Oswal Greentech reports strong profit growth, board reshuffle

Oswal Greentech Limited reported a net profit after tax of ₹853.21 lakh for the financial year ended March 31, 2025, a substantial increase from ₹637.19 lakh in the previous year. Revenue from operations also rose to ₹6,595.76 lakh from ₹5,560.09 lakh. The company’s total assets stand at ₹2,55,731.86 lakh. The real estate segment's total revenue was ₹3,609.02, with investments contributing ₹2,570.37.

The company's 43rd annual general meeting is scheduled for September 25, 2025. Key appointments include Kiran Vohra, Isha Deepak Shah, Gaurav Chawla, and Umang Kaushik Shah as non-executive and independent directors, with terms commencing August 13, 2025, and August 29, 2025, respectively. Aruna Oswal is seeking re-appointment as chairperson and wholetime director.

Several directors have resigned, including Anil Kumar Bhalla as managing director and chief executive effective May 31, 2025. The company also disclosed an ongoing arbitration dispute regarding inter-corporate deposit interest, resulting in an award of ₹97.17 crore against a total claim of ₹472.17 crore, leading to a qualified audit opinion due to understated interest income and current assets.