Oasis Securities Limited has announced significant developments following its board meeting on July 28, 2025. The company addressed two key matters: the approval of financial results and the rescheduling of its Annual General Meeting (AGM).

Financial Results Approval

The Board of Directors approved the standalone unaudited financial results for the quarter ended June 30, 2025. These results were reviewed by the Audit Committee and subsequently approved by the Board. The company has also taken on record the Limited Review Report for the same period.

AGM Rescheduling

In an unexpected turn of events, Oasis Securities' 38th Annual General Meeting, originally scheduled for July 28, 2025, was adjourned due to technical irregularities. The company disclosed that the meeting, initially planned as a virtual event, was changed to a physical mode at the last minute. However, this change led to a violation of Section 96(2) of the Companies Act, 2013, as the physical meeting was held at a venue outside the city where the company's registered office is located.

Key Details of the Rescheduled AGM

Compliance and Transparency

Rajesh Kumar Sodhani, Managing Director of Oasis Securities, stated that the decision to adjourn and reschedule the AGM was made in the interest of good governance and full compliance with regulatory requirements. The company will circulate a fresh AGM notice to shareholders via email and post it on the company's website, providing detailed instructions for participation and e-voting.

Oasis Securities has requested the BSE to take this information on record as part of their compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Investors and shareholders are advised to look out for the fresh AGM notice and follow the provided instructions for participation in the rescheduled meeting.

Oasis Securities Limited (BSE: 512489) has announced significant developments following its board meeting on July 28, 2025. The company approved its standalone unaudited financial results for the quarter ended June 30, 2025, and addressed an unexpected issue with its 38th Annual General Meeting (AGM).

Financial Results Approval

The Board of Directors of Oasis Securities convened on July 28, 2025, and approved the company's standalone unaudited financial results for the quarter ended June 30, 2025. The financial statements were reviewed by the Audit Committee and subsequently approved by the Board. A limited review of these results was conducted by the statutory auditors, Rajvanshi & Associates, Chartered Accountants.

AGM Adjournment and Rescheduling

In an unexpected turn of events, the company's 38th AGM, originally scheduled for July 28, 2025, was adjourned due to technical and legal irregularities. The meeting, initially planned as a virtual event, was changed to a physical mode at the last minute. However, the venue was inadvertently set outside the city where the company's registered office is located, violating Section 96(2) of the Companies Act, 2013.

Rajesh Kumar Sodhani, Managing Director of Oasis Securities, stated, "In light of this technical and legal irregularity, and in the interest of good governance and full compliance, the Board has decided to treat the AGM as adjourned before transacting any substantive business."

New AGM Details

The adjourned AGM has been rescheduled for September 1, 2025, at 11:00 AM IST. It will be conducted through Video Conferencing (VC) or Other Audio-Visual Means (OAVM), in accordance with the relevant Ministry of Corporate Affairs (MCA) and Securities and Exchange Board of India (SEBI) circulars.

Key dates for the rescheduled AGM include:

The company will circulate a fresh AGM notice to all shareholders via email, which will also be available on the company's website and the e-voting agency's platform.

Compliance and Transparency

Oasis Securities has emphasized its commitment to good governance and regulatory compliance. The company has filed the necessary disclosures with the BSE Ltd. under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholders and investors are advised to refer to the upcoming AGM notice for detailed instructions on participation and e-voting procedures for the rescheduled meeting.

As Oasis Securities navigates through these corporate governance challenges, the company's management remains focused on maintaining transparency and adherence to regulatory requirements in its operations and shareholder communications.