Subsidiary22 Jun 2026, 08:20 pm
Oswal Greentech Incorporates Dubai Subsidiary, Internal Auditor Resigns
AI Summary
Oswal Greentech Ltd announced the incorporation of a new subsidiary in Dubai, UAE, aimed at expanding its international business presence and undertaking real estate development. The company will hold a 95% stake in this subsidiary, with an initial investment of AED 40 Million. Concurrently, the Board of Directors accepted the resignation of its Internal Auditor, M/s Siddharth S. Kothari & Co, due to personal reasons. The board meeting where these decisions were made commenced at 2:00 p.m. IST and concluded at 3:40 p.m. IST on June 22, 2026.
Key Highlights
- Oswal Greentech to establish a subsidiary in Dubai, UAE.
- Subsidiary will focus on real estate development and international expansion.
- Initial investment in the subsidiary set at AED 40 Million.
- Internal auditor, Siddharth S. Kothari & Co, has resigned.
- Resignation of auditor is effective immediately due to personal reasons.
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