Oswal Greentech Limited Announces Q1 Results, Appoints Internal Auditor and Details Strategic UAE Subsidiary Plan
Oswal Greentech Limited has announced its unaudited financial results for the first quarter ended June 30, 2026. The Board of Directors approved these results, which include performance details across different business segments. Furthermore, the company appointed Raj Gupta & Co. as its Internal Auditor and provided updates on an ongoing dispute regarding Inter Corporate Deposits, alongside plans to establish a wholly owned subsidiary in Dubai, UAE.The financial statements for the quarter reveal insights into the company's segmental results. Real Estate generated revenue of 47,063 (in lakhs), while Investment Activities recorded 120,394 lakhs of revenue. The Unallocated segment recorded 3,834 lakhs in revenue during the same period. Total Income for Oswal Greentech Limited stood at 1,864.50 lakh across all segments.
Total expenses for the quarter were reported at 930.31 lakh. The company registered a profit before tax of 934.19 lakh.
The unaudited segment-wise results demonstrate varied performance:
| Segment | Revenue (Lakhs) | Profit/(Loss) before tax & interest (Lakhs) |
|---|---|---|
| Real Estate | 47,063 | (6,554) |
| Investment Activities | 120,394 | 120,394 |
| Unallocated | 3,834 | (188.11) |
The results for the quarter also included a segment result from investment activities amounting to 52,741 lakhs before tax and interest.
Appointment of Internal Auditor
The Board of Directors, acting on the recommendation of the Audit Committee, approved the appointment of Raj Gupta & Co. (Chartered Accountants) as the company's Internal Auditors for the financial year 2026-27. This decision was made during the board meeting held on August 07, 2026.Raj Gupta & Co. is a firm incorporated in 1976, offering services including statutory audits, internal audits, and due diligence across various industries such as real estate, steel, power, FMCG, and financial institutions. The relationship between the company and Raj Gupta & Co.'s directors was noted to be none.
Dispute and Operational Updates
The Limited Review Report highlighted a dispute concerning interest charged on Inter Corporate Deposits with one of the borrowers relating to the COVID period and subsequent times. An arbitration award amounting to Rs 9,717.00 lacs had been passed in favor of the Company against its total claim of Rs 47,212.27 lacs, resulting in a shortfall of Rs 37,495.27 lacs. The company has decided to contest this arbitration award further at the High Court of New Delhi. Consequently, the interest income and current assets were noted as being understated by Rs 1,059.37 lacs for the quarter under review.In a strategic move, the Board of Directors previously approved the establishment of a Limited Liability Company (LLC) in Dubai, UAE. This LLC is intended to be a wholly owned subsidiary of Oswal Greentech Limited and will be capitalized through an investment of AED 40 Million by way of capital contribution from the company.
The unaudited results were reviewed and approved by the Audit Committee and the Board of Directors following the limited review procedures conducted by the independent auditor, Mehta Chokshi & Shah LLP Chartered Accountants.
OSWALGREEN Stock Price Movement
On Friday, shares of Oswal Greentech Limited edged higher, gaining 0.63% and settling at ₹22.04. The stock traded within a session range spanning from the low of ₹21.51 to the high of ₹22.85, with recorded volume reaching 120,769 shares.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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