Oswal Greentech Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Oswal Greentech Limited reported annual results for FY26 with total income of Rs 10,549.31 lakh (up 13.8% from Rs 9,272.71 lakh in FY25) but recorded a net loss of Rs 6,241.86 lakh compared to profit of Rs 853.21 lakh in FY25. The loss was primarily due to an exceptional item of Rs 10,122.19 lakh representing full provision for Inter-Corporate Deposits (ICD) and real estate advances of Rs 101.22 crore extended to Uppal Chadha Hi-Tech Developers and SAS Servizio Private Limited, which are considered irrecoverable. The statutory auditors Mehta Chokshi & Shah LLP issued a qualified opinion due to uncertainty over ICD and real estate advances totaling Rs 12,267.68 lakh (confirmations not received) and an unfavorable arbitration award where the company received Rs 9,717 lakh against a claim of Rs 47,212.27 lakh. Additionally, the company reported alleged fraudulent conduct by former CFO Mr. Vishnu Prasad Muddana involving Rs 14.58 crore related to a property transaction dispute at Rishra Village, West Bengal.
The qualified auditor opinion, substantial provisions for doubtful advances, and fraud case indicate significant financial and governance risks. The stock may face negative sentiment due to the net loss, auditor concerns about asset recoverability, and legal disputes.