Oswal Greentech Appoints Internal Auditor, Approves Q1 FY27 Unaudited Results
Oswal Greentech Limited's Board approved the appointment of Raj Gupta & Co. as Internal Auditors for FY27. They also approved Q1 FY27 unaudited results, showing a profit after tax of ₹841.91 Lakhs. Basic EPS was ₹0.33. A dispute impacts interest income by ₹1,059.37 Lakhs.
The appointment of an internal auditor is a standard compliance requirement. The approval of quarterly results provides financial updates. However, the ongoing dispute and its impact on reported income introduce a layer of uncertainty, warranting a medium impact assessment.
The appointment of an internal auditor and approval of quarterly results are routine corporate actions. The financial results show a profit but are accompanied by a note regarding a dispute impacting income, balancing the overall sentiment to neutral.
Oswal Greentech Limited announced the outcome of its Board Meeting held on August 07, 2026. The Board, based on the Audit Committee's recommendation, approved the appointment of Raj Gupta & Co. (Chartered Accountants) as the Internal Auditors for the financial year 2026-27.
The Board also approved the Unaudited Financial Results for the first quarter ended June 30, 2026, along with the Limited Review Report. These results were previously reviewed by the Audit Committee. The company will publish these results in newspapers and on its website as per SEBI regulations.
The financial results for the quarter ended June 30, 2026, show a profit after tax of ₹841.91 Lakhs. The company's total income for the quarter was ₹1,864.50 Lakhs, with total expenses amounting to ₹930.31 Lakhs. The basic and diluted Earnings Per Share (EPS) for the quarter stood at ₹0.33.
Key notes from the financial results include a dispute regarding interest charged on Inter Corporate Deposits, where the company is contesting an arbitration award in the High Court of New Delhi. This has led to an understatement of interest income and current assets by ₹1,059.37 Lakhs for the quarter. The company also previously approved the establishment of a wholly-owned subsidiary in Dubai, UAE, with an investment of AED 40 Million, with incorporation formalities underway.
The Board Meeting commenced at 04:00 P.M. and concluded at 04:20 P.M.
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Oswal Greentech Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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