Company Update

Oswal Overseas has clarified that the delay in submitting financial results occurred because the company was undergoing a Corporate Insolvency Resolution Process, which suspended the powers of the Board of Directors and transferred management control to the Interim Resolution Professional.

Following a 100% creditor-approved settlement, the insolvency process was successfully withdrawn and the company was fully restored to its management.

The company is now actively taking steps to convene a board meeting to review and approve the pending financial results for submission to the stock exchange.