Oscar Global Limited reported a narrowed standalone loss of ₹1.44 lakh for the quarter ended June 30, 2026, compared to a loss of ₹3.09 lakh in the same period last year.

The company also informed the Bombay Stock Exchange (BSE) that it has rectified a filing discrepancy by uploading the correct limited review report in place of the inadvertently submitted standalone auditor's report.

Financial Performance

Oscar Global recorded no revenue from operations during the quarter, consistent with its status as a shell entity undergoing management transition. Total income stood at ₹3.94 lakh, derived entirely from other income sources.

Total expenses decreased to ₹5.38 lakh from ₹7.74 lakh in the corresponding quarter of FY25. This reduction was driven primarily by lower employee benefit expenses, which fell to ₹0.77 lakh from ₹2.64 lakh previously.

The net loss per share was ₹0.04, an improvement from ₹0.09 in the prior year quarter. For the full year ended March 31, 2026, the company reported a total loss of ₹11.16 lakh against zero operational revenue.

Corporate Developments

The independent auditor’s review report highlighted significant changes in the company’s governance structure. A complete change in promoter shareholding occurred during FY26 following share purchase agreements dated September 30, 2025, and a mandatory open offer under SEBI takeover regulations.

Consequently, erstwhile promoter directors, independent directors, and the company secretary resigned in April 2026. New directors and a company secretary were appointed subsequently. The auditor noted that while the company has not undertaken significant revenue-generating operations in recent years, the financial statements have been prepared on a going-concern basis based on new management’s future business plans.

What the Numbers Show

The narrowing loss is attributable to cost containment rather than revenue generation. With zero operational revenue, the 53% decline in net loss reflects a 30% drop in total expenses, largely due to reduced employee benefits. This indicates the new management is minimizing overheads during the transition phase before commencing active business operations.

Oscar Global Limited reported a narrowed net loss of ₹1.44 lakh for the quarter ended June 30, 2026, compared to a loss of ₹3.09 lakh in the corresponding period of the previous year. The company continues to operate without any revenue-generating activities, with total income restricted to other income of ₹3.94 lakh. This financial performance reflects the ongoing transition phase following a complete change in promoter shareholding and management control during FY25-26, as highlighted in the auditor’s emphasis of matter. The narrowing loss indicates a reduction in operational burn rate under the new management regime.

The Board of Directors approved the unaudited financial results on August 12, 2026, pursuant to Regulation 33 and Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In addition to the financials, the Board approved a change in designation for Gopal Bhattar (DIN: 07465307), moving him from non-executive non-independent director and CFO to Whole Time Director. This appointment is subject to approval by shareholders at the upcoming 35th Annual General Meeting.

Financial Performance Overview

The company recorded no revenue from operations for the quarter, consistent with its status as an entity that has not undertaken significant revenue-generating operations in recent years. Total expenses stood at ₹5.38 lakh, driven primarily by other expenses of ₹4.61 lakh and employee benefits expense of ₹0.77 lakh. Depreciation and amortisation expense was nil for the current quarter, whereas it was ₹0.03 lakh in the previous quarter ended March 31, 2026.

What the Numbers Show

The narrowing of the net loss from ₹3.09 lakh to ₹1.44 lakh year-on-year is primarily attributable to a reduction in employee benefits expense, which fell from ₹2.64 lakh to ₹0.77 lakh. This suggests a leaner operational cost structure under the new management regime. However, with zero revenue from operations, the company remains dependent on other income to offset its fixed costs. The paid-up equity share capital remained unchanged at ₹329.18 lakh, indicating no fresh equity infusion during the quarter. The earnings per share stood at a loss of ₹0.04, improving from a loss of ₹0.09 in the prior year quarter.

Auditor’s Report and Going Concern

D.V. Mittal & Co., Chartered Accountants, issued a limited review report stating that the financial results give a true and fair view of the net loss. The auditor included an emphasis of matter noting the complete change in promoter shareholding during FY25-26 via Share Purchase Agreements dated September 30, 2025, and the subsequent resignation of erstwhile promoters and independent directors in April 2026. Despite the lack of significant revenue-generating operations, the financial results were prepared on a going-concern basis, based on the new management’s future business plans.