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.

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.

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.