Oseaspre Consultants Limited has recommended a dividend of ₹87 per equity share for the financial year ended March 31, 2026, subject to the approval of shareholders. The Board of Directors has also scheduled the 44th Annual General Meeting (AGM) for June 19, 2026, to adopt the audited financial statements and approve the proposed dividend.

For the financial year 2025-26, the company reported a loss after tax of ₹18.27 lakh, a reversal from the profit of ₹3.98 lakh recorded in the previous year. This decline was primarily driven by the absence of revenue from operations during the current year, which stood at nil compared to ₹18 lakh in FY25. Total income for the year decreased to ₹3.32 lakh from ₹21.80 lakh in the previous year. The company’s total assets stood at ₹217.26 lakh as of March 31, 2026, with cash and cash equivalents constituting a significant portion at ₹209.83 lakh.

Financial Performance

The company’s financial results for FY26 indicate a shift in its income composition. While revenue from operations ceased, other income, comprising interest income and profit on the sale of mutual funds, contributed to the total income. Expenses for the year amounted to ₹20.41 lakh, slightly higher than the ₹17.82 lakh incurred in the previous year. The loss before tax for the year was ₹17.09 lakh.

Dividend and AGM Details

The Board has proposed a dividend of ₹87 per share on equity shares of ₹10 each. If approved, the total payout will amount to ₹174 lakh, based on the company's issued, subscribed, and paid-up equity share capital of 2,00,000 shares. The record date for determining shareholder eligibility for the dividend is fixed for June 12, 2026. The AGM will be held at the company's registered office in Mumbai on June 19, 2026, at 12:30 P.M.

Corporate Governance and Compliance

The statutory auditors, M/s. Manek and Associates, have issued an unqualified report on the financial statements for the year ended March 31, 2026. The auditors noted that the company used accounting software with an audit trail feature throughout the year, and no instances of tampering were observed. The secretarial audit report conducted by M/s. Parikh & Associates confirmed that the company generally complied with statutory provisions during the audit period.

The company has not accepted any public deposits during the financial year and has no outstanding loans, guarantees, or investments under Section 186 of the Companies Act, 2013. The Board of Directors has recommended the re-appointment of Mr. Jairaj Champaklal Bham, who retires by rotation at the ensuing AGM.

Oseaspre Consultants held its Board of Directors meeting on May 15, 2026, wherein the board considered and approved the audited financial results for the quarter and financial year ended March 31, 2026, in compliance with Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The meeting commenced at 3:30 P.M. (IST) and concluded at 4:25 P.M. (IST). The intimation was signed by Ganesh S. Pardeshi, Company Secretary (Membership No.: A29080), and submitted to BSE Limited.

Board Meeting Outcome

The board transacted the following key agenda items during the meeting:

Financial Performance

The company reported a net loss after tax of ₹18.28 lakhs for the full financial year ended March 31, 2026, compared to a net profit of ₹3.98 lakhs in the previous year. For the quarter ended March 31, 2026, the net loss stood at ₹6.47 lakhs, against a net profit of ₹14.25 lakhs in the corresponding quarter of the previous year. Total income for the full year declined to ₹3.32 lakhs from ₹21.80 lakhs, as revenue from operations was nil for FY26 compared to ₹18.00 lakhs in FY25. The following table presents the key financial results:

Other Comprehensive Income (OCI) for FY26 stood at ₹160.56 lakhs, primarily driven by a realization on sale of equity instruments amounting to ₹178.52 lakhs (net of tax of ₹17.50 lakhs), partially offset by an actuarial valuation loss of ₹0.61 lakhs (net of tax benefit of ₹0.15 lakhs). As a result, total comprehensive income for the full year was ₹142.28 lakhs.

Balance Sheet Highlights

The company's balance sheet as at March 31, 2026 reflected a significant improvement in cash and cash equivalents, which rose to ₹209.83 lakhs from ₹0.77 lakhs in the previous year, largely on account of proceeds from investing activities. Total assets stood at ₹217.26 lakhs as against ₹72.84 lakhs in the prior year. The following table summarises the key balance sheet figures:

Cash Flow Summary

For the financial year ended March 31, 2026, net cash used in operating activities was ₹21.92 lakhs, while net cash generated from investing activities amounted to ₹230.98 lakhs, primarily from the sale of investments measured at FVTOCI (₹178.52 lakhs) and proceeds from mutual funds. There were no financing activities during the year. As a result, net cash and cash equivalents increased by ₹209.06 lakhs during the year, closing at ₹209.83 lakhs.

Dividend and AGM Details

The board has recommended a final dividend of ₹87/- per equity share of ₹10/- each for the financial year ended March 31, 2026, subject to approval at the 44th Annual General Meeting scheduled for Friday, June 19, 2026. The dividend, if declared, will be paid subject to deduction or withholding of applicable taxes within the timelines prescribed under law. The Register of Members and Share Transfer Books will remain closed from Saturday, June 13, 2026 to Friday, June 19, 2026 (both days inclusive), with Friday, June 12, 2026 as the record date for the AGM and final dividend.

Regulatory Compliance and Audit

The audited financial results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 15, 2026. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. M/s Manek & Associates, Chartered Accountants, issued an unmodified audit opinion on the annual audited financial results for FY26. The results were published in accordance with Regulation 33 of the SEBI (LODR) Regulations, 2015, and are also available on the company's website. The company has no reportable segments as per Ind AS 108, 'Operating Segment'.