Oseaspre Consultants promoters have entered into a share purchase agreement to sell a controlling stake in the company to Nimesh Sahadeo Singh. The deal involves the transfer of 73.52% of the equity shares for a cash consideration of ₹70,58,064.

The agreement was executed on September 18, 2026. Oseaspre Consultants is not a party to the transaction but received the agreement copy on the same date. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Deal Structure and Parties

The sellers include Nowrosjee Wadia and Sons Limited, Tristar Charitable Foundation, Varnilam Investments and Trading Company Limited, Mr. Jehangir Nusli Wadia, and MSIL Investments Private Limited. Collectively, these entities hold 1,47,043 fully paid-up equity shares.

Mr. Nimesh Sahadeo Singh is the sole acquirer. He has no existing relationship with the target company or its promoter group. The transaction is not classified as a related-party deal.

Regulatory Implications

Upon successful completion of the purchase, Mr. Singh intends to be classified as the promoter of the company. The sellers will be reclassified as part of the public category under Regulation 31A (10) of the SEBI LODR Regulations.

The acquirer is required to make an open offer to public shareholders in accordance with the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The cash consideration is subject to the successful completion of this open offer.

No restrictions or liabilities are imposed on Oseaspre Consultants as it is not a party to the SPA. There are no board nominations or conflict-of-interest disclosures associated with the agreement.

Oseaspre Consultants board approved a preferential issue of up to 5,00,000 equity shares at ₹48 per share on September 18, 2026. The transaction requires shareholder approval at an extraordinary general meeting scheduled for October 30, 2026.

The company also approved increasing its authorized share capital from ₹20,00,000 to ₹70,00,000. This increase involves raising the number of equity shares from 2,00,000 to 7,00,000, with a face value of ₹10 per share.

Investor Details

The preferential issue targets non-promoter public investors. Nimesh Sahadeo Singh is the largest proposed allottee, receiving 3,25,000 shares. Other investors include Jaya Prem Rajdev, Pramesh Wealth Private Limited, Modi Jaymin Piyushbhai, Vanita Pravin Patel, Mittal Nilesh Sangani, and Neha Manish Shanghvi.

What the Numbers Show

Nimesh Sahadeo Singh’s proposed acquisition of 3,25,000 shares would result in a post-issue holding of 46.43%. This concentration indicates a significant shift in ownership structure, with a single non-promoter investor poised to hold nearly half of the company’s equity upon full subscription.

Regulatory Compliance

The approvals were made in accordance with Regulation 30 of SEBI (LODR) Regulations and Chapter V of SEBI (ICDR) Regulations. CS Nuren Nirmal Lodaya was appointed as the scrutinizer for the upcoming EGM to oversee e-voting processes.