Oswal Agro Mills logo

Oswal Agro Mills MD, chairman, board of directors and AGM

NSE: OSWALAGROBSE: 500317Commercial Services & SuppliesSmall Cap

Last close ₹32.31down ₹3.74 (10.37%)BSE ₹32.54

Share price at the NSE close on 23 Oct 2026. Previous close ₹36.05.

52-week range of traded prices to 23 Oct 2026
₹31.15Low, 14 Oct 2026₹81.00High, 3 Nov 2025
Market cap
₹434 Cr1,733rd largest listed
P/E
Lossover the last 12 months
P/B
0.5
Dividend yield
Nonein the last 12 months
ROE
−3.7%
ROE without one-offs
−3.1%
ROCE
−1.9%
Debt to equity
0.00
Volume, NSE
2,29,99682.0% delivered

Oswal Agro Mills board of directors

At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonAruna Oswal

6 directors4 independent2 non-executive

  • Aruna Oswal · ChairpersonNon-executive · joined Apr 2016 · 2 listed boards · 4 committee seats
  • Shael OswalNon-executive · joined Jun 2025 · 2 listed boards
  • Vimal BhatnagarIndependent · joined Jun 2026 · 3 months as independent · 3 listed boards · 3 as independent · 6 committee seats, 3 as chair
  • Babu Ram SomaniIndependent · joined Jun 2026 · 3 months as independent · 3 listed boards · 3 as independent · 3 committee seats, 1 as chair
  • Prerna SinghIndependent · joined Jun 2026 · 3 months as independent · 2 listed boards · 2 as independent · 2 committee seats, 2 as chair
  • Rahul KhadriyaIndependent · joined Jul 2026 · 2 months as independent · 2 listed boards · 2 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

9 directors who left
  • Gulshan Chammanlal Vohra, left 11 Jun 2026: Others
  • Larly Nitin Bahl, left 11 Jun 2026: Others
  • Swapneel Vinod Patel, left 11 Jun 2026: Others
  • Shreya Choudhary, left 7 May 2026: Others
  • Narinder Kumar, left 8 Oct 2025: Others
  • Himanshu Agarwal, left 19 Aug 2025: Others
  • Dhiraj Gupta, left 19 Aug 2025: Others
  • Anil Kumar Bhalla, left 31 May 2025: Others
  • Mohinder Pal Singh, left 23 May 2025: Others

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 24 Aug 20266 of 6 present4 independent · 16 days in between
    • 7 Aug 20266 of 6 present4 independent · 10 days in between
    • 27 Jul 20265 of 5 present3 independent · 34 days in between
    • 22 Jun 20264 of 5 present3 independent · 26 days in between
    2 earlier meetings
    • 26 May 20263 of 6 present2 independent · 53 days in between
    • 2 Apr 20263 of 6 present2 independent

  • Audit Committee

    Chair Vimal Bhatnagar

    Aruna Oswal, Babu Ram Somani

    • 24 Aug 20263 of 3 present2 independent · 16 days in between
    • 7 Aug 20263 of 3 present2 independent · 10 days in between
    • 27 Jul 20263 of 3 present2 independent · 61 days in between
    • 26 May 20263 of 4 present2 independent

  • Nomination and remuneration committee

    Chair Vimal Bhatnagar

    Aruna Oswal, Babu Ram Somani

    • 7 Aug 20263 of 3 present2 independent · 10 days in between
    • 27 Jul 20263 of 3 present2 independent

  • Stakeholders Relationship Committee

    Chair Prerna Singh

    Aruna Oswal, Vimal Bhatnagar

    • 27 Jul 20262 of 3 present2 independent
    • 15 May 20262 of 3 present2 independent

  • Corporate Social Responsibility Committee

    Chair Vimal Bhatnagar

    Aruna Oswal, Babu Ram Somani

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • M/s Mehta Chokshi & Shah LLPPeer-review certificate valid to Mar 2027
1 earlier auditor
  • Oswal Sunil & Co.Named in the filing for the quarter to Mar 2025

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Oswal Agro Mills AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Oswal Agro Mills share news and announcements

Annual general meeting, 29 Sep 2026

1,85,373 shareholders on the register on 22 Sep 2026; present: 3 promoters and 66 others; votes counted by Anuj Gupta / Anuj Gupta & Associates.The company's voting result (opens in a new tab)

  1. Adoption of Audited Standalone and Consolidated Financial Statements for the financial year ended March 31, 2026
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 55.82% · promoters 99.71% · institutions 0.87% · other public 8.56%

  2. Re-appointment of Mrs. Aruna Oswal (DIN: 00988524), who retires by rotation
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 55.82% · promoters 99.71% · institutions 0.87% · other public 8.56%

  3. Regularisation of appointment of M/s. BGMG & Associates, Chartered Accountants, as Statutory Auditors of the Company to fill the casual vacancy
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 55.82% · promoters 99.71% · institutions 0.87% · other public 8.56%

  4. Appointment of M/s. BGMG & Associates, Chartered Accountants, as Statutory Auditors of the Company for a term of five consecutive years and to authorise the Board to fix their remuneration
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 55.82% · promoters 99.71% · institutions 0.87% · other public 8.56%

  5. To approve the appointment of M/s Anuj Gupta & Associates, Practising Company Secretaries, as Secretarial Auditor of the Company to fill the casual vacancy
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 55.82% · promoters 99.71% · institutions 0.87% · other public 8.56%

  6. To approve the appointment of M/s Anuj Gupta & Associates, Practising Company Secretaries, as Secretarial Auditor of the Company for a term of 5 (five) consecutive Financial Years
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 55.82% · promoters 99.71% · institutions 0.87% · other public 8.56%

  7. Appointment of Mr. Shael Oswal (DIN: 00256956) as the Managing Director & Vice Chairperson of the Company and approval of the remuneration payable to him
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.07%

    Turnout: all 55.82% · promoters 99.71% · institutions 0.87% · other public 8.56%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 6 Sep 2026, 4 resolutions

1,85,780 shareholders on the register on 31 Jul 2026; votes counted by Anuj Gupta / Anuj Gupta & Associates.The company's voting result (opens in a new tab)

  1. Appointment of Mr Vimal Bhatnagar (DIN 11089200) as an Independent Director (Non Executive) of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 55.76% · promoters 98.52% · institutions 0.87% · other public 51.00%

  2. Appointment of Ms Prerna Singh (DIN 10153909) as an Independent Director (Non Executive) of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 55.76% · promoters 98.52% · institutions 0.87% · other public 51.00%

  3. Appointment of Mr Babu Ram Somani (DIN 09517274) as an Independent Director (Non Executive) of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 55.76% · promoters 98.52% · institutions 0.87% · other public 51.00%

  4. Appointment of Mr Rahul Khadriya (DIN 03578394) as an Independent Director (Non Executive) of the Company
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.01%

    Turnout: all 55.76% · promoters 98.52% · institutions 0.87% · other public 51.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 4 Apr 2026, 2 resolutions

1,87,303 shareholders on the register on 27 Feb 2026; votes counted by Mr. Jay Mehta / Jay Mehta & Associates.The company's voting result (opens in a new tab)

  1. To approve appointment of Ms. Shreya Choudhary (DIN:11469420) as Whole time Director and Chief Executive Officer(CEO) of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.05%

    Turnout: all 5.57% · promoters 99.67% · institutions 0.90% · other public 0.42%

  2. Approval of payment of annual remuneration to Mr. Shael Oswal, Non-Executive Director & Vice Chairperson of the Company
    SpecialPromoters have an interest in it
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.10%

    Turnout: all 1.40% · promoters 19.22% · institutions 0.90% · other public 0.42%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 25 Sep 2025, 10 resolutions

1,87,234 shareholders on the register on 18 Sep 2025; present: 2 promoters and 85 others; votes counted by Gautam Bhandari / GB & Associates.The company's voting result (opens in a new tab)

  1. To receive, consider and adopt the audited standalone and consolidated IND AS financial statements of the Company for the financial year ended March 31, 2025 and the reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 55.74% · promoters 99.67% · institutions 0.00% · other public 8.39%

  2. To appoint Mr. Narinder Kumar (DIN:01936066) who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 55.74% · promoters 99.67% · institutions 0.00% · other public 8.39%

  3. To appoint Statutory Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 55.74% · promoters 99.67% · institutions 0.00% · other public 8.39%

  4. To appoint Secretarial Auditors of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 55.74% · promoters 99.67% · institutions 0.00% · other public 8.39%

  5. Continuation of directorship of Mrs. Aruna Oswal (DIN 00988524), Director in terms of Regulation 17(1A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015MoreLess
    SpecialPromoters have an interest in it
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 55.74% · promoters 99.67% · institutions 0.00% · other public 8.39%

  6. Appointment of Mr. Gulshan Chamanlal Vohra (DIN:08658452) as a Director (Non-executive and Independent Director) of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 55.74% · promoters 99.67% · institutions 0.00% · other public 8.39%

  7. Appointment of Mr. Swapneel Vinod Patel (DIN:09444199) as a Director (Non-executive and Independent Director) of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.06%

    Turnout: all 55.74% · promoters 99.67% · institutions 0.00% · other public 8.39%

  8. Appointment of Ms. Larly Nitin Bahl (DIN:08495259) as a Director (Non-executive and Independent Director) of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 55.74% · promoters 99.67% · institutions 0.00% · other public 8.39%

  9. Approval for the adoption and alteration of new set of Memorandum of Association (MOA) of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 55.74% · promoters 99.67% · institutions 0.00% · other public 8.39%

  10. Approval for the adoption of new set of Articles of Association (AOA) of the Company
    Special
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 55.74% · promoters 99.67% · institutions 0.00% · other public 8.39%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 14 Aug 2025, 3 resolutions

1,88,869 shareholders on the register on 11 Jul 2025; votes counted by Mohit Singh Kharayat / Mohit Singh Kharayat & Co..The company's voting result (opens in a new tab)

  1. To approve rescinding of Special resolution related to the approval of appointment and remuneration of Mr. Shael Oswal (DIN: 00256956) as Managing Director of the Company.
    SpecialPromoters have an interest in it
    78.25% for21.75% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.58%

    Turnout: all 23.57% · promoters 10.62% · institutions 0.00% · other public 35.13%

  2. Approval of appointment and remuneration of Mr. Shael Oswal (DIN: 00256956) as Director (Non-Executive & Non-Independent) & Vice Chairperson of the Company
    SpecialPromoters have an interest in it
    78.24% for21.76% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.59%

    Turnout: all 23.57% · promoters 10.62% · institutions 0.00% · other public 35.13%

  3. Approval of payment of annual remuneration to Mr. Shael Oswal, Non-Executive Director and Vice Chairperson of the Company
    SpecialPromoters have an interest in it
    78.23% for21.77% against

    Against: promoters 0.00% · institutions 0.00% · other public 27.60%

    Turnout: all 23.57% · promoters 10.62% · institutions 0.00% · other public 35.13%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 25 May 2025, 1 resolution

1,82,952 shareholders on the register on 11 Apr 2025; votes counted by Abhishek Gupta / Abhishek Gupta & Associates.The company's voting result (opens in a new tab)

  1. Approval of appointment and remuneration of Mr. Shael Oswal (DIN: 00256956) as Managing Director of the Company
    SpecialPromoters have an interest in it
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 55.71% · promoters 99.63% · institutions 0.00% · other public 17.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 8 Aug 2024, 6 resolutions

Present: 2 promoters and 57 others.The company's voting result (opens in a new tab)

  1. consideration and adoption of the audited standalone and consolidated IND AS financial statements of the Company for the financial year ended March 31, 2024 and the reports of the Board of Directors and Auditors thereon.MoreLess
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.00%

    Turnout: all 55.75% · promoters 99.59% · institutions 0.00% · other public 24.26%

  2. Appointment of Mrs. Aruna Oswal (DIN: 00988524) who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and beingneligible, offers herself for re-appointment.
    OrdinaryPromoters have an interest in it
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.02%

    Turnout: all 14.01% · promoters 0.00% · institutions 0.00% · other public 24.25%

  3. Omnibus approval of material related party transaction for the financial year 2024-25.
    OrdinaryPromoters have an interest in it
    99.73% for0.27% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 14.01% · promoters 0.00% · institutions 0.00% · other public 24.26%

  4. Continuation of directorship of Mr. Anil Kumar Bhalla (DIN 00587533), Director in terms of Regulation 17(1A) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.MoreLess
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.32%

    Turnout: all 55.75% · promoters 99.59% · institutions 0.00% · other public 24.26%

  5. To sell, lease or otherwise dispose of the whole or substantially the whole of movable or immovable property of the Company.
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.28%

    Turnout: all 55.75% · promoters 99.59% · institutions 0.00% · other public 24.26%

  6. Appointment of Mr. Narinder Kumar (DIN:01936066) as Whole-time director and CEO of the Company.
    Special
    99.93% for0.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.27%

    Turnout: all 55.75% · promoters 99.59% · institutions 0.00% · other public 24.26%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 21 Sep 2023, 3 resolutions

Present: 2 promoters and 83 others.The company's voting result (opens in a new tab)

  1. Consideration and Adoption of the Audited standalone and consolidated IND AS financial statements of the Company for the financial year ended on March 31, 2023, reports of Board of Directors and Auditors thereon.MoreLess
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.03%

    Turnout: all 54.74% · promoters 99.59% · institutions 0.00% · other public 22.57%

  2. To appoint Mr. Anil Kumar Bhalla (DIN: 00587533) who retires by rotation in terms of section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 54.74% · promoters 99.59% · institutions 0.00% · other public 22.57%

  3. Omnibus approval of material related party transaction for the financial year 2023-24
    OrdinaryPromoters have an interest in it
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 13.00% · promoters 0.00% · institutions 0.00% · other public 22.57%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Tax disputes

Reported in the filing for the quarter to Sep 2026.

  • Tax disputeGovernment of PunjabSince 1 Apr 2005
    Pending before Punjab VAT Tribunal and next date of hearing is not fixed.
    At the filing before: Please refer next column
  • Tax disputeGovernment of PunjabSince 1 Apr 2003
    Pending before Pending before Punjab VAT Tribunal and next date of hearing is not fixed.
    At the filing before: Please refer next column
  • Tax disputeGovernment of PunjabSince 1 Apr 2005
    Pending before Punjab VAT Tribunal and next date of hearing is not fixed
    At the filing before: Please refer next column
  • Tax disputeIncome Tax DepartmentSince 9 Feb 2008
    Already filed the reply and still waiting for the response from the department
    At the filing before: Please refer next column

In the company's own words, from its latest governance filing.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

At most 2 complaints open, quarter to Sep 2026.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
Yes
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
Yes
There was a cyber security incident in the quarter
No

The company's own answers in its filing.