Oswal Greentech Limited — Others, 21-05-2025: Change in Director(s)

Oswal Greentech Limited has announced a board meeting outcome approving the financial results for the quarter and half-year. The audit report was qualified due to a dispute over interest income on Inter Corporate Deposits, leading the company to withhold ₹4.24 Cr of interest income pending arbitration, which causes an understatement of interest income and current assets by ₹7.51 Cr. Profit after tax was ₹8.53 Cr. Managing Director & CEO Anil Kumar Bhalla is resigning for personal reasons, effective May 31, 2025, and Shael Oswal will join as Additional Director and Vice Chairman from June 1, 2025.