Oswal Greentech posts ₹62.4 cr loss after ₹101.2 cr provision and auditor flag
The statutory auditor qualified its opinion on ₹122.7 crore in unrecoverable loans. A separate fraud complaint for ₹14.6 crore adds to the governance pile-up.
— 1 earlier story on Oswal Greentech Ltd. →What's new
- FY2026 net loss of ₹62.4 cr, after a full provision of ₹101.2 cr against loans and advances.
- Auditor Mehta Chokshi & Shah issued a qualified opinion on ₹122.7 cr in recoverable loans.
- Company filed a criminal complaint over a former representative who allegedly trespassed on a West Bengal property, causing ₹14.6 cr in losses.
Why this matters
The ₹101.2 cr provision wipes out any chance of a profit and consumes a large chunk of the balance sheet. The qualified audit opinion, combined with an active criminal complaint over alleged internal fraud, signals deep governance and asset-quality problems for a micro-cap.
What we're watching
- Outcome of the criminal proceedings related to the ₹14.6 cr property trespass.
- Recovery timeline for the ₹122.7 cr in loans the auditor flagged.
- Any further provisions or write-downs in the coming quarters.
The full read
Oswal Greentech's FY2026 results are a story of assets going bad. The company took a ₹101.2 crore provision against inter-corporate deposits and real estate advances it no longer expects to recover. That single charge delivered a ₹62.4 crore net loss. The statutory auditor, Mehta Chokshi & Shah, didn't stop there. It issued a qualified opinion, questioning the recoverability of another ₹122.7 crore in loans and noting a partial arbitration award on interest. On top of the financial write-downs, the company filed a criminal complaint. A former authorised representative allegedly colluded to trespass on a West Bengal property, causing an estimated ₹14.6 crore loss. For a micro-cap already grappling with unrecoverable loans, the combination of a qualified audit, a nine-figure provision, and an internal fraud complaint is a governance red flag that won't go away with the next earnings cycle.
Questions answered
- Why did Oswal Greentech report a net loss for FY2026?
- The company took a ₹101.2 crore exceptional provision against inter-corporate deposits and real estate advances it considers unrecoverable. This single charge turned the year's operations into a ₹62.4 crore net loss.
- What did the statutory auditor qualify?
- Mehta Chokshi & Shah issued a qualified opinion, citing uncertainty over the recoverability of ₹122.7 crore in loans and a partial arbitration award on interest. The qualification is a formal warning about the reliability of certain financial statements.
- What is the separate fraud complaint about?
- Oswal Greentech disclosed that a former authorised representative allegedly colluded to trespass on a company-owned property in West Bengal. The company estimates a loss of ₹14.6 crore and has filed a legal complaint, initiating criminal proceedings.
- How material is the ₹101.2 crore provision to the company's finances?
- The provision is the primary driver of the ₹62.4 crore net loss and represents a direct write-down of assets on the balance sheet. For a micro-cap, a charge of this size is a significant hit to net worth.
Story so far
All notes on OSWALGREEN →- 26 May 2026 · 2:02 PM IST Oswal Greentech posts ₹62.4 cr loss after ₹101.2 cr provision and auditor flag
- 1d ago Oswal Green CFO quits after months in role