Outcome of Board Meeting held on Friday, 11th April, 2025 under Regulation 30 of The SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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Oasis Securities Ltd's board, at its meeting on April 11, 2025, approved raising funds through a Rights Issue of equity shares (face value ₹10) for an aggregate amount not exceeding ₹49 Crores. The issue will be offered to eligible equity shareholders as on a record date to be notified later. The company has constituted a Rights Issue Committee comprising Managing Director Rajesh Kumar Sodhani (Chairman), Whole-time Director & CFO Devi Dutt Agarwal, and Director Priya Sodhani to decide key terms such as issue price, entitlement ratio, record date, and appointment of intermediaries. The detailed terms will be shared via the letter of offer in due course.
Existing shareholders will get the opportunity to subscribe to additional equity shares in proportion to their holdings, which will dilute their stake if they do not participate. The fresh capital of up to ₹49 Crores may strengthen the company's capital base, though the purpose of fundraising has not been specified in the filing.