Oscar Global Limited has announced the cessation of Mr. Karan Kanika Verma from his position as Managing Director, effective from the closure of business hours on April 30, 2026. The company communicated this development to the Bombay Stock Exchange through a regulatory filing under SEBI (LODR) Regulations, 2015.

Timeline of Events

The cessation follows a series of events that began with Mr. Verma's initial resignation. He had tendered his resignation from the position of Director through a letter dated April 04, 2026, with the resignation originally set to take effect from April 10, 2026.

However, upon Mr. Verma's request and considering the company's interests, the Board of Directors approved an extension of his tenure for an additional 20 days, extending his service until the closure of business hours on April 30, 2026.

Official Company Communication

The company issued an official communication dated May 01, 2026, to the Deputy General Manager, Listing Compliance at Bombay Stock Exchange Limited. The letter, bearing scrip code 530173, formally notified the exchange about the completion of Mr. Verma's extended tenure. The communication emphasized that the cessation occurred upon completion of the previously approved extension period from April 10, 2026 up to closure of business hours on April 30, 2026.

Regulatory Disclosure Details

As per SEBI requirements, Oscar Global Limited provided comprehensive details about the cessation in Annexure-A of their filing:

Corporate Governance Compliance

The disclosure was signed by Gopal Bhattar, Additional Executive Director (DIN: 07465307), on behalf of Oscar Global Limited. The communication demonstrates the company's commitment to maintaining transparency with stakeholders and regulatory authorities regarding significant changes in its leadership structure. The filing complies with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and references the SEBI Master Circular dated January 30, 2026.

Oscar Global Limited has submitted its quarterly compliance certificate to the Bombay Stock Exchange (BSE) under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended March 31, 2026. The filing, made on April 15, 2026, demonstrates the company's adherence to mandatory regulatory requirements for dematerialization processes.

Regulatory Compliance Details

The certificate was prepared and submitted by Indus Shareshree Private Limited, which serves as the company's Registrar and Share Transfer Agent (RTA). The document confirms compliance with multiple regulatory circulars and guidelines issued by market regulators.

Dematerialization Process Confirmation

The RTA certificate confirms that all securities received from depository participants for dematerialization during the quarter were properly processed and confirmed to the depositories. The compliance document specifically states that securities comprised in the certificates have been listed on stock exchanges where the company's earlier issued securities are already listed.

Key compliance confirmations include:

• Securities received for dematerialization were accepted or rejected as appropriate
• Security certificates were mutilated and cancelled after due verification
• Depository names were substituted in the register of members within 15 days
• All processes followed the guidelines established by NSDL and CDSL circulars

Corporate Information

Oscar Global Limited, incorporated under CIN L51909DL1990PLC041701, operates from its registered office at E-41 & 42 Sector-08, Noida-201301. The compliance certificate was signed by Gopal Bhattar, Additional Executive Director (DIN: 07465307), on behalf of the company.

The RTA certificate was signed by R S Kushwaha, Compliance Officer at Indus Shareshree Private Limited, dated April 6, 2026. Indus Shareshree operates as a Category 1 Registrar and Transfer Agent with membership in NSE, BSE, and MCX, and serves as a depository participant for both NSDL and CDSL.