The Exchange had sought clarification from Oswal Agro Mills Limited for the quarter ended 31-Mar-2025 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: -1. Financial results submitted is not as per format prescribed by SEBI The response of the Company is enclosed.
OSWALAGRO · price
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Oswal Agro Mills responded to an NSE query about why the Statement on Impact of Audit Qualifications for Q4 and FY ended March 31, 2025 was not signed by the CFO. The company explained that CFO Vishnu Prasad Muddana was on medical leave on the day of the board meeting (May 21, 2025), so the document had to be filed within the SEBI-prescribed 30-minute/24-hour window without his signature. The statement was duly signed by the CEO, Chairman of the Audit Committee, and the Statutory Auditors, meeting most of the SEBI requirement. Additionally, the company disclosed that Mr. Muddana resigned as CFO on July 7, 2025 citing personal reasons, and his resignation letter was attached.
This is a minor procedural compliance issue with no financial or penalty implications disclosed — the company has provided a reasonable explanation (medical leave) and the document was signed by other key signatories. The CFO resignation is a leadership change worth noting, though framed as personal; investors should watch for appointment of a new CFO and any further governance clarifications from the exchange.