Oswal Agro Mills Ltd Reports Resignation of Secretarial Auditor Amid Board Changes
Oswal Agro Mills Ltd has announced that M/s Jay Mehta & Associates, who served as its Secretarial Auditors, have tendered their resignation. The auditors had been in place for a term of five consecutive years, covering the period from financial year 2025-26 until financial year 2029-30.The resignation, which became effective as of June 20, 2026, was tendered by M/s Jay Mehta & Associates due to frequent changes within the Board of Directors and Key Managerial Personnel (KMPs).
Following this development, Oswal Agro Mills Ltd stated that its Audit Committee and the Board will be in the process of considering the appointment of a new Secretarial auditor, with further details to be announced in due course.
The details concerning this change include:
| Auditor Firm | Term of Appointment | Resignation Effective Date | Reason for Change |
|---|---|---|---|
| M/s Jay Mehta & Associates | FY 2025-26 to FY 2029-30 | June 20, 2026 | Frequent changes in the Board of Director and KMPs |
The company confirmed that there are no other reasons for the resignation, nor are there any material concerns or unresolved matters regarding the Company's affairs.
OSWALAGRO Stock Price Movement
Shares of Oswal Agro Mills Limited tumbled in the post-market session, shedding 1.66% and settling at ₹39.30 today. The stock closed after trading within a range that stretched from a low of ₹39.05 to a high of ₹40.33, with 11,221 shares recorded in volume.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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