BSEOscar Global LtdMediumNeutral
Announced Sat, 4 Apr · 13:58 IST

Ms. Neelam Saboo appointed as company secretary and compliance officer w.e.f 7/4/2026 as per attached outcome of the Board meeting held on 4/4/2026.

Promoter Family Board EntryCfo ResignedMultiple Ind Directors ResignedDirector Flagged GovernanceManagement Changes View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Oscar Global Ltd's board meeting on April 4, 2026 resulted in major leadership changes following a Share Purchase Agreement dated September 30, 2025. The new acquirer Mr. Gopal Bhatter (along with family members Ms. Sonia Bhatter and Ms. Monika Bhatter) joined as Additional Directors. Two new Independent Directors (Mr. Radheshyam Pandey and Mr. Arvind Ganpat Desai) were also appointed. Simultaneously, six key persons resigned including Managing Director Mr. Karan Kanika Verma, CFO Mr. Pawan Chadha, Company Secretary Ms. Nitasha Sinha, and three Independent Directors. The Board also approved re-classification of seven entities/persons from promoter to public category, indicating a change of control.

Likely market impact

This represents a complete change of management and control. The acquirer group now controls the board while all previous management KMPs have exited. Shareholders should monitor for potential strategic changes given the new promoter's background in agro products and textiles.