Oswal Greentech Ltd

Oswal Greentech Limited has announced the resignation of its statutory auditor, M/s. Mehta Chokshi & Shah LLP. The resignation is effective from August 11, 2026. The auditors cited "constraints relating to audit fees" as the reason for their departure, stating that their fee proposal for the financial year 2026-27 was not approved by the company. They emphasized that this is a business decision based solely on non-agreement on fees and that there are no other circumstances to report. The company will need to appoint a new statutory auditor to fill the vacancy.

Oswal Greentech Limited announced the resignation of its statutory auditor, M/s. Mehta Chokshi & Shah LLP. The resignation is effective from August 11, 2026. The auditor cited a disagreement over audit fees, stating that the company did not approve their fee proposal for the financial year 2026-27, which was not commensurate with the scope and professional responsibility involved. The firm has confirmed that this is a business decision solely due to non-agreement on fees and there are no other circumstances to report. Oswal Greentech will need to appoint a new statutory auditor to fill the vacancy.

Oswal Greentech Limited has announced the resignation of its statutory auditor, M/s. Mehta Chokshi & Shah LLP. The resignation is effective from August 11, 2026. The auditor cited 'constraints relating to audit fees' as the reason for their departure, stating that the company did not approve their fee proposal for the financial year 2026-27. The firm emphasized that this is a business decision based solely on non-agreement on remuneration and not due to any other circumstances. Oswal Greentech Limited will need to appoint a new statutory auditor to fill the vacancy.

Oswal Greentech Limited's Board of Directors convened on August 7, 2026, approving the unaudited financial results for the first quarter ended June 30, 2026. The board also appointed Raj Gupta & Co. as the company's internal auditor for the financial year 2026-27, based on the recommendation of the Audit Committee. The financial results have undergone a limited review by the Audit Committee prior to board approval. The company will publish these results in newspapers and on its website as per SEBI regulations.

Oswal Greentech Limited announced the appointment of Raj Gupta & Co. (Chartered Accountants) as its Internal Auditor for the financial year 2026-27. The decision was approved by the Board of Directors on August 07, 2026, based on the recommendation of the Audit Committee. The firm, established in 1976, has extensive experience in various audit and advisory services across multiple industries. The company also approved the unaudited financial results for the first quarter ended June 30, 2026, along with the limited review report.

Oswal Greentech's only reported financial statement this quarter is standalone (no consolidated statement is presented, since the proposed Dubai subsidiary is still being incorporated). Standalone PAT for Q1 FY27 came in at ₹8.42 Cr, up 26.4% YoY from ₹6.66 Cr in Q1 FY26 (EPS ₹0.33 vs ₹0.26, not annualised). Revenue from operations — flat sales from the Centra Greens residential project in Ludhiana — was just ₹4.71 Cr, down 61.6% YoY and 56.3% QoQ, reflecting the lumpy, project-linked nature of the company's small real-estate business rather than a demand slowdown per se. Sequentially the company swung from a reported loss of ₹83.16 Cr in Q4 FY26 to this quarter's profit, but that loss was entirely a one-off: Q4 FY26 carried a ₹101.22 Cr exceptional charge tied to an adverse Inter-Corporate Deposit (ICD) arbitration outcome, with no exceptional item in either Q1 FY27 or Q1 FY26 — so the clean YoY comparison (+26.4% PAT, no adjustment needed on either side) is the number that matters, not the QoQ swing. Profitability is being carried by investment/other income rather than the operating real-estate book: other income of ₹13.94 Cr was nearly 3x revenue from operations, pushing net margin (PAT/total income) to 45.2% versus 24.1% a year ago — a genuine expansion, though driven by portfolio/interest income mix rather than operating leverage in the core business. That other-income line is itself understated: the auditors flag that the company has stopped accruing interest on the disputed ICD, pending its Delhi High Court appeal of a ₹97.17 Cr arbitration award against a ₹472.12 Cr claim (a ₹374.95 Cr shortfall), understating other income and current assets by ₹10.59 Cr this quarter — so reported margins are, if anything, conservative. There is no prior guidance or concall commentary in the record to grade this print against, and management issued no separate press release — the filing's own notes (the arbitration status, and a note that the board approved a wholly-owned Dubai LLC subsidiary on 17 June 2026, to be capitalised with AED 40 million and still under incorporation) are the only management commentary available. No brokerage coverage or consensus estimate could be found for this quarter, consistent with this being a small, thinly covered promoter-controlled holding company (~₹500-550 Cr market cap per recent quote) rather than a name Street actively models. The quarter also saw a leadership reshuffle unrelated to the print itself: a new CFO (Alok Gupta, effective July 1) and a new Company Secretary and independent director alongside a secretarial auditor resignation (both in the July 20-27 window) — none of which show up in these numbers but are worth tracking into Q2. Going forward, the two swing factors are the ICD arbitration appeal outcome (which determines whether the understated interest income gets recognised, and the fate of the ₹374.95 Cr claim shortfall) and the pace of Centra Greens flat sales, which drove this quarter's steep revenue decline.

Oswal Greentech Ltd has announced that its Board of Directors will convene on August 7, 2026. The primary agenda item is to consider and approve the Un-audited Financial Results for the first quarter ended June 30, 2026, along with the Limited Review Report from the Statutory Auditors. Concurrently, the company will maintain a closed trading window for designated persons and their relatives from July 1, 2026, until 48 hours after the financial results are declared, in compliance with SEBI regulations on insider trading.

Oswal Greentech Limited announced key management changes following a Board of Directors meeting on July 27, 2026. Mr. Harshendra Mandloi has been appointed as the new Company Secretary and Compliance Officer. Additionally, Mr. Rahul Khadriya was appointed as an Additional Independent Director for a five-year term, subject to shareholder approval. The company also appointed M/s Anuj Gupta & Associates as Secretarial Auditor for two terms: to fill a casual vacancy for FY 2025-26 and for a new five-year term from FY 2026-27 to FY 2030-31. These appointments aim to strengthen the company's secretarial and compliance functions.

Oswal Greentech Limited announced key management changes following a Board of Directors meeting held on July 27, 2026. The company approved the appointment of Mr. Harshendra Mandloi as the new Company Secretary & Compliance Officer, replacing Mrs. Purva Jhanwar. Additionally, Mr. Rahul Khadriya was appointed as an Additional Director (Independent) for a term of five years, subject to shareholder approval. The Board also appointed M/s Anuj Gupta & Associates as Secretarial Auditors for the remainder of FY2025-26 and for a subsequent five-year term starting FY2026-27.

Oswal Greentech Ltd has announced the resignation of its Secretarial Auditors, M/s. Jay Mehta & Associates, effective June 20, 2026. The auditors were appointed for a five-year term from FY 2025-26 to 2029-30. The resignation letter cites frequent changes in the Board of Directors and Key Managerial Personnel (KMPs) as the reason. The company's Audit Committee and Board will consider appointing new Secretarial Auditors in due course.