AGM approves Shael Oswal as Managing Director & Vice Chairperson; new statutory and secretarial auditors

Mr. Shael Oswal (Promoter Group) as Managing Director & Vice Chairperson for 3 years from October 1, 2026, with remuneration.

Tue 29 Sep 2026

Managing Director Appointment

Mr. Shael Oswal appointed as Managing Director & Vice Chairperson for 3 years from October 1, 2026

Statutory Auditor

BGMG & Associates appointed for 5-year term (FY2026-27 to FY2030-31)

Secretarial Auditor

Anuj Gupta & Associates appointed for 5 consecutive financial years (FY2026-27 to FY2030-31)

AGM Date

46th AGM held on September 29, 2026

What was approved

Shareholders of Oswal Agro Mills at the 46th Annual General Meeting held on September 29, 2026 at 3:00 P.M. through video conferencing approved five items.

Leadership change

• Mr. Shael Oswal (DIN: 00256956) appointed as Managing Director & Vice Chairperson, with his remuneration approved.
• Date of appointment: October 1, 2026. Term: 3 consecutive financial years.
• He is part of the Promoter Group and is related to Ms. Aruna Oswal, Director & Chairperson.
• Profile: Commerce graduate with over 25 years of experience in setting up manufacturing, real estate and trading organisations in India and the region.
• He is not debarred from holding the office of director by SEBI or any other regulatory authority.

Statutory Auditors

• M/s. BGMG & Associates, Chartered Accountants appointed to fill the casual vacancy caused by the resignation of M/s. Mehta Chokshi & Shah LLP, holding office until the conclusion of the 46th AGM. The Board had appointed them on August 24, 2026 under Section 139(8) of the Companies Act, 2013, on the Audit Committee's recommendation.
• They were also appointed for a fresh term of five consecutive years, from the conclusion of the 46th AGM to the 51st AGM in 2031, covering audits for financial years 2026-27 to 2030-31.
• The firm was founded in 2012 and serves over 100 corporate clients, with work spanning statutory audit under IGAAP, Ind AS and IFRS, tax audit, internal and risk-based audit, due diligence and advisory services.

Secretarial Auditor

• M/s. Anuj Gupta & Associates, Practising Company Secretaries appointed to fill the casual vacancy caused by the resignation of M/s. Jay Mehta & Associates, to conduct the Secretarial Audit for FY2025-26 and hold office up to the conclusion of the 46th AGM. The Board appointed them on July 27, 2026.
• They were also appointed for 5 consecutive financial years, from FY2026-27 to FY2030-31, under Section 204 of the Companies Act, 2013 and Regulation 24A of the Listing Regulations.
• The firm has more than ten years' experience in company secretarial and corporate compliance work.

How to read this

This is a routine post-AGM intimation confirming shareholder approval of board-recommended appointments. The main substantive item is the appointment of a Managing Director from the Promoter family, which formalises leadership at the top. The auditor changes follow resignations of both the earlier statutory auditor and the earlier secretarial auditor, with replacements now confirmed for the casual vacancies and for full five-year terms.

The letter was signed by Ms. Aruna Oswal, Chairperson and Director.

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