BSEOscar Global LtdHighNegative
Announced Sat, 4 Apr · 14:08 IST

Mr. Pawan Chadha resigned from directorship as well as Chief Financial Officer w.e.f 6/4/2026 as per outcome of the Board meeting held on 4/4/2026.

Cfo ResignedMultiple Ind Directors ResignedKmp ResignedPromoter Family Board EntryManagement Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Oscar Global Limited has undergone a sweeping board overhaul following the completion of a Share Purchase Agreement (SPA) dated September 30, 2025, under which Mr. Gopal Bhatter becomes the acquirer. Five new directors have joined the board: Mr. Gopal Bhatter and his wife Ms. Sonia Bhatter and sister Ms. Monika Bhatter as additional directors, plus two new independent directors Mr. Radheshyam Pandey and Mr. Arvind Ganpat Desai. On the exit side, Mr. Pawan Chadha stepped down as Director and CFO, Mr. Karan Kanika Verma resigned as Managing Director, three other directors (including two independent directors Ms. Nishu and Mr. Sanjeev Rathore) also resigned, and Company Secretary Ms. Nitasha Sinha quit. Ms. Neelam Saboo has been appointed as the new Company Secretary. The board has also approved reclassification of existing promoters — Satish Verma, Pawan Chadha, Karan Kanika Verma, Varun Chadha, Arpita Verma, Kanika Audio Visuals Pvt Ltd, and Akanksha Viniyog Ltd — from 'promoter' category to 'public' category, confirming the change of control.

Likely market impact

This is a significant change-of-control event for a small-cap stock. The old promoter group is exiting, and the new acquirer (Gopal Bhatter) along with his family is taking over the board. Shareholders should expect a strategic shift in the company's direction; new management will need time to settle in, and key positions like CFO and MD are currently vacant after these resignations.