Oscar Global board to consider ₹2.45 crore fund raise on May 29

Oscar Global Limited has announced that its board of directors will meet on Friday, May 29, 2026. The meeting has been convened in accordance with Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to discuss several key business proposals.

Agenda for the Board Meeting

The primary focus of the meeting will be to evaluate and discuss potential acquisition opportunities to further the company's business. The board will consider authorising key managerial personnel to advance the evaluation process and take necessary actions.

Capital Restructuring Proposals

A significant agenda item involves the approval to increase the authorised share capital. The company proposes to raise the capital from ₹33,000,000 divided into 3,300,000 equity shares of ₹10 each to ₹1,100,000,000 divided into 110,000,000 equity shares of ₹10 each. This increase is subject to shareholder approval.

The board will also consider altering the Memorandum of Association (MoA) and Articles of Association (AoA) to align with business requirements and the Companies Act, 2013. These alterations will also require shareholder consent via a special resolution at the ensuing Annual General Meeting.

Fund Raising Plans

To support business expansion, acquisitions, and working capital needs, the board plans to evaluate a proposal for raising funds. The in-principle approval seeks to raise up to ₹2.45 crore through the issue of equity shares or convertible securities. Modes of issuance under consideration include preferential issue, rights issue, Qualified Institutional Placement (QIP), or other permissible methods.

Proposal	Details
Fund Raising Amount	₹2.45 crore
Instruments	Equity shares / convertible securities
Modes	Preferential issue, rights issue, QIP, or others
Authorised Share Capital Increase	₹33,000,000 to ₹1,100,000,000
New Equity Shares	110,000,000 shares of ₹10 each

Other Business

The board will approve the opening of a new current account and authorise signatories for its operation. The trading window for dealing in the company's securities will remain closed for all designated persons from May 29, 2026, until 48 hours after the board meeting outcome is submitted to the stock exchange.

Oscar Global Limited has submitted the publication of its audited financial results for the quarter and year ended March 31, 2026, to the Bombay Stock Exchange. The submission was made pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were published in the Financial Express and Jansatta newspapers on May 12, 2026.

Financial Performance

The company reported a net loss of ₹11.16 lakhs for the full year ended March 31, 2026, compared to a net loss of ₹21.06 lakhs in the previous year. Oscar Global continued to report no revenue from operations during the period under review. Total income for FY26 stood at ₹14.43 lakhs, comprising entirely of other income, down from ₹15.51 lakhs in FY25. Total expenses decreased significantly to ₹25.59 lakhs from ₹36.57 lakhs in the prior year, driven by lower administrative and other expenses.

Metric (₹ Lakhs)	Q4 FY26	FY26	FY25
Total Income	3.94	14.43	15.51
Total Expenses	8.24	25.59	36.57
Net Loss	(4.30)	(11.16)	(21.06)
Basic EPS	(0.13)	(0.34)	(0.64)

Board Approval and Auditor's Report

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on May 09, 2026. The statutory auditors, M/s D.V. Mittal & Co., issued an unmodified audit opinion. The auditors noted a complete change in promoter shareholding following agreements in September 2025 and a subsequent open offer. Additionally, the auditors highlighted that the company has not carried out significant revenue-generating activities in recent years. The financial statements were prepared on a going concern basis based on the new management's future business plans.