Intimation of receipt of In-principle Approval for Rigjts Issue.
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Oasis Securities Limited has received in-principle approval from BSE for its proposed Rights Issue of fully paid-up equity shares, via letter dated June 9, 2026. The company had originally applied on April 13, 2026. This approval permits the company to mention BSE's name in its Letter of Offer, but does not guarantee that the securities will be listed. Going forward, the company must fix a record date with at least 3 working days advance notice to the exchange and disclose the rights issue price at least 3 working days prior to the record date. The company must also complete all post-issue and statutory requirements before final listing.
This is a procedural milestone indicating the rights issue is moving forward but is not yet open for subscription. Existing shareholders should watch for the upcoming record date and rights issue price announcement, which will determine the size of dilution and any discount to current market price.