Oswal Greentech Limited has informed the Exchange regarding Appointment of Mr Umang Kaushik Shah as Non- Executive Independent Director of the company w.e.f. August 29, 2025.
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Oswal Greentech Limited's board, at its meeting on August 29, 2025, approved the appointment of Mr. Umang Kaushik Shah as an Additional Non-Executive Independent Director for an initial term of 5 years, subject to shareholder approval at the upcoming AGM. Mr. Shah is a Chartered Accountant with around 10 years of experience in direct taxation, statutory audits, and regulatory advisory across manufacturing, chemicals, pharma, and IT sectors. The company confirmed he is not debarred from holding a director position by SEBI or any other authority. Separately, the board approved alterations to the company's Memorandum and Articles of Association to align them with the current Companies Act, 2013 — this is a routine compliance update with no change in the company's principal business activities.
This is a routine governance update with no material impact on operations or shareholders. The new independent director brings audit and tax expertise, while the MOA/AOA changes are purely administrative alignment with current law.