Letter Attached.
Awaiting price reaction for this filing.
Oswal Overseas Limited has responded to a BSE query about its earlier September 6, 2025 announcement. The company confirmed that a financial creditor, L H Sugar Factories Limited, has filed an application before the NCLT (New Delhi bench) seeking initiation of Corporate Insolvency Resolution Process (CIRP) against Oswal Overseas. The matter is currently pending before the NCLT for admission or rejection, with no hearings held yet (NCLT filing number 0710102076792025). The company has undertaken to keep the stock exchange updated once any order is passed.
This is a highly negative development for shareholders. While CIRP has not yet been admitted, the existence of a pending insolvency petition by a financial creditor signals serious financial distress. If the NCLT admits the petition, the company could face restructuring, management change, or even liquidation, which would likely have a severe negative impact on the stock price.