AGM Proceedings Update: Adjournment due to Technical Reasons and Announcement of New date for adjourned meeting.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Oasis Securities Ltd held its Annual General Meeting (AGM) on July 28, 2025, but had to declare it as adjourned because of a procedural error. The AGM was originally planned in virtual mode (as done last year) but was shifted to a physical venue at the last minute. This venue was outside the city of the company's registered office in Mumbai, which violates Section 96(2) of the Companies Act, 2013 — physical AGMs must be held at the registered office or within the same city. The Board of Directors met on the same day and decided to treat the meeting as adjourned due to this legal irregularity. A new adjourned AGM has been scheduled for Monday, September 1, 2025, at 11:00 AM IST, and will be conducted via Video Conferencing (VC) or Other Audio-Visual Means (OAVM). Shareholders will receive a fresh notice with participation and voting instructions.
This is a compliance correction rather than a business event, so there is no direct impact on the company's financials or operations. Shareholders should simply note the new AGM date of September 1, 2025, and await the fresh notice. The episode highlights weaker compliance oversight but is unlikely to move the stock.