Oswal Agro Mills Sets AGM for September 2026

Revenue reported at Rs 19.26 crore for FY 25-26; Profit after Tax at Rs 8.62 crore.

Reader Takeaway: Management transition and auditor changes are key agenda items; financial performance shows a sharp year-over-year contraction.

What just happened

Oswal Agro Mills Limited has issued the notice for its 46th Annual General Meeting (AGM) to be held on September 29, 2026. The meeting will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Shareholders will vote on the adoption of financial statements, the appointment of auditors, and the formal appointment of a new Managing Director.

Board and Management Update

The company has proposed Mr. Shael Oswal as Managing Director and Vice Chairperson for a three-year term starting October 1, 2026. Mr. Oswal, a member of the promoter group, will receive a remuneration of Rs 12.50 lakh per month. Since he is a Non-Resident Indian and does not currently meet the 12-month residency requirement under the Companies Act, the appointment is subject to Central Government approval.

Auditor Changes

The company is transitioning its audit leadership. Following the resignation of M/s. Mehta Chokshi & Shah LLP, M/s. BGMG & Associates has been appointed as the new statutory auditor. Additionally, M/s. Anuj Gupta & Associates has been appointed as the new secretarial auditor following the resignation of M/s. Jay Mehta & Associates.

Financial Context

Oswal Agro Mills reported a significant decline in its key financial indicators for the 2025-26 fiscal year. Revenue from operations dropped to Rs 19.26 crore from Rs 161.77 crore in the previous year. Profit after tax also saw a contraction, falling to Rs 8.62 crore from Rs 108.82 crore in FY 2024-25, resulting in an EPS of Rs 0.64.