Oscar Global Limited has scheduled a Board of Directors meeting for September 22, 2026, to evaluate proposals for raising funds through equity instruments and potential business acquisitions.

The company intends to consider issuing equity shares via preferential issue or private placement, subject to shareholder and regulatory approvals. The board will also discuss convening a General Meeting to seek member approval for the fundraising plan.

Regulatory Compliance

In compliance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Oscar Global notified the Bombay Stock Exchange of the meeting agenda. The company also closed its trading window for designated persons and their immediate relatives starting September 18, 2026. The restriction remains in effect until 48 hours after the outcome is declared to the exchange.

Gopal Bhattar, Whole Time Director and CFO, signed the intimation on behalf of the company.

Oscar Global Limited reported a narrowed standalone loss of ₹1.44 lakh for the quarter ended June 30, 2026, compared to a loss of ₹3.09 lakh in the same period last year.

The company also informed the Bombay Stock Exchange (BSE) that it has rectified a filing discrepancy by uploading the correct limited review report in place of the inadvertently submitted standalone auditor's report.

Financial Performance

Oscar Global recorded no revenue from operations during the quarter, consistent with its status as a shell entity undergoing management transition. Total income stood at ₹3.94 lakh, derived entirely from other income sources.

Total expenses decreased to ₹5.38 lakh from ₹7.74 lakh in the corresponding quarter of FY25. This reduction was driven primarily by lower employee benefit expenses, which fell to ₹0.77 lakh from ₹2.64 lakh previously.

The net loss per share was ₹0.04, an improvement from ₹0.09 in the prior year quarter. For the full year ended March 31, 2026, the company reported a total loss of ₹11.16 lakh against zero operational revenue.

Corporate Developments

The independent auditor’s review report highlighted significant changes in the company’s governance structure. A complete change in promoter shareholding occurred during FY26 following share purchase agreements dated September 30, 2025, and a mandatory open offer under SEBI takeover regulations.

Consequently, erstwhile promoter directors, independent directors, and the company secretary resigned in April 2026. New directors and a company secretary were appointed subsequently. The auditor noted that while the company has not undertaken significant revenue-generating operations in recent years, the financial statements have been prepared on a going-concern basis based on new management’s future business plans.

What the Numbers Show

The narrowing loss is attributable to cost containment rather than revenue generation. With zero operational revenue, the 53% decline in net loss reflects a 30% drop in total expenses, largely due to reduced employee benefits. This indicates the new management is minimizing overheads during the transition phase before commencing active business operations.