Announcement under Regulation 30 (LODR)- Change in Management
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Oasis Securities Ltd's Board of Directors met on April 10, 2026 and approved two key items. First, the company will raise up to Rs. 30 crores through a rights issue of equity shares to eligible existing shareholders, subject to regulatory approvals. A Right Issue Committee has been formed to finalize terms including issue price, rights entitlement ratio, and record date. Second, Mr. Surendra Kumar Joshi has been appointed as Chief Financial Officer effective April 10, 2026, replacing Mr. Devi Dutt Agarwal who ceased from the CFO position on March 23, 2026. The new CFO is a qualified Chartered Accountant with expertise in financial management, taxation, and auditing.
The rights issue will provide capital for the company's growth plans but will dilute existing shareholder equity. The CFO change indicates normal management transition with no red flags as the new CFO is a qualified external professional.