Oswal Agro Mills Limited has informed the Exchange regarding Notice of Postal Ballot in pursuance of Regulation 30 of SEBI Listing Regulations, 2015.
OSWALAGRO · price
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Oswal Agro Mills Limited has issued a Postal Ballot Notice dated February 25, 2026, seeking shareholder approval through remote e-voting (NSDL) from March 6, 2026 to April 4, 2026 (cut-off date: February 27, 2026). Two special resolutions are proposed: (1) Appointment of Ms. Shreya Choudhary (DIN: 11469420), a Chartered Accountant aged 23, as Whole-time Director and CEO for 3 years effective January 7, 2026, with a monthly remuneration of Rs. 5,00,000; (2) Approval of annual remuneration of Rs. 25,00,000 per month to Mr. Shael Oswal (Non-Executive Director & Vice Chairperson) for FY 2026-27, which exceeds 50% of total remuneration payable to all Non-Executive Directors as required under SEBI Regulation 17(6)(ca). The company's financials show a sharp jump in FY24-25 with revenue of Rs. 16,176.69 lakhs and PAT of Rs. 10,882.44 lakhs (EPS Rs. 8.11), compared to Rs. 186.73 lakhs revenue and Rs. 175.36 lakhs PAT in FY23-24.
Shareholders need to vote on the appointment of a young CEO and a significant remuneration package to the Vice Chairperson before April 4, 2026. The CEO appointment brings a finance-focused leadership, while the Oswal family-linked director's remuneration requires annual shareholder approval, signalling concentration of compensation at the top.