Oswal Overseas Ltd

Resignation details

• Director: Anoop Kumar Srivastava (DIN 07052640) resigns from Oswal Overseas Limited.
• Directorship type: Director (no sub-type disclosed).
• Resignation effective date: 16 July 2026.
• Reason: other professional commitments and health issues.
• No listed-entity directorships or committee memberships disclosed.
• Other listed entities: Not Applicable.

Key developments

• NCLAT dismissed the appeal as withdrawn after amicable settlement.
• Settlement agreement executed between Oswal Overseas Ltd and LH Sugar Factories Ltd (financial creditor).
• Rs 2.80 crore paid as settlement by the Appellant to Respondent No.1.
• Respondent No.1's financial debt discharged in full and final.
• IRP to collate claims and form CoC, but no EOI until Section 12A disposal.
• Application under Section 12A of IBC to be filed before Adjudicating Authority.
• Appeal disposed of as withdrawn with procedural provisions for CoC and 12A process.
• Company to inform stock exchange of further material developments.

NCLAT order and settlement in CIRP

• NCLAT order (24 Jun 2026) records amicable settlement between Oswal Overseas Ltd and L H Sugar Factories Ltd.
• IRP shall not take further steps under the CIRP order until the next listing date.
• Parties to approach Adjudicating Authority under Section 12A read with Regulation 30A for withdrawal.
• Next hearing date is 08 July 2026.
• Settlement copies filed; CIRP proceedings may be closed/cancelled only via 12A route.
• Paramjeet Singh, suspended MD of Oswal Overseas Ltd, is Appellant in the matter.
• IRP has received two claims (financial and operational) under the impugned order.
• Tribunal intends to dispose of the Appeal on merits, not terminate CIRP at this stage.
• IRP to file reply within 4 days; parties to file rejoinders within 4 days thereafter.
• Case listed for listing on 08 July 2026 under same caption.

Dematerialisation status

• Dematerialisation requests received during the quarter ended June 2026 were processed and confirmed to the depositories (accepted/rejected).
• Dematerialised securities have been listed on the exchanges where the earlier issued securities are listed.
• Physical certificates were mutilated and cancelled; depository's name substituted as registered owner within 15 days.

CFO appointment

• Mr. Inder Pal Wadhwa appointed Chief Financial Officer and Key Managerial Personnel.
• Appointment effective from 28 May 2026, following Nomination and Remuneration Committee recommendation.
• He has over 10 years' experience in accounting and banking operations.
• Profile highlights financial management, banking coordination, bookkeeping, reconciliation, and cash flow monitoring.
• No relationship disclosure applicable for this appointment.

🗓️ Meeting Details

• Board meeting scheduled for February 14, 2026, at 1:00 p.m. at registered office in New Delhi.

📊 Financial Performance

• Approval of unaudited financial results for quarter and nine months ended December 31, 2025.