Oswal Overseas Ltd

AGM extension details

• ROC approves 3-month extension for Oswal Overseas Limited AGM to 31 December 2026.
• Original AGM due date was on or before 30 September 2026.
• AGM date to be intimated later once the Board decides.
• Extension granted under Section 96(1) of the Companies Act, 2013.
• Company urged to ensure timely compliance with future AGM provisions.

Financials (Standalone Q1 FY27)

• Revenue from Operations: 0.00; Total Revenue: 4.94 (Rs Lakhs) for quarter ended 30.06.2026.
• Profit before tax: -187.31; Profit after tax: -187.10.
• EPS Basic/Diluted: -1.44.
• Total Comprehensive Income: -186.49.

Segment performance

• Sugar Division PBT: -116.83; Revenue: 0.00.
• Power Division PBT: 7.53; Revenue: 0.00.
• Total PBT: -124.36.
• Finance cost: 61.02; Other unallocable expenditure: 1.93.

Notes & status

• Audit Committee approved; unmodified opinion.

Business overview

• Oswal Overseas operates Sugar and Power divisions.
• Sugar industry is seasonal; crushing Nov–Apr; sales year-round.

Meeting Details

• Date: September 22, 2026; Time: not disclosed; Location: registered office, New Delhi.

Key Agenda Items

• Consider and approve unaudited financial results for Q2 2026 (quarter and year ended June 30, 2026).
• Take on record the unaudited results.

Other Notes

• No trading window closure period specified.

CIRP withdrawal and restoration

• NCLT order dated 02 Sep 2026 allows withdrawal of CIRP under Section 12A and restores the company.
• Moratorium from CIRP ceases; IRP discharged and responsibilities handed to current management.
• CIRP commenced on 08 Jun 2026; Board powers suspended under IBC Section 17.
• CoC approved settlement with sole financial creditor SBI by 100% vote.
• Board to convene to approve financials for period ended 30 June 2026.
• Company will file the June 2026 results with BSE per Regulation 33 after approval.

Status and developments

• NCLT allowed withdrawal of CIRP and dismissed CP(IB) 655/ND/2025.
• Corporate Debtor Oswal Overseas Limited restored to pre-CIRP status.
• Moratorium imposed earlier is lifted and has no further effect.
• Interim Resolution Professional discharged; documents to be handed to management.
• CoC approved settlement with sole financial creditor by 100% voting.
• CIRP cost fully paid, including estimated cost up to withdrawal.
• Intimation to Registrar of Companies to be filed.
• Order date 02 September 2026; order received 08 September 2026.
• Company stands restored, management to operate outside CIRP subject to order terms.

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.