The details as per Outcome of Board Meeting held on 4/4/2026.
Awaiting price reaction for this filing.
Oscar Global Ltd's board on April 4, 2026 completed a sweeping overhaul tied to a Share Purchase Agreement (SPA) dated September 30, 2025, under which Mr. Gopal Bhatter becomes the new acquirer. Five new directors joined: Mr. Gopal Bhatter, his wife Ms. Sonia Bhatter, his sister Ms. Monika Bhatter, and two new Independent Directors (Mr. Radheshyam Pandey and Mr. Arvind Ganpat Desai). At the same time, the entire old guard stepped down — both Independent Directors (Ms. Nishu, Mr. Sanjeev Rathore), one Director (Ms. Monam Kapoor), the CFO Mr. Pawan Chadha, and the Managing Director Mr. Karan Kanika Verma all resigned. The Company Secretary Ms. Nitasha Sinha also resigned, with Ms. Neelam Saboo taking over from April 7, 2026. Additionally, the previous promoter group (Verma/Chadha families and two promoter entities) has been reclassified as 'public', confirming a full change of control.
This is a complete change-of-control event — shareholders should expect a new strategic direction led by the Bhatter family (who run GSB Enterprises and Rukhm Industries in textiles and psyllium husk). Short-term, the stock may see volatility as old promoter holdings are reclassified to public, potentially increasing public float. The incoming management brings no apparent direct experience in Oscar Global's listed-company business, which investors should monitor closely.