Please find the enclosed disclosure under Regulation 30 of SEBI LODR Regulations,2015 wherein the boards of directors of the company through circular resolution had approved and considered ....
Awaiting price reaction for this filing.
Oscar Global Ltd's board has approved a 20-day extension of Mr. Karan Kanika Verma's tenure as Managing Director, effective April 11 to April 30, 2026, via a circular resolution passed on April 10, 2026. This follows his resignation tendered on April 4, 2026, which was originally set to take effect from April 10, 2026. The board requested him to continue in office, citing the need to complete pending statutory filings in the company's best interest. Mr. Verma is not related to any existing directors on the board. The disclosure has been made under SEBI LODR Regulation 30.
This is a short-term, stopgap arrangement rather than a permanent leadership change. Shareholders may view the quick reversal of the resignation as a sign of operational continuity needs, but the MD is still slated to step down on April 30, 2026, leaving a key leadership question unresolved.