Oswal Greentech Limited

Oswal Greentech Limited

Oswal Greentech Limited announced the incorporation of a new subsidiary in Dubai, UAE, with a proposed initial investment of AED 40 million (approx. INR 90.7 crores). The subsidiary, 95% owned by Oswal Greentech, will focus on real estate and property development, aiming to expand the company's international business presence. Additionally, M/s Siddharth S. Kothari & Co. resigned as the company's internal auditor due to personal reasons.

Oswal Greentech Limited

Oswal Greentech Limited's board has approved the incorporation of a 95%-owned subsidiary in Dubai, UAE, for real estate development and property development, signaling an international expansion strategy. The company plans an initial investment of AED 40 million in this new venture. Concurrently, M/s Siddharth S. Kothari & Co. has resigned as the internal auditor of the company, citing personal reasons.

Oswal Greentech Limited

Aruna Oswal has submitted a disclosure to the Exchange under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This regulation typically mandates promoters to disclose details regarding shares and voting rights that are encumbered. The announcement from Oswal Greentech Limited is a routine compliance filing by a promoter.