Oswal Agro Mills Limited — Others, 14-07-2025: Shareholders meeting

Oswal Agro Mills is conducting a postal ballot to seek shareholder approval for two key proposals. First, the company plans to rescind the previous resolution appointing Mr. Shael Oswal as Managing Director. Instead, shareholders will vote on his appointment as Director (Non-Executive & Non-Independent) and Vice Chairperson for a three-year term, effective June 1. This new role, according to the company, will better utilize his skills. The proposed remuneration is Rs. 2.50 Cr per month, along with perquisites. Due to this significant compensation, which exceeds fifty percent of the total non-executive director remuneration, a separate approval is also sought.