Outcome of Board Meeting held on July 28, 2025
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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.
The Board of Oasis Securities Ltd approved the standalone unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), which received a clean limited review report from Rajvanshi & Associates with no adverse observations. In a notable development, the company's 38th Annual General Meeting (AGM) which was also convened on the same day could not be validly conducted because it was held in physical mode at a venue outside the city of its registered office, violating Section 96(2) of the Companies Act, 2013. The Board treated the AGM as adjourned without transacting any business and has reconvened it for September 1, 2025 at 11:00 AM via video conferencing. Remote e-voting will be open from August 29 to August 31, 2025, with the cut-off date set as August 25, 2025.
The Q1 results were approved without any qualifications, which is neutral to mildly positive. However, the AGM had to be adjourned due to a procedural compliance lapse, reflecting weak governance around the original AGM planning. This is a red flag for shareholders as it raises questions about internal compliance, though the company has moved quickly to reconvene properly via VC/OAVM in line with regulations.