Oscar Global Limited's open offer for acquisition of equity shares has concluded with minimal shareholder participation, according to the post-offer advertisement published on February 02, 2026. The offer was conducted by acquirers Gopal Bhattar and Gopal Bhattar HUF under SEBI's Substantial Acquisition of Shares and Takeovers (SAST) Regulations.

Open Offer Performance

The open offer, which ran from January 02, 2026 to January 16, 2026, witnessed significantly lower participation than targeted. Axial Capital Private Limited served as the Manager to the Offer, while Purva Sharegistry (India) Private Limited acted as the Registrar.

Shareholding Structure

The acquirers had initially obtained 14,46,703 shares through agreement before the public announcement, representing 43.84% of Oscar Global's fully diluted equity share capital of 33,00,000 shares. The company's share capital comprises 32,83,600 fully paid-up equity shares and 16,400 partly paid-up equity shares, each with a face value of Rs. 10.

Regulatory Compliance

The post-offer advertisement was published in compliance with Regulation 18(12) of SEBI (SAST) Regulations across multiple newspapers including Financial Express (English), Jansatta (Hindi), and Mumbai Lakshadweep (Marathi). The consideration payment for the 201 tendered shares was completed on January 30, 2026, as per regulatory requirements.

The acquirers have accepted full responsibility for the information contained in the post-offer advertisement and remain committed to fulfilling their obligations under SEBI (SAST) Regulations. The complete documentation is available on SEBI's website, BSE Limited's portal, and the manager's website for public access.

Oscar Global Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showing a significant improvement in its loss position compared to the previous year. The Board of Directors approved these results at their meeting held on January 28, 2026.

Financial Performance Overview

The company's financial performance for Q3FY26 demonstrates a notable improvement in loss reduction. Oscar Global reported a net loss of ₹0.43 lac for the quarter, marking a substantial improvement from the ₹7.67 lac loss recorded in Q3FY25.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Oscar Global's financial position showed considerable improvement. The company recorded a total income of ₹11.60 lac against total expenses of ₹18.45 lac, resulting in a net loss of ₹6.86 lac. This represents a significant improvement when compared to the full-year FY25 loss of ₹21.06 lac.

Revenue and Expense Structure

Oscar Global continues to operate without revenue from operations, with its total income comprising entirely of other income. The company's expense structure shows significant cost control measures:

• Employee benefits expense: ₹2.94 lac in Q3FY26 compared to ₹2.95 lac in Q3FY25
• Other expenses: ₹1.20 lac in Q3FY26, substantially reduced from ₹8.81 lac in Q3FY25
• Finance costs and depreciation: Minimal at ₹0.00 lac for the quarter

Corporate Governance and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors. The company's statutory auditors, D.V. Mittal & Co., issued a Limited Review Report without any qualifications or modified opinions. The company maintains a paid-up equity share capital of ₹329.18 lac with a face value of ₹10 per share.

Operational Context

Oscar Global operates in a single business segment and has prepared its results in accordance with Indian Accounting Standards (Ind AS). The company noted that it is not required to comply with Ind AS-18 (Revenue Recognition) as there was no revenue from operations during the period under review.