Annual Report for FY 2025-26

Oswal Agro Mills Limited September 04, 2026 BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th Floor, Plot No. C/1, Dalal Street, Fort, Block G, Bandra-Kurla Complex, Scrip Code: 500317 Trading Symbol: OSWALAGRO Mumbai – 400 001. Bandra (East), Mumbai – 400 051. Sub: Annual Report for the Financial Year 2025-26 Ref: Regulation 34(1) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘Listing Regulations’) Dear Sir/Ma’am, Pursuant to Regulation 34(1) of the Listing Regulations, we are submitting herewith Annual Report of the Company for the Financial Year 2025-26 along with the Notice of the 46 Annual General Meeting of the Company, which is being sent to the Members, who have registered their e-mail addresses with the Company/Depositories/ RTA, through electronic mode. The Annual Report including notice of 46 AGM is also uploaded on the Company's website and can be accessed at www.oswalagromills.com. Further, in compliance with Regulation 36(1)(b) of the Listing Regulations, a letter providing the web-link, including the exact path, where complete details of the aforesaid documents are available, is being sent to those shareholders who have not registered their email IDs. FOR OSWAL AGRO MILLS LIMITED Thanking you, SRISHTI AGRAWAL COMPANY SECRETARY & COMPLIANCE OFFICER Encl: Annual Report 7th Floor, Antriksh Bhawan, 22 Kasturba Gandhi Marg, New Delhi-110 001 T: +91-11-23715242, 23322980, 23753652, 23715225 E: oswal@oswalagromills.com W: www.oswalagromills.com Regd. Off.: Near Jain Colony, Vijay Inder Nagar, Daba Road, Ludhiana -141003 | T: +91-161-2544238 |CIN: L15319PB1979PLC012267 OSWAL AGRO MILLS LIMITED OSWAL AGRO MILLS LIMITED COMPANY INFORMATION Corporate Identification No. (CIN): REGISTERED OFFICE L15319PB1979PLC012267 Near Jain Colony, Vijay Inder Nagar, Daba Road, Ludhiana-141003 (Punjab) BOARD OF DIRECTORS Phone No. +91-161-5002238 Mrs. Aruna Oswal Email ID: oswal@oswalagromills.com (Chairperson & Non-executive Director) HEAD OFFICE Mr. Shael Oswal 7th Floor, Antriksh Bhawan, (Vice-Chairperson & Non-executive Director) 22, Kasturba Gandhi Marg, New Delhi-110001 Mr. Vimal Bhatnagar Phone No. +91-11-23753652 (Non-executive & Independent Director) Website: www.oswalagromills.com Mr. Rahul Khadriya STATUTORY AUDITORS (Non-executive & Independent Director) M/s Mehta Chokshi & Shah LLP Ms. Prerna Singh Chartered Accountants, Mumbai (Non-executive & Independent Director) SECRETARIAL AUDITORS Mr. Babu Ram Somani M/s Anuj Gupta & Associates (Non-executive & Independent Director) Company Secretaries, Delhi CHIEF FINANCIAL OFFICER LISTED AT Mr. Vikas R Sharma BSE Limited National Stock Exchange of India Limited COMPANY SECRETARY & COMPLIANCE OFFICER Ms. Srishti Agrawal REGISTRAR & SHARE TRANSFER AGENT Skyline Financial Services Pvt. Ltd. BANKERS D-153/A, 1st Floor, Okhla Industrial Area, HDFC Bank Limited Phase-I, New Delhi-110020 RBL Bank Limited Phone No. +91-11-40450193-97 IndusInd Bank Email ID: compliances@skylinerta.com Axis Bank Kotak Mahindra Bank CONTENTS Page No. Notice of AGM 03 Directors' Report & Annexures thereto 22 Statement containing salient features of the Financial Statements of Associate (AOC-1) 43 Report on Corporate Governance 44 Management Discussion and Analysis 59 Independent Auditor's Report 63 Balance Sheet 72 Statement of Profit & Loss 73 Cash Flow Statement 74 Statement of changes in equity 76 Notes 77 Independent Auditor's Report on Consolidated Financial Statements 110 Consolidated Financial Statement 117 OSWAL AGRO MILLS LIMITED OSWAL AGRO MILLS LIMITED Corporate Identification No. (CIN) L15319PB1979PLC012267 Registered Office: Near Jain Colony, Vijay Inder Nagar, Daba Road, Ludhiana 141003 (Punjab) Corporate Office: 7th Floor, Antriksh Bhawan, 22, Kasturba Gandhi Marg, New Delhi 110001 Phone: +91-161-5002238; +91-11-23753652 | Fax: +91-11-23716276 Website: www.oswalagromills.com | E-mail: cs@oswalagromills.com NOTICE NOTICE is hereby given that the 46th Annual General Meeting (AGM) of the Members of Oswal Agro Mills Limited will be held on Tuesday, September 29, 2026 at 03:00 P.M. (IST) through Video Conferencing (“VC”) / Other Audio-Visual Means (“OAVM”), for which purpose the Registered Office of the Company situated at Near Jain Colony, Vijay Inder Nagar, Daba Road, Ludhiana 141003 (Punjab) shall be deemed as the venue for the Meeting and the proceedings of the AGM shall be deemed to be made thereat, to transact the following business: ORDINARY BUSINESS: 1. Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026 To receive, consider and adopt the audited standalone and Consolidated Ind AS financial statements of the Company for the financial year ended March 31, 2026, and the reports of the Board of Directors and Auditors thereon, and in this regard, to consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT the audited standalone and Consolidated Ind AS financial statements of the Company for the financial year ended March 31, 2026, together with the reports of the Board of Directors and the Auditors thereon, as circulated to the Members, be and are hereby considered and adopted.” 2. Re-appointment of Mrs. Aruna Oswal (DIN: 00988524), who retires by rotation To appoint a Director in place of Mrs. Aruna Oswal (DIN: 00988524), who retires by rotation and, being eligible, seeks re-appointment, and in this regard, to consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 152 and other applicable provisions, if any, of the Companies Act, 2013 read with the rules made thereunder (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force), Mrs. Aruna Oswal (DIN: 00988524), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 at this Annual General Meeting and being eligible has offered herself for re-appointment, be and is hereby re-appointed as a Director of the Company, liable to retire by rotation.” SPECIAL BUSINESS: 3. Regularisation of appointment of M/s. BGMG & Associates, Chartered Accountants, as Statutory Auditors of the Company to fill the casual vacancy To consider and, if thought fit, to pass the following resolution as an Ordinary Resolution: “RESOLVED THAT pursuant to the provisions of Section 139(8) and other applicable provisions, if any, of the Companies Act, 2013 (“the Act”) read with the Companies (Audit and Auditors) Rules, 2014 (including any statutory modification(s) or re-enactment(s) thereof, for the time being in force) and pursuant to the recommendation of the Audit Committee, the appointment of M/s. BGMG & Associates, Chartered Accountants (Firm Registration No. 025265N), as the Statutory Auditors of the Company, made by the Board of Directors at its meeting held on August 24, 2026 to fill the casual vacancy caused by the resignation of M/s. Mehta Chokshi & Shah LLP, Chartered Accountants, Mumbai (Firm Registration No. 106201W/W100598), the erstwhile Statutory Auditors of the Company, be and is hereby approved and confirmed by the Members of the Company, at such remuneration plus applicable taxes and reimbursement of out-of-pocket expenses incurred in connection with the audit if any, as may be determined and recommended by the Audit Committee in consultation with the Statutory Auditors and approved by the Board of Directors of the Company, and that M/s. BGMG & Associates shall hold office as the Statutory Auditors of the Company until the conclusion of this 46th Annual General Meeting. RESOLVED FURTHER THAT the Board of Directors of the Company and/or any Key Managerial Personnel of the Company be and are hereby severally authorised to do all such acts, deeds, matters and things as may be considered necessary, desirable or expedien [Showing first 8,000 characters — download PDF for full document]