Incorporation of Subsidiary and Take Note on Resignation of Internal Auditor of the Company

Oswal Greentech Ltd announced the incorporation of a new subsidiary in Dubai, UAE, for Real Estate Development and Property Development, signifying an international business expansion. The company will hold a 95% stake in the subsidiary with an initial investment of AED 40 Million. Concurrently, the company also disclosed the resignation of its internal auditor, M/s Siddharth S. Kothari & Co., citing personal reasons.