Osia Hyper Retail Limited has informed the Exchange regarding Outcome of Board Meeting held on February 24, 2026.
OSIAHYPER · price
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The Board of Directors of Osia Hyper Retail Limited met on February 24, 2026 (5:00 PM to 5:35 PM) and decided to defer consideration of its earlier proposal to raise funds through equity shares, convertible bonds, debentures, warrants, preference shares or other equity-linked securities via rights issue, private placement, QIP or other permitted routes. Separately, the Board reviewed an advisory letter from NSE (Ref: NSE/LIST/53277) flagging non-compliance with the SEBI (ICDR) Regulations, 2018. The non-compliance relates to a delay in the lock-in of 118,225,000 warrants, which were originally due for lock-in on September 19-20, 2025 but were locked in later, missing the timeline prescribed under Regulations 167(1) and 167(2). The Board acknowledged the matter and directed management to ensure full compliance going forward and to strengthen internal compliance monitoring mechanisms.
The deferral removes a near-term fund-raising catalyst, and the acknowledged SEBI/NSE flag on warrant lock-in delay is a governance red flag that may dampen investor sentiment and invite further regulatory scrutiny until fully resolved.