Outcome of independent director committee held on 26/12/2025 is attached
Awaiting price reaction for this filing.
Oscar Global Limited's Committee of Independent Directors (IDC) met on December 26, 2025, to review the Open Offer made by Gopal Bhatter and Gopal Bhatter HUF (the Acquirers). The Open Offer is to acquire up to 8,58,000 equity shares, representing 26% of the paid-up equity share capital, at Rs. 12.15 per fully paid-up share and Rs. 7.15 per partly paid-up share. The IDC reviewed the Public Announcement dated September 30, 2025, and the Letter of Offer dated December 19, 2025, and concluded that the Open Offer is fair and reasonable for shareholders.
This is a procedural confirmation that the independent directors find the Open Offer price fair, which may give shareholders more confidence in tendering their shares. The offer price is now formally validated by the IDC, potentially encouraging participation from retail shareholders.