This is to inform you that the Board of Directors of Oscar Global Limited, at its meeting held today i.e., on Friday, May 29, 2026, inter alia, considered and approved the following key ....
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Oscar Global Limited's board meeting on May 29, 2026 approved several key business matters. The board granted in-principle approval to raise funds through equity shares, convertible securities via preferential issue, rights issue, QIP, or other permissible modes for business expansion, acquisitions, and working capital. The company also approved a massive increase in authorised share capital from ₹3.3 crore to ₹110 crore (33x increase), subject to shareholder approval. The board reviewed acquisition opportunities and approved alterations to MoA and AoA to align with the expanded capital structure. A new current account was also authorised.
The planned fundraising could lead to significant equity dilution for existing shareholders. The 33x increase in authorised capital signals ambitious expansion or acquisition plans, but the actual impact depends on how the funds are raised and deployed.