Outcome of Board meeting along with annexures attached.
Awaiting price reaction for this filing.
Oscar Global Limited's board meeting on April 4, 2026 saw a major leadership overhaul following a Share Purchase Agreement (SPA) dated September 30, 2025. Five new directors were appointed: Mr. Gopal Bhatter (acquirer), his wife Ms. Sonia Bhatter, and sister Ms. Monika Bhatter as additional directors, plus Mr. Radheshyam Pandey and Mr. Arvind Ganpat Desai as independent directors. Simultaneously, seven key personnel resigned effective April 6-10, 2026, including three independent directors (Ms. Nishu, Mr. Sanjeev Rathore, Ms. Monam Kapoor), the CFO (Mr. Pawan Chadha), Managing Director (Mr. Karan Kanika Verma), and Company Secretary (Ms. Nitasha Sinha). The board also approved re-classification of seven entities/persons from promoter to public category. A new Company Secretary (Ms. Neelam Saboo) was appointed from April 7, 2026.
This appears to be a complete change of control event where the new acquirer (Gopal Bhatter) has replaced the entire board with family members and appointed his own independent directors. The mass resignation of KMPs and the promoter re-classification indicate significant ownership and management changes that could impact the company's governance and future direction.