Oscar Global Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/05/2026 ,inter alia, to consider and approve 1. To evaluate and discuss acquisition ....
Awaiting price reaction for this filing.
Oscar Global Ltd has scheduled a Board meeting on May 29, 2026 to consider multiple proposals. The key items include: (1) Evaluation of acquisition opportunities - the Board is authorizing Key Managerial Personnel to evaluate and take acquisition discussions forward, though no specific target is named; (2) Increase in Authorised Share Capital from Rs 3.3 crore to Rs 110 crore (a significant 33x increase), requiring shareholder approval; (3) Alteration of Memorandum and Articles of Association to align with business requirements; (4) In-principle approval for fund raising up to Rs 2.45 crore via equity or convertible securities through preferential issue, rights issue, QIP or other permissible modes; and (5) Opening a new bank account with dual authorization. The trading window will remain closed for designated persons from May 29 until 48 hours after the meeting outcome.
The Board is in early-stage evaluation mode for acquisitions with no definitive deal announced. The capital increase and fund raising proposals suggest the company is preparing for future growth but may lead to shareholder dilution. Positive if acquisition materializes but no concrete impact yet.