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.

Oswal Greentech Limited has significantly increased its stake in Oswal Agro Mills Limited (OAML) through a strategic open market transaction. The company acquired a 4.99% stake, equivalent to 66.99 lakh shares, for ₹50.91 crore, bolstering its position and the overall promoter holding in OAML.

Transaction Details

The acquisition, disclosed in a regulatory filing, involves the purchase of approximately 66,99,000 equity shares of Oswal Agro Mills, each with a nominal value of ₹10. This move increases Oswal Greentech's stake in OAML to about 9.98%, as the company already held 66,83,109 equity shares prior to this transaction.

Strategic Implications

This acquisition is seen as a strategic move to reinforce the promoter group's commitment to Oswal Agro Mills and enhance market confidence. While there are no specific operational reasons cited for the acquisition, it is expected to strengthen the promoters' influence and provide greater strategic flexibility within the entity.

Oswal Agro Mills: Company Profile

Oswal Agro Mills Limited, incorporated on December 14, 1979, primarily engages in trading goods and real estate development. The company also lends its surplus funds as interest-bearing inter-corporate deposits. Key financial highlights of OAML include:

• Paid-up share capital: ₹134.23 crore
• Total Income: ₹173.68 crore
• Profit after tax: ₹108.82 crore

Financial Performance

OAML has shown significant fluctuations in its turnover over the past three years:

Promoter Group Shareholding

The promoter and promoter group's interest in Oswal Agro Mills extends beyond Oswal Greentech's stake. Notable shareholdings include:

• Mrs. Aruna Oswal: 5,60,26,460 shares (41.74%)
• Mr. Pankaj Oswal: 74,150 shares (0.06%)
• Mrs. Shallu Jindal: 1,57,500 shares (0.12%)

Regulatory Compliance

Oswal Greentech has assured full compliance with regulatory disclosure requirements related to this change in shareholding. The transaction was conducted at arm's length, adhering to market practices and regulations.

This strategic move by Oswal Greentech underscores the promoter group's confidence in Oswal Agro Mills' future prospects and their commitment to playing a more significant role in the company's direction and growth.