Oswal Greentech Limited has informed the Exchange regarding Resignation of Ms Oswal Sunil and Company as Other of the company w.e.f. August 07, 2025.
OSWALGREEN · price
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Oswal Greentech Limited has informed the exchanges that M/s Oswal Sunil & Company, Chartered Accountants (Firm Registration No. 016520N), has resigned as the company's Statutory Auditors with effect from August 7, 2025. The auditor was originally appointed at the 40th AGM in September 2022 for a 5-year term ending with the 45th AGM in 2027, so this is a mid-term exit. According to the auditor's resignation letter, the reason is purely commercial — they had asked the company to revise their audit fees for FY 2025-26 (letter dated May 20, 2025), but the current fee structure was found unviable given the effort and cost of conducting the audit. The auditor confirmed that there are no disputes, no concerns about management, and no suppression of information. The company must now appoint a new auditor and file Form ADT-3 with the Registrar of Companies.
The exit is fee-related and not driven by any governance red flag, which limits the negative impact. However, shareholders should watch for timely appointment of a replacement auditor, as a prolonged vacancy could create compliance and audit-continuity concerns. No immediate material effect on earnings or operations is expected.