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Oswal Agro Mills Ltd.
Oswal Agro Mills
Oswal Agro Mills Ltd. live price is ₹ 0.00. Price change 0.00, 0.00 percent.
₹ 0.00
0.00 (0.00)%
Trading
Small-cap - With a market cap of ₹5.24 Cr.
Subsidiaries
Omega Ag-Seeds (Punjab) Ltd.
N/A
NSE
Agriculture
0.00
0.00%
Oswal Agro Mills Ltd.
OSWALAGRO
NSE
Trading
0.00
0.00%
Management
1. Payal Agarwal
Company Secretary & Compliance Officer
2. Aruna Oswal
Chairperson
3. Shael Oswal
Vice Chairperson
4. Narinder Kumar
Whole Time Director & CEO
5. Gulshan Chamanlal Vohra
Non Executive Independent Director
6. Larly Nitin Bahl
Non Executive Independent Director
7. Swapneel Vinod Patel
Non Executive Independent Director
Contact Information
Company Address
Near Jain Colony, Vijay Inder Nagar, Daba Road
Ludhiana, Punjab - 141003
www.oswalagromills.com
cs@oswalagromills.com
Registrar
Skyline Financial Services Pvt Ltd
D-153/A, 1st Floor,Okhla Industrial Area, Phase - I, New Delhi - 110020
Phone: 91-011-26812682/84
Email: admin@skylinerta.com
Website:
Company Profile
Since its incorporation in the year 1979, the company has been engaged in real estate and other non-financial activities. The Company always adheres to achieve the best in the industry and try to optimise the cost and its efficiency level which translating into profit margins.
The company has been carrying on the real estate and other non-financial activities since its incorporation. However, for the first time for the financial year ended 31.03.2019, the company’s financial assets constituted more than 50 per cent of its total assets and the income from financial assets also constituted more than 50 per cent of its gross income, resulting in meeting the ‘50-50’ test for determining financial activity as a principal business and accordingly as per press release 1998-99/1269 dated 08.04.1995, it got covered under the definition of NBFC.
Accordingly, the company had decided to make an application with RBI for obtaining the registration as NBFC vide Board Resolution dated July 26, 2019 and also decided not to enter into any fresh financial activity w.e.f July 26, 2019 and only the financial transactions prior to 26th July, 2019 were continuing since then.
However, the board of the director of the company decided not to proceed further with the registration as NBFC, considering the fact that meeting the ‘50-50’ criteria was a one-time event on account of temporary reasons viz. business cycles etc. and that the company intends to continue only non-financial activity as its principal activity.
Moreover, the company is actively trading in agricultural products in FY 2020-21 and has traded in commodities and will continue to deal in non-financial activities as principal business activity.
Business area of the company
The company has been carrying on the real estate and other non-financial activities since its incorporation. Also, the company had decided to make an application with RBI for obtaining the registration as NBFC vide Board Resolution dated July 26, 2019.