Oswal Greentech Limited , a prominent player in the Indian business landscape, has announced a significant change in its leadership team. Vipin Kumar Vij, the company's Chief Financial Officer (CFO), has tendered his resignation, citing personal commitments that require his full attention.

Key Details of the Resignation

• Effective Date: December 5, 2025
• Notice Period: One month (as per company rules)
• Reason: Personal commitments requiring full attention
• Tenure: Vij has been with the company since April 2014

Impact on Company Structure

Following Vij's departure, he will cease to be a Key Managerial Personnel under the Companies Act, 2013. This change in the company's financial leadership may impact its strategic financial planning and execution in the short term.

Company's Response

Oswal Greentech Limited has promptly notified the stock exchanges about this leadership change, adhering to regulatory requirements. The company's swift communication demonstrates its commitment to transparency with its shareholders and the market at large.

Looking Ahead

As Oswal Greentech prepares for this transition, the company may begin the process of identifying a suitable successor to ensure a smooth handover of financial responsibilities. Stakeholders will likely be interested in how this change might influence the company's financial strategy and performance in the coming quarters.

This development comes at a time when companies across sectors are experiencing shifts in their leadership teams. For Oswal Greentech, the focus will be on maintaining financial stability and strategic continuity as they navigate this change in their top financial position.

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.