Gopal Bhattar and Gopal Bhattar HUF have completed a major acquisition in Oscar Global Limited, substantially increasing their combined shareholding through strategic off-market transactions. The acquisition represents a significant consolidation of ownership in the BSE-listed company.

Acquisition Details

The substantial acquisition involved the purchase of 1,032,591 equity shares, representing 31.30% of Oscar Global Limited's total share capital. The transaction was executed through off-market mechanisms as per a Share Purchase Agreement dated September 30, 2025, combined with an open offer process.

Shareholding Transformation

The acquisition has resulted in a dramatic shift in the ownership structure of Oscar Global Limited. Prior to this transaction, Gopal Bhattar and Gopal Bhattar HUF held a combined stake of 414,112 shares, representing 12.54% of the company's equity capital.

Transaction Breakdown

The acquisition was completed in two separate transactions on March 30, 2026. Gopal Bhattar HUF acquired 826,500 equity shares in the first transaction, followed by an additional acquisition of 206,091 equity shares in the second transaction, both executed as Persons Acting in Concert (PAC).

Company Structure

Oscar Global Limited maintains a stable equity structure with Rs. 3.30 crore in share capital, divided into 3,300,000 equity shares of Rs. 10 each. The company's shares are listed on BSE Limited, and the total diluted share capital remains unchanged at Rs. 3.30 crore following the acquisition.

Regulatory Compliance

The disclosure was filed under Regulation 29(2) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, dated April 14, 2026. Gopal Bhattar and Gopal Bhattar HUF are identified as belonging to the promoter group pursuant to the Share Purchase Agreement dated September 30, 2025, operating as Persons Acting in Concert in this acquisition.

Oscar Global Limited announced a comprehensive restructuring of its board of directors and key management positions following a board meeting conducted on April 4, 2026. The meeting, which commenced at 1.00 P.M. and concluded at 1.26 P.M., resulted in significant changes to the company's leadership structure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New Director Appointments

The company appointed five new directors as part of the restructuring process. Three family members were appointed as additional directors pursuant to the Share Purchase Agreement dated September 30, 2025.

Mr. Gopal Bhattar, a Chartered Accountant and Company Secretary, brings 15 years of experience in manufacturing of agro and textile products. He is associated with M/s Bhattar & Associates, specializing in bank audits and tax litigation, and serves as promoter and director of M/s Rukhm Industries Limited, engaged in psyllium husk manufacturing.

Ms. Sonia Bhattar, a graduate with D Pharmacy qualification, has 10 years of experience in manufacturing agro and textile products. She is a partner in M/s GSB Enterprises and promoter-director of M/s Rukhm Industries Limited.

Ms. Monika Bhattar holds a B.Sc degree and has 10 years of experience in manufacturing agro and textile products. She previously served as Director of M/s Rathi Style and Textile Company Pvt. Ltd. from 2017 to 2021.

Independent Directors

Mr. Radheshyam Pandey brings over 25 years of experience in finance and administration, with expertise in project lifecycle costing, tender administration, and revenue recovery. He has worked extensively with government and municipal contracts in the infrastructure and electrical engineering industries.

Mr. Arvind Ganpat Desai has vast experience in corporate governance, financial and business management, and real estate construction projects. He previously served as Independent Director at Visagar Financial Services Limited from September 30, 2008 to April 16, 2019.

Key Personnel Resignations

The company accepted resignations from six key personnel across different dates:

The resignations were attributed to various reasons including professional commitments, personal reasons, and fulfillment of SPA conditions. All resigning independent directors confirmed no material reasons beyond those stated in their resignation letters.

Additional Corporate Actions

The board approved the re-classification of several individuals and entities from 'promoter category' to 'public', including Mr. Satish Verma, Mr. Pawan Chadha, Mr. Karan Kanika Verma, Mr. Varun Chadha, Ms. Arpita Verma, Kanika Audio Visuals Private Limited, and Akanksha Viniyog Ltd.

Ms. Neelam Saboo (membership No. A66555) was appointed as Company Secretary and Compliance Officer effective April 7, 2026. She is a graduate and associate member of ICSI with approximately 5 years of experience in finance and accounts, including expertise in financial reporting, payroll management, and internal audits.

The company stated that these changes should be treated as price sensitive information as per SEBI PIT Regulations, reflecting the significant nature of the board restructuring.