Annual Report for the Financial Year 2025-26

O S W A L G R E E N T E C H L I M I T E D 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, Mumbai – 400 001. Bandra (East), Mumbai – 400 051. Scrip Code: 539290 Trading Symbol: OSWALGREEN 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 44th 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 44th AGM is also uploaded on the Company's website and can be accessed at https://oswalgreens.com/Annual-Report-return. 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. You are requested to take note of the above. Thanking you, FOR OSWAL GREENTECH LIMITED HARSHENDRA MANDLOI COMPANY SECRETARY & COMPLIANCE OFFICER Encl: as above 7th Floor, Antriksh Bhawan, 22 Kasturba Gandhi Marg, New Delhi-110 001 T: +91-11-23715242, 23322980, 23753652, 23715225 E: oswal@oswalgreens.com W: www.oswalgreens.com Regd. Off.: Near Jain Colony, Vijay Inder Nagar, Daba Road, Ludhiana - 141003 | T: +91-161-2544238 | CIN: L24112PB1981PLC031099 OSWAL GREENTECH LIMITED OSWAL GREENTECH LIMITED COMPANY INFORMATION Corporate Identification No. (CIN): REGISTERED OFFICE L24112PB1981PLC031099 Near Jain Colony, Vijay Inder Nagar, Daba Road, Ludhiana - 141003 (Punjab) BOARD OF DIRECTORS Phone No.: +91-161-5002238 Mrs. Aruna Oswal Email: oswal@oswalgreens.com (Chairperson & Whole-time Director) CORPORATE OFFICE Mr. Shael Oswal 7th Floor, Antriksh Bhawan, (Vice-Chairperson & Director) 22, Kasturba Gandhi Marg, Mr. Vimal Bhatnagar New Delhi-110001 (Non-executive & Independent Director) Phone No.: +91-11-23753652 Mr. Babu Ram Somani STATUTORY AUDITORS (Non-executive & Independent Director) M/s. BGMG & Associates Mr. Rahul Khadriya Chartered Accountants, Delhi (Non-executive & Independent Director) SECRETARIAL AUDITORS Ms. Prerna Singh M/s Anuj Gupta & Associates (Non-executive & Independent Director) Company Secretaries, Haryana CHIEF FINANCIAL OFFICER LISTED AT Mr. Alok Gupta National Stock Exchange of India Limited BSE Limited COMPANY SECRETARY & COMPLIANCE OFFICER Mr. Harshendra Mandloi REGISTRAR & SHARE TRANSFER AGENT Skyline Financial Services Private Limited BANKERS D-153/A, 1st Floor, Okhla Industrial Area, HDFC Bank Limited Phase-1, New Delhi-110020 RBL Bank Limited Ph.: +91-11-40450193-97 IndusInd Bank Limited E-mail: compliances@skylinerta.com Axis Bank Limited Kotak Mahindra Bank Limited CONTENTS Page No. Notice of AGM 03 Directors Report 16 Corporate Governance Report 36 Management Discussion and Analysis 51 Independent Auditor's Report 54 Balance Sheet 65 Statement of Profit & Loss 66 Cash Flow Statement 67 Statement of changes in equity 69 Notes 70 OSWAL GREENTECH LIMITED OSWAL GREENTECH LIMITED Corporate Identification No. (CIN) – L24112PB1981PLC031099 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; +91-11-23715242 | Fax: +91-11-23716276 Website: www.oswalgreens.com | E-mail: oswal@oswalgreens.com NOTICE NOTICE is hereby given that the 44th Annual General Meeting (‘AGM’) of the Members of Oswal Greentech Limited will be held on Tuesday, 29th September, 2026 at 12:30 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 Financial Statements for the financial year ended 31st March, 2026 To receive, consider and adopt the audited standalone Ind AS financial statements of the Company for the financial year ended 31st March, 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 Ind AS financial statements of the Company for the financial year ended 31st March, 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 Mr. Shael Oswal (DIN: 00256956), who retires by rotation To appoint a director in place of Mr. Shael Oswal (DIN: 00256956), 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), Mr. Shael Oswal (DIN: 00256956), who retires by rotation at this Annual General Meeting and, being eligible, has offered himself for re- appointment, be and is hereby re-appointed as a Director of the Company, liable to retire by rotation.” SPECIAL BUSINESS: 3. 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 24th August, 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, 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 44th 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 expedient in connection with or incidental to giving effect to the aforesaid resolution, including but not limited to the filing of necessary e-forms and returns with the Registrar of Companies and to comply with all the requirements in this regard.” 4. Appointment of M/s. BGMG & Associates, C [Showing first 8,000 characters — download PDF for full document]