Oswal Agro Mills Limited (OAML) held its 45th Annual General Meeting (AGM) on September 25, 2025, marking a significant milestone in the company's corporate governance structure. Shareholders approved several key resolutions, including the adoption of a new Memorandum of Association (MOA) and Articles of Association (AOA), aligning the company with the Companies Act 2013.

Governance Updates

The company's existing MOA and AOA, previously based on the Companies Act 1956, have been comprehensively revised to comply with the current regulatory framework. Key changes in the MOA include:

• Restructuring of the object clause into main and ancillary objects
• Addition of a new sub-clause allowing trading and investing in financial instruments, including derivatives
• Updating the liability clause to specify that member liability is limited to unpaid share amounts

The AOA has been aligned with the Companies Act 2013, SEBI regulations, and Secretarial Standards, streamlining corporate procedures and enhancing transparency.

Board Appointments

Shareholders approved several appointments to strengthen the company's leadership:

• Mr. Gulshan Chamanlal Vohra, Mr. Swapneel Vinod Patel, and Ms. Larly Nitin Bahl were appointed as Non-Executive Independent Directors for a five-year term starting August 13, 2025.
• Mrs. Aruna Oswal's directorship was continued in compliance with SEBI regulations.

Auditor Appointments

The AGM also saw the appointment of new auditors:

• M/s Mehta Chokshi & Shah LLP as Statutory Auditors for a five-year term until the 50th AGM in 2030.
• M/s Jay Mehta & Associates as Secretarial Auditors for a five-year term from FY 2025-26 to FY 2029-2030.

Meeting Proceedings

The AGM, conducted through video conferencing, commenced at 3:00 PM IST and concluded at 3:23 PM IST. E-voting facilities were provided to shareholders before and during the meeting to ensure maximum participation in the decision-making process.

These comprehensive changes and appointments reflect Oswal Agro Mills' commitment to maintaining robust corporate governance practices and adapting to evolving regulatory requirements in the Indian corporate landscape.

Oswal Agro Mills Limited , a promoter group entity, has seen a significant increase in its ownership structure as Oswal Greentech Limited substantially increased its stake through a share acquisition. The transaction, which took place on August 22, 2025, marks a notable shift in the company's shareholding pattern.

Key Highlights of the Acquisition

• Shares Acquired: Oswal Greentech purchased 66,99,000 equity shares of Oswal Agro Mills Limited.
• Acquisition Percentage: The acquired shares represent 4.99% of Oswal Agro Mills' total equity.
• Transaction Method: The shares were acquired through open market transactions.
• Shareholding Impact: Oswal Greentech's stake in Oswal Agro Mills increased from 4.98% to 9.97%.
• Total Shares Held: Post-acquisition, Oswal Greentech's shareholding rose from 66,83,109 to 1,33,82,109 shares.

Details of the Transaction

The acquisition has been formally disclosed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulatory filing provides transparency to the market regarding the significant change in ownership.

About Oswal Agro Mills Limited

Oswal Agro Mills Limited, the target company of this acquisition, has an equity share capital structure as follows:

Both Oswal Greentech Limited and Oswal Agro Mills Limited are listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), ensuring wide market accessibility and liquidity for investors.

Implications of the Acquisition

This substantial increase in Oswal Greentech's stake in Oswal Agro Mills could potentially influence the latter's strategic direction and decision-making processes. As a member of the promoter group, Oswal Greentech's enhanced position may lead to closer alignment between the two companies' operations and objectives.

The market will likely watch closely for any subsequent changes in Oswal Agro Mills' management or business strategies following this significant shift in ownership structure.