Oswal Greentech Appoints Raj Gupta & Co. as Internal Auditors, Approves Q1 FY27 Results
Oswal Greentech Limited appointed Raj Gupta & Co. as Internal Auditors for FY27. The company approved its Q1 FY27 unaudited financial results, reporting a profit after tax of ₹841.91 Lakhs. Total income was ₹1,864.50 Lakhs. A dispute regarding Inter Corporate Deposits may impact interest income and current assets.
The appointment of a new internal auditor is a standard procedure. The approval of quarterly results is important for investors, and the mention of a significant dispute and potential understatement of assets warrants a medium impact.
The appointment of internal auditors is a routine corporate action. The financial results show a profit for the quarter, but there are also notes about disputes and potential understatement of assets, making the overall sentiment neutral.
Oswal Greentech Limited announced a significant outcome from its Board Meeting held on Friday, August 07, 2026. The Board, based on the recommendation of the Audit Committee, approved the appointment of Raj Gupta & Co. (Chartered Accountants) as the Internal Auditors for the financial year 2026-27.
Furthermore, the Board approved the Unaudited Financial Results for the first quarter ended June 30, 2026, along with the Limited Review Report. These results were reviewed by the Audit Committee prior to the Board meeting. The company will arrange for the publication of 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 reported total income of ₹1,864.50 Lakhs and total expenses of ₹930.31 Lakhs for the quarter. The results also highlight an exceptional item of ₹10,122.19 Lakhs impacting the profit before tax, which stood at ₹934.19 Lakhs. Basic EPS for the quarter was ₹0.33.
In other developments, the Board meeting commenced at 04:00 PM and concluded at 04:20 PM. The company also noted a dispute relating to interest charged on Inter Corporate Deposits, for which arbitration proceedings are ongoing, potentially impacting interest income and current assets by ₹1,059.37 Lakhs.
What to do with a filing like this
Oswal Greentech Limited filed this with the NSE as a statutory disclosure, categorised under auditor changes. 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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See the model portfoliosA plain-language summary of a public exchange filing by Oswal Greentech Limited. Read the original for the full detail.