The Exchange and Investors are hereby informed that Board of Directors of the company at its meeting held today had considered and approved following 1.Audited Financial Results, Statement ....
Awaiting price reaction for this filing.
Oscar Global Ltd reported zero revenue from operations for FY 2025-26, with only other income of Rs 14.43 Lac. The company posted a net loss of Rs 11.16 Lac, improved from Rs 21.06 Lac loss in the previous year. The auditors issued an unmodified opinion but included an Emphasis of Matter highlighting: (a) 100% change in promoter shareholding completed in April 2026 after new acquirers purchased 43.84% stake and completed a mandatory open offer, with all previous directors resigning and new management appointed; and (b) the company has not carried out any significant revenue generating operational activities for several years. Operating cash outflow was Rs 36.99 Lac, and cash reserves declined from Rs 86.53 Lac to Rs 53.76 Lac. Negative other equity stands at Rs 42.14 Lac.
The company has no operating revenue and relies on other income to cover expenses, raising serious going concern doubts despite the auditors using a going concern basis. The complete change in management and lack of operations signals significant business uncertainty for existing shareholders.