Oswal Agro Mills Limited has made a regulatory disclosure pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure concerns the appointment of three new Additional Non-Executive Independent Directors to the Company's Board.

Key Appointments and Terms

The Board of Directors, based on the recommendation of the Nomination and Remuneration Committee, approved the following appointments by circulation:

1. Mr. Vimal Bhatnagar (DIN: 11089200) appointed as Additional Non-Executive Independent Director for a term of 1 year with effect from June 11, 2026.

2. Ms. Prerna Singh (DIN: 10153909) appointed as Additional Non-Executive Independent Director for a term of 1 year with effect from June 11, 2026.

3. Mr. Babu Ram Somani (DIN: 09517274) appointed as Additional Non-Executive Independent Director for a term of 1 year with effect from June 11, 2026.

All three appointments are subject to approval by shareholders at the ensuing Annual General Meeting.

Director Profiles and Qualifications

Mr. Vimal Bhatnagar holds a Master of Commerce from Himachal University, CFA from ICFAI, Diploma in Business Finance, and Honours Diploma in Network-Centered Computing from NIIT. He started his professional journey in 1994 as self-employed faculty delivering lectures on financial statement preparation, budgeting, and taxation. He is also an independent director at Vegorama Punjabi Angithi Limited, a BSE-listed entity.

Ms. Prerna Singh is a practicing Company Secretary with over 9 years of professional experience in corporate governance, compliance, statutory board advisory. She holds a Bachelor of Commerce (B.Com) from Delhi University and has been in independent practice since April 17, 2017, providing end-to-end secretarial services across sectors. She has served as independent director on boards of listed companies and is currently appointed as Independent Director at AK Infradream Limited.

Mr. Babu Ram Somani is a qualified Chartered Accountant who started his professional journey as a Chartered Accountant, playing a pivotal role in advising industries/businesses engaged in manufacturing, FMCG sector, and import-export houses. He has experience handling matters pertaining to direct and indirect taxation, project finance, data analysis, planning, and compliance.

Compliance and Regulatory Filings

The disclosure includes required information pursuant to:

  • SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 (as amended)
  • BSE circular ref no. LIST/COMP/14/2018-19
  • NSE ref no. NSE/CML/2018/24 dated June 20, 2018

Director Relationships and Compliance Status

All three appointees are confirmed to not be related to any existing director on the Company's Board. Additionally, none of the appointees are debarred from accessing capital markets or restrained from holding director positions in any listed company by virtue of any SEBI or other regulatory authority order.

Financial Impact

No financial impact or quantification is mentioned in the disclosure. The appointments represent governance changes without immediate financial implications.

Effective Date

The appointments are effective from June 11, 2026, pending shareholder approval at the next Annual General Meeting.