Oscar Global Limited clarified that its Board of Directors meeting scheduled for September 22, 2026, was adjourned due to unavoidable circumstances and matters requiring further finalisation, correcting an earlier statement that cited a lack of quorum. The meeting is rescheduled for September 23, 2026, at 1:00 pm IST.

The company filed a clarification with the Bombay Stock Exchange to amend the reason provided in its initial intimation dated September 22, 2026. The original notice had inadvertently mentioned "want/lack of quorum" as the cause for postponement, which has now been replaced with the updated explanation.

Clarification on Adjournment Reason

In a letter to BSE Listing Compliance, Oscar Global stated that the earlier reference to a lack of quorum was incorrect. The revised reason for the adjournment is "due to unavoidable circumstances and certain matters requiring further consideration and finalisation." All other particulars contained in the initial intimation remain unchanged.

Rescheduling Details

Pursuant to Section 174(4) of the Companies Act, 2013, and applicable Secretarial Standards, the meeting stands adjourned. It will be held tomorrow, Wednesday, September 23, 2026, at 1:00 pm IST at the company's registered office. The same agenda items will be considered and approved during the rescheduled session.

Regulatory Compliance and Trading Window

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Oscar Global notified the Bombay Stock Exchange of the adjournment and subsequent clarification. This follows the initial intimation regarding the meeting agenda submitted under Regulation 29.

The company's trading window remains closed for designated persons and their immediate relatives. This restriction continues until 48 hours after the outcome of the adjourned board meeting is declared to the stock exchange.

Gopal Bhatter, 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.