Resignation of directors as per outcome of the Board Meeting held on 4/4/2026.
Awaiting price reaction for this filing.
Oscar Global Limited saw a major board overhaul at its April 4, 2026 meeting. Five new directors were appointed: Mr. Gopal Bhatter (acquirer under SPA dated September 30, 2025), 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, six people resigned effective April 6-10, 2026: Ms. Nishu and Mr. Sanjeev Rathore (independent directors), Ms. Monam Kapoor (director), Mr. Pawan Chadha (CFO and director), Mr. Karan Kanika Verma (Managing Director), and Ms. Nitasha Sinha (Company Secretary and Compliance Officer). The board also approved re-classification of seven entities/persons from promoter to public category, including Mr. Pawan Chadha, Mr. Karan Kanika Verma, and related parties. Ms. Neelam Saboo was appointed as the new Company Secretary and Compliance Officer.
This represents a complete change of control from the old promoter group to the new Bhatter family acquirer. The mass resignation of the entire old board and key management (CFO, MD, Company Secretary) alongside appointment of the acquirer's family members signals a takeover completion. The re-classification of the old promoters to public shareholders further confirms the power shift.