Oasis Securities promoters acquire 71.61% via rights issue

1 min read     Updated on 15 Jul 2026, 10:37 PM
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Shriram SScanX News Team
AI Summary

Oasis Securities Ltd disclosed a substantial increase in promoter shareholding to 71.61% following the allotment of 1,99,37,054 equity shares via a rights issue on July 13, 2026. The capital raise increased the paid-up share capital to ₹4,62,50,000, with trading approval granted by BSE effective July 16, 2026.

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Oasis Securities Ltd has disclosed that its promoter group increased its shareholding to 71.61% through the subscription of 1,99,37,054 equity shares in a recent rights issue. The allotment, which occurred on July 13, 2026, raised the company's paid-up share capital from ₹1,85,00,000 to ₹4,62,50,000. BSE Limited granted trading approval for these shares, effective July 16, 2026, under notice reference 20260715-1.

Acquisition Details

The disclosure was made under Regulation 29 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The rights issue involved shares with a face value of ₹1 issued at a premium of ₹9, bringing the issue price to ₹10 per share. The mode of acquisition was a rights issue, and the total diluted share capital post-allotment stands at 4,62,50,000 equity shares.

Promoter Holding Changes

The following table details the acquisition of shares by the promoter group members:

Acquirer Shares Acquired % Change Post-Acquisition Holding
Rajesh Kumar Sodhani 73,61,250 15.92% 1,75,28,750 (37.90%)
Priya Sodhani 12,14,265 2.63% 40,23,775 (8.70%)
Sodhani Capital Limited 47,51,483 10.27% 48,39,138 (10.46%)
Sodhani Academy of Fintech Enablers Limited 55,00,000 11.89% 55,00,000 (11.89%)
Ritika Sodhani 5,00,000 1.08% 5,00,000 (1.08%)
Vansh Sodhani 2,75,000 0.59% 2,75,000 (0.59%)
Aastha Sodhani 1,25,000 0.27% 1,25,000 (0.27%)
Gyan Chand Jain 1,37,250 0.30% 2,28,750 (0.495%)
Kailash Chandra Sodhani HUF 50,000 0.11% 77,580 (0.168%)
Rajesh Kumar Sodhani HUF 22,806 0.05% 22,806 (0.049%)
Total 1,99,37,054 43.11% 3,31,20,799 (71.61%)

Prior to the acquisition, the promoter group held 28.51% of the total share capital. The rights issue was fully subscribed by the promoters, significantly consolidating their ownership in Oasis Securities Ltd . Kirti Mool Chand Jain, Company Secretary and Compliance Officer, authorized the disclosure submitted to the exchange.

Historical Stock Returns for Oasis Securities

1 Day5 Days1 Month6 Months1 Year5 Years
-4.39%+1.50%+0.26%+26.70%-40.47%+735.51%

How does the promoter group plan to utilize the ₹19.9 crore raised through the rights issue to drive future growth?

What impact will the increased promoter concentration to 71.61% have on the liquidity and free float of Oasis Securities shares?

Does the significant increase in promoter stake signal potential strategic acquisitions or business expansion in the near term?

Oasis Securities accepts resignation of Independent Director Manish Bihani

1 min read     Updated on 01 Jul 2026, 10:55 PM
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Reviewed by
Jubin VScanX News Team
AI Summary

Oasis Securities Ltd accepted the resignation of Manish Bihani as an Independent Director effective July 01, 2026, due to personal reasons and unavoidable circumstances. The company confirmed there are no other material reasons for the resignation and submitted the requisite disclosures to BSE Limited. Bihani also holds a directorship in Mayur Leather Products Limited.

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Oasis Securities Ltd accepted the resignation of Manish Bihani as an Independent Director effective July 01, 2026, due to personal reasons and unavoidable circumstances. The resignation was submitted via a letter dated July 01, 2026, and takes effect immediately. This disclosure was made to BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company confirmed that Bihani provided a detailed statement confirming there are no material reasons for his resignation other than those cited in his letter. The requisite disclosures, including the resignation letter and the director's profile details, were submitted to the exchange as per the SEBI master circular dated January 30, 2026.

Details of Resignation

The following table outlines the key particulars of the director's cessation:

Particulars Details
Name of Director Mr. Manish Bihani
DIN 03466971
Designation Independent Director (Non-Executive)
Date of Resignation July 01, 2026
Reason Personal reasons and unavoidable circumstances

Other Directorships

At the time of resignation, Manish Bihani held a directorship in Mayur Leather Products Limited as a Non-Executive Independent Director. The disclosure confirmed that he did not hold any memberships on board committees of the listed entities mentioned. The company has requested the exchange to take the resignation on record.

Historical Stock Returns for Oasis Securities

1 Day5 Days1 Month6 Months1 Year5 Years
-4.39%+1.50%+0.26%+26.70%-40.47%+735.51%

Who will Oasis Securities appoint to fill the vacancy left by Manish Bihani, and what qualifications will they prioritize?

How will this change in board composition impact the company's governance strategy and decision-making process?

Will the resignation trigger any immediate restructuring of board committees or responsibilities within Oasis Securities?

More News on Oasis Securities

1 Year Returns:-40.47%