In the Board Meetings held on 2nd April, 2016, Mrs.Aruna Oswal had been appointed as Chairperson of M/s Oswal Greentech Ltd. and M/s Oswal Agro Mills Ltd. Mrs. Aruna Oswal is the largest shareholder of both these companies. Mrs. Aruna Oswal holds more than 20% shares of M/s Oswal Greentech Ltd. which has a paid up capital of Rs.256 Cr. and holds more than 40% shares of M/s Oswal Agro Mills Ltd which has a paid up capital of Rs. 134 Cr. Both these companies are publicly held and are governed by the provisions of the Companies Act. The shareholding of Mrs. Aruna Oswal are her personal holdings by way of acquisition of shares or by way of nomination from Late Sh. Abbey Kumar Oswal. Late Shri Abbey Kumar Oswal had nominated Smt. Aruna Oswal for the transmission of shares in her name to the custodians of shares in case of his death. This transmission has now taken effect and has made Smt. Aruna Oswal as the largest individual shareholder of both the companies.
Mrs. Aruna Oswal is a Post Graduate and belongs to a business family. She has been closely associated with late Shri Abbey Oswal in managing his business. She was the Chairperson and Managing Director of Lucky Star Entertainment Ltd. an entertainment enterprise of Oswal Group. She has to her credit the management of various philanthropic projects of national and international importance. She is actively involved in the management of Aruna Abbey Oswal Trust which is operating Eye Hospital s, Mobile Medical Vans, Skill Development Centre and school for underprivileged of the society. She is also International Director Endorsee of Lions Club International. She has vast experience in managing national and international projects.
Sh. Pankaj Oswal, the estranged son of Sh. Abhey Kumar Oswal, forcefully entered the office of M/s Oswal Greentech Ltd. and M/s Oswal Agro Mills Ltd. on 04.04.2016 along with his wife Mrs. Radhika Oswal and certain armed goons. He had stolen certain Books of Accounts and other documents of the company for which the companies had lodged a complaint with the police, which after investigation has registered an F.l.R. It is learnt that Mr. Pankaj Oswal is trying to make a claim over the inheritance of the assets of Late Sh. Abhey Kumar Oswal claiming that he is the eldest son.. However, this is to clarify that these companies have nothing to do even if such claim is made by Sh. Pankaj Oswal as these are listed public entities and not the properties of Abhey Oswal HUF.
Sh. Pankaj Oswal, the son of Sh. Abhey Kumar Oswal has a history of evading the process of law as is known about his brush with law in Australia and his subsequent flight to Dubai (where he is currently based) to evade answering the process of law in Australia.
Sh. Pankaj Oswal has no shareholding in M/s Oswal Agro Mills Ltd and holds on l y 5000 shares valuing Rs. 50,000/- in M/s Oswal Greentech Ltd. as against the Paid Up Share Capital of Rs. 256 Cr. He is not qualified to be even a minority shareholder as per the provisions of the Companies Act.
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