Company and Scrip Details

  • Trading Symbol (NSE): OSWALGREEN

Date and Type of Meeting

  • Meeting Type: Postal Ballot (remote e-voting only)
  • Cut-off Date for Eligibility: July 31, 2026

Proposed Resolutions and Implications

The notice contains four special resolutions for shareholder approval:

1. Appointment of Mr. Vimal Bhatnagar (DIN: 11089200) as an Independent Director (Non-Executive) for a term of 1 year commencing from June 11, 2026.

2. Appointment of Ms. Prerna Singh (DIN: 10153909) as an Independent Director (Non-Executive) for a term of 1 year commencing from June 11, 2026.

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

4. Appointment of Mr. Rahul Khadriya (DIN: 03578394) as an Independent Director (Non-Executive) for a term of 5 consecutive years commencing from July 27, 2026.

All directors are proposed to be appointed as Non-Executive Independent Directors not liable to retire by rotation. They will be entitled to sitting fees for attending Board and Committee meetings within prescribed limits, plus reimbursement of expenses, but no stock options.

Voting Process and Methods

The voting will be conducted exclusively through remote e-voting:

  • Service Provider: National Securities Depository Limited (NSDL)
  • Voting Period: From 09:00 AM on August 07, 2026, to 05:00 PM on September 06, 2026
  • Cut-off Date: July 31, 2026 (for determining eligibility)
  • The notice was sent electronically to members whose email addresses are registered with their depository participants or the company's RTA.

Scrutinizer Appointment

The Board has appointed M/s Anuj Gupta & Associates, Practicing Company Secretaries (FRN: S2015DE314800), represented by Mr. Anuj Gupta (Membership No. A31025), as the Scrutinizer to conduct the postal ballot process in a fair and transparent manner.

Result Declaration Timeline

The Scrutinizer will submit the report to the Chairman after completion of scrutiny. The results will be announced on or before September 08, 2026 (within two working days from the conclusion of e-voting). The results will be displayed on the company's website (www.oswalgreens.com) and communicated to stock exchanges, depositories, and the RTA.

Compliance with Laws and Regulations

The notice confirms compliance with:

  • Sections 108 & 110 of the Companies Act, 2013
  • Rule 20 and 22 of the Companies (Management and Administration) Rules, 2014
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • MCA General Circular Nos. 14/2020, 17/2020, and 03/2025
  • Secretarial Standard on General Meetings (SS-2) issued by ICSI

Additional Director Information

The explanatory statement provides detailed profiles of each director candidate:

Mr. Vimal Bhatnagar: M.Com, CFA, with experience since 1994 in finance teaching and advisory. Currently serves as Independent Director of Vegorama Punjabi Angithi Limited (BSE-listed).

Ms. Prerna Singh: Practicing Company Secretary with over 9 years of experience in corporate governance and compliance. Currently serves as Independent Director of AK Infradream Limited.

Mr. Babu Ram Somani: Chartered Accountant with expertise in advising manufacturing, FMCG, and import-export businesses on taxation and finance matters.

Mr. Rahul Khadriya: Company Secretary (FCS, LLB) with over 15 years of experience in corporate advisory, secretarial audit, and restructuring matters. Managing Partner of M/s SRC & Co.

All directors have provided necessary declarations and consents as required under the Companies Act, 2013 and SEBI Listing Regulations, including confirmation of meeting independence criteria.