Oscar Global Limited Open Offer Timeline Extended to January 2026
Oscar Global Limited has issued a corrigendum through Axial Capital Private Limited, revising the timeline for its ongoing open offer. The offer, initiated by Mr. Gopal Bhatter and M/s Gopal Bhatter HUF, aims to acquire 26% of the company's equity share capital. Key dates have been significantly extended, with the tendering period now set to start on January 2, 2026, and end on January 15, 2026. The acquirers have deposited ₹26,06,200.00 in an escrow account, representing 25% of the total consideration. The company has faced a fine from BSE Limited for delayed compliance with certain SEBI regulations. The Letter of Offer with amendments will be dispatched by December 26, 2025.
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Oscar Global Limited has announced significant timeline revisions for its ongoing open offer through a corrigendum issued by Axial Capital Private Limited, the manager to the offer. The open offer, initiated by acquirers Mr. Gopal Bhatter and M/s Gopal Bhatter HUF, aims to acquire up to 8,58,000 equity shares of face value ₹10.00 each, representing 26% of the company's equity share capital.
Revised Timeline Schedule
The corrigendum introduces substantial changes to the original activity schedule, with most key dates being extended significantly. The revised timeline provides additional time for various regulatory and operational requirements.
| Activity | Original Schedule | Revised Schedule |
|---|---|---|
| Letter of Offer Dispatch | November 19, 2025 | December 26, 2025 |
| Independent Committee Recommendation | November 21, 2025 | December 30, 2025 |
| Upward Revision Deadline | November 24, 2025 | December 31, 2025 |
| Tendering Period Start | November 26, 2025 | January 02, 2026 |
| Tendering Period End | December 09, 2025 | January 15, 2026 |
| Payment Completion | December 23, 2025 | January 30, 2026 |
Financial and Regulatory Details
The acquirers have established proper escrow arrangements in compliance with SEBI regulations. An escrow account has been opened with Kotak Mahindra Bank Limited bearing account number 8052007459. The acquirers have deposited ₹26,06,200.00 in cash, representing 25% of the total consideration payable under the open offer assuming full acceptance.
Company and Regulatory Status
Oscar Global Limited, incorporated under the Companies Act 1956 and having its registered office at 1/22, Second Floor, Asaf Ali Road, Delhi 110002, maintains active trading status on BSE Limited. Out of the total issued shares of 33,00,000 equity shares, 32,83,600 equity shares are fully paid-up while 16,400 equity shares remain partly paid-up.
The corrigendum clarifies that BSE Limited has levied a fine of ₹73,160.00 against the target company for delayed compliance with Regulations 27(2) and 31, and non-compliance with Regulation 6(1) of the SEBI LODR Regulations. However, no other penal actions or proceedings are pending against the target company, its promoters, or directors under SEBI Act 1992.
Acquirer Background and Compliance
The disclosure confirms that no penal actions or proceedings are pending against the acquirers under SEBI Act 1992 and regulations made thereunder by any regulator. Additionally, no penalties have been levied by SEBI, RBI, or stock exchanges against the acquirers. The target company and its existing promoters, directors, and key managerial personnel have not been categorized as wilful defaulters by any bank or financial institution, nor declared as fugitive economic offenders.
Implementation Details
Axial Capital Private Limited, registered with SEBI under registration number INM000013226, continues to serve as the manager to the open offer. The corrigendum maintains that all other terms, conditions, and contents of the open offer and detailed public statement remain unchanged except for the specified amendments. The Letter of Offer incorporating these amendments will be dispatched to eligible shareholders on or before December 26, 2025.
The tendering period for the open offer has been revised to start on January 2, 2026, providing shareholders with updated information on the acquisition process.
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