Q2 FY27 Results: Loss Widens, Promoter Exit and Open Offer Underway
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Oseaspre Consultants posted a Q2 FY27 loss after tax of Rs 6.09 lakh on total income of just Rs 0.42 lakh, with H1 loss at Rs 8.68 lakh versus Rs 7.88 lakh last year. There is no revenue from operations. Cash and equivalents fell sharply to Rs 2.99 lakh from Rs 209.83 lakh after a Rs 174 lakh dividend payout. Existing promoters are selling their entire 73.52 percent stake, and a mandatory open offer has been made under SEBI SAST rules. SEBI approval is awaited.
Recurring losses and near-zero cash balance are worrying. Major promoter exit and open offer signal a likely change of control.