Oscar Global Reports FY26 Net Loss of ₹11.16 Lakhs; Board Approves Audited Results
Oscar Global Limited reported a net loss of ₹11.16 lakhs for FY26, a significant improvement from ₹21.06 lakhs in FY25, with total income of ₹14.43 lakhs comprising entirely of other income and zero revenue from operations. Total assets stood at ₹287.21 lakhs, while cash and cash equivalents declined to ₹53.76 lakhs. Auditors highlighted a complete 100% change in promoter shareholding and the absence of significant revenue-generating activities, with financial statements prepared on a going concern basis.
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Oscar Global Limited's Board of Directors met on Saturday, May 09, 2026, and approved the company's audited standalone financial results for the quarter and financial year ended March 31, 2026. The outcome was submitted to the Bombay Stock Exchange pursuant to Regulation 33 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting commenced at 4:30 PM and concluded at 5:05 PM. The results were reviewed by the Audit Committee prior to board approval, and the statutory auditors, M/s D.V. Mittal & Co., Chartered Accountants (FRN: 002997N), issued an unmodified audit opinion on the financial results.
Financial Performance
Oscar Global continued to report no revenue from operations during the period under review, with total income comprising entirely of other income. The company recorded a net loss for the full year, though the loss narrowed significantly compared to the previous year. The following table presents the key financial metrics for the quarter and full year:
| Metric: | Q4 FY26 | Q3 FY26 | Q4 FY25 | FY26 | FY25 |
|---|---|---|---|---|---|
| Revenue from Operations: | – | – | – | – | – |
| Other Income (₹ Lakhs): | 3.94 | 3.71 | 4.54 | 14.43 | 15.51 |
| Total Income (₹ Lakhs): | 3.94 | 3.71 | 4.54 | 14.43 | 15.51 |
| Total Expenses (₹ Lakhs): | 8.24 | 4.14 | 11.80 | 25.59 | 36.57 |
| Net Loss (₹ Lakhs): | (4.30) | (0.43) | (7.26) | (11.16) | (21.06) |
| Basic EPS (₹): | (0.13) | (0.01) | (0.22) | (0.34) | (0.64) |
| Diluted EPS (₹): | (0.13) | (0.01) | (0.22) | (0.34) | (0.64) |
Total expenses for FY26 stood at ₹25.59 lakhs, compared to ₹36.57 lakhs in FY25, driven by lower employee benefits expense of ₹10.88 lakhs (vs. ₹11.08 lakhs) and a significant reduction in other expenses to ₹14.67 lakhs (vs. ₹25.45 lakhs). The company reported nil tax expense for both periods, and there were no exceptional items. The paid-up equity share capital remained unchanged at ₹329.18 lakhs (face value of ₹10 each).
Balance Sheet Highlights
The company's total assets stood at ₹287.21 lakhs as at March 31, 2026, compared to ₹315.76 lakhs in the previous year. The key balance sheet figures are summarised below:
| Parameter: | 31st March 2026 (₹ Lakhs) | 31st March 2025 (₹ Lakhs) |
|---|---|---|
| Property, Plant & Equipment: | 0.06 | 0.09 |
| Other Non-Current Assets: | 223.13 | 213.00 |
| Cash and Cash Equivalents: | 53.76 | 86.53 |
| Other Financial Assets (Current): | 8.83 | 14.58 |
| Total Assets: | 287.21 | 315.76 |
| Equity Share Capital: | 329.18 | 329.18 |
| Other Equity: | (42.14) | (30.98) |
| Total Equity: | 287.04 | 298.20 |
| Other Financial Liabilities (Current): | 0.17 | 6.30 |
| Total Equity & Liabilities: | 287.21 | 315.76 |
Cash Flow Summary
The company's cash and cash equivalents declined from ₹86.53 lakhs to ₹53.76 lakhs during FY26, reflecting a net decrease of ₹32.77 lakhs. Net cash used in operating activities was ₹(36.99) lakhs, compared to ₹(36.21) lakhs in FY25. Net cash from investing activities was ₹4.22 lakhs (FY25: ₹5.32 lakhs), with no cash flows from financing activities in either period.
Auditor's Emphasis of Matter and Going Concern
The statutory auditors drew attention to two significant matters. First, the company underwent a complete change in promoter shareholding following Share Purchase Agreements dated September 30, 2025, under which incoming promoters acquired 14,46,703 equity shares representing 43.84% of the existing equity share capital. This was followed by a mandatory open offer under the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, resulting in a 100% change in promoter shareholding. Subsequent to the year-end, during April 2026, the erstwhile promoter directors, independent directors, and Company Secretary resigned, with new appointees taking their place. Second, the auditors noted that the company has not carried out any significant revenue-generating operational activities during the last several financial years. The financial statements have been prepared on a going concern basis based on management's assessment and the future business plans of the new management. The auditors' opinion was not modified in respect of either matter. The intimation was signed by Gopal Bhattar, Whole Time Director (DIN: 07465307), on behalf of Oscar Global Limited.
What specific business plans does Oscar Global's new management intend to pursue to generate revenue from operations, and what timeline have they set for achieving operational profitability?
How will the complete change in promoter shareholding and the subsequent board reconstitution in April 2026 influence Oscar Global's strategic direction and potential sector pivot?
Given the company's declining cash reserves dropping from ₹86.53 lakhs to ₹53.76 lakhs, what fundraising or capital allocation strategies might the new management employ to sustain operations before revenue generation begins?
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