its MOA to align with the Companies Act, 2013. This includes updating the object clause to better reflect the company's business objectives and ancillary activities.

• Articles of Association (AOA): A new set of AOA has been adopted, restructured to align with current regulatory requirements, including the Companies Act, 2013, SEBI regulations, and Secretarial Standards.

Financial Statements and Other Business

The AGM also saw the adoption of audited standalone and consolidated IND AS financial statements for the financial year ended March 31, 2025, along with the reports of the Board of Directors and Auditors.

Oswal Agro Mills Limited's proactive approach in updating its governance structure and bringing in diverse expertise through new appointments signals a commitment to enhancing its corporate practices and preparing for future growth opportunities.

The meeting, which commenced at 3:00 PM IST, concluded at 3:23 PM IST, with an additional 15 minutes provided for e-voting. The company will separately intimate the detailed voting results to the stock exchanges as per regulatory requirements.