Revised 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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The board of Oasis Securities Ltd approved raising funds through a Rights Issue of equity shares (face value ₹1) for an aggregate amount not exceeding ₹49 Crores. The issue will be offered to existing eligible equity shareholders on a rights basis, with the record date to be notified later. A Rights Issue Committee comprising the Managing Director (as Chairman), the Whole Time Director & CFO, and a Director has been constituted to finalise 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. This is a revised outcome of the board meeting held on 11th April 2025.
Existing shareholders may need to contribute additional funds to maintain their stake, or risk dilution if they do not participate. The price and ratio are yet to be decided, so the actual dilution and cost to shareholders remains unclear. Fresh capital of up to ₹49 Crores could strengthen the company's balance sheet, but the purpose of fundraising has not been disclosed.