Oswal Greentech Limited has reported a strong financial performance for the second quarter, showcasing significant growth in revenue and profitability, while also facing an ongoing legal dispute.

Financial Highlights

The company's unaudited financial results for Q2 reveal impressive year-over-year improvements:

Operational Performance

The company's operational efficiency has shown marked improvement, with EBITDA turning positive and reaching ₹19.00 crore, compared to a loss of ₹2.60 crore in the same quarter last year. This turnaround has resulted in a significant EBITDA margin expansion to 11.10%.

Segment-wise Performance

Oswal Greentech operates in two primary segments:

1. Real Estate: This segment reported revenue of ₹93.14 crore.
2. Investment Activities: The investment segment generated revenue of ₹63.18 crore.

Balance Sheet Strength

As of September 30, 2025, Oswal Greentech maintains a strong financial position:

• Total Assets: ₹2,55,691.59 crore
• Total Equity: ₹2,51,260.95 crore
• Cash and Cash Equivalents: ₹175.94 crore

Legal Dispute

The company is currently involved in a legal dispute regarding interest charges on Inter Corporate Deposits with a borrower. An arbitration award of ₹97.17 crore was passed in favor of the company against its total claim of ₹472.12 crore, resulting in a shortfall of ₹374.95 crore. Oswal Greentech has challenged this arbitration award at the High Court of New Delhi.

Due to the pending legal proceedings, the company has not charged further interest, resulting in interest income and current assets being understated by ₹10.71 crore for the quarter. The auditors provided an unmodified review conclusion with emphasis of matter regarding these disputes.

Management Commentary

Aruna Oswal, Wholetime Director & Chairperson of Oswal Greentech Limited, stated, "Our Q2 results demonstrate the company's resilience and strategic focus. The significant improvement in our EBITDA and overall profitability reflects our commitment to operational excellence and prudent financial management."

Future Outlook

While the company has not provided specific forward-looking statements, the robust Q2 performance suggests a positive trajectory for Oswal Greentech. The company's strong balance sheet and improved operational metrics position it well for potential growth opportunities in both the real estate and investment segments. However, the ongoing legal dispute may impact future financial results and will require continued attention from management.

Note: All financial figures are in Indian Rupees (₹) and 1 crore = 10 million.

Oswal Greentech Limited, a prominent player in the green technology sector, has made significant strides in strengthening its governance structure and compliance framework at its 43rd Annual General Meeting (AGM) held on September 25, 2025. The company's shareholders approved a series of key appointments, signaling a robust approach to corporate leadership and oversight.

New Auditor Appointments

In a move to enhance its financial oversight, Oswal Greentech has appointed M/s. Mehta Chokshi & Shah LLP as its statutory auditors for a five-year term from 2025 to 2030. The firm, with over five decades of experience and a team of 90 professionals including 10 partners, brings a wealth of expertise in audit, tax, and advisory services.

Complementing this, M/s. Jay Mehta & Associates, a peer-reviewed firm of Company Secretaries, has been appointed as the secretarial auditors for the same period. Led by Mr. Jay Mehta, the firm specializes in comprehensive secretarial and corporate compliance services.

Board Expansion with Independent Directors

The AGM also saw the appointment of four new independent directors, each bringing unique expertise to the board:

1. Mrs. Kiran Vohra: An entrepreneur with over 10 years of experience in executive search, Mrs. Vohra is known for her strategic planning and business development skills.

2. Mrs. Isha Deepak Shah: A practicing company secretary with 13 years of experience in corporate compliance, Mrs. Shah specializes in capital raising and corporate restructuring.

3. Mr. Gaurav Chawla: A commerce graduate with extensive experience in sales and marketing within the logistics and warehousing industry.

4. Mr. Umang Kaushik Shah: A chartered accountant with expertise in direct taxation, statutory audits, and regulatory advisory across various sectors.

All four independent directors have been appointed for a five-year term, strengthening the company's board diversity and expertise.

Corporate Governance Enhancements

In addition to these appointments, Oswal Greentech has taken steps to modernize its corporate structure. The company adopted new sets of Memorandum of Association (MOA) and Articles of Association (AOA) to align with the Companies Act, 2013, and current regulatory requirements.

The updated MOA now clearly differentiates between main objects and ancillary objects, while the AOA has been restructured to comply with the latest provisions of the Companies Act, 2013, and SEBI regulations.

Shareholder Engagement

The AGM, conducted through video conferencing, saw active participation from shareholders. The company provided e-voting facilities for all resolutions, ensuring broad-based participation in decision-making.

Oswal Greentech's Chairperson, Mrs. Aruna Oswal, who was reappointed at the AGM, addressed the shareholders and shared insights on the company's business performance for the financial year 2024-25.

These strategic appointments and governance updates underscore Oswal Greentech's commitment to maintaining high standards of corporate governance and positioning itself for future growth in the green technology sector.