The Board of Directors of the Company at their meeting held today i.e. 15th May, 2026 have fixed the date of 44th Annual General Meeting to be held on 19th June, 2026.
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Oseaspre Consultants Limited reported a sharp financial deterioration for FY2025-26. Total income dropped to ₹3.32 Lakhs from ₹21.80 Lakhs in the prior year, a decline of ~85%. The company posted a net loss of ₹18.28 Lakhs compared to a profit of ₹3.98 Lakhs in FY2025. Revenue from operations was nil at ₹0.00 vs ₹18.00 Lakhs previously, indicating near-complete cessation of core business activity. The auditor, Manek & Associates, issued an unmodified (clean) opinion. Cash and cash equivalents surged to ₹209.83 Lakhs (from ₹0.77 Lakhs) largely due to a one-time sale of equity instruments worth ₹178.52 Lakhs. Operating cash flow was negative at ₹21.92 Lakhs. The board recommended a dividend of ₹87 per share (870% on face value of ₹10) and fixed the 44th AGM for 19th June 2026.
The company is in financial distress with near-zero operating revenue and a significant net loss. The high dividend is funded by a one-time asset sale and may not be sustainable. Shareholders should be cautious given the collapse in core operations.