Oswal Greentech Limited has informed the Exchange about the passing of resolution through postal ballot and submission of notice of postal ballot
OSWALGREEN · price
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Awaiting price reaction for this filing.
Oswal Greentech Limited has issued a Postal Ballot Notice dated July 10, 2025, seeking shareholder approval through remote e-voting on two resolutions. The first is an Ordinary Resolution to appoint Mr. Shael Oswal (DIN: 00256956) as Director (Non-Executive Non-Independent) and Vice Chairperson, effective from June 1, 2025. Mr. Shael Oswal, a commerce graduate from Delhi University, brings over 24 years of experience in manufacturing, real estate, and trading, and belongs to the promoter Oswal family. The second is a Special Resolution to amend the remuneration of Mrs. Aruna Oswal (Chairperson and Whole-Time Director) by waiving her House Rent Allowance, allowing her to continue using a company-owned residential property at 3, Tilak Marg, New Delhi, instead. The e-voting window runs from July 16, 2025 (9:00 a.m.) to August 14, 2025 (5:00 p.m.), with results expected by August 19, 2025. No change in overall remuneration cost is involved in the second resolution.
Routine governance matter with no material financial impact. Shareholders get to vote on formalising a family member's board appointment and a remuneration restructuring that is cost-neutral for the company. Unlikely to move the stock price.