Rights Issue10 April 2026 at 07:15 am
Oasis Securities to raise ₹30 Cr via rights issue; appoints new CFO
AI Summary
Oasis Securities Ltd's Board of Directors, in a meeting held on April 10, 2026, approved raising funds up to ₹30.00 crores through a rights issue of equity shares. The issuance will be made to eligible equity shareholders, with specific terms like issue price, ratio, and record date to be determined and disclosed later by a newly constituted Rights Issue Committee. Additionally, the Board approved the appointment of Mr. Surendra Kumar Joshi as the Chief Financial Officer (CFO) effective April 10, 2026, following the cessation of Mr. Devi Dutt Agarwal from the post on March 23, 2026.
Key Highlights
- Board approved raising up to ₹30 crore via a rights issue of equity shares.
- Funds will be issued to eligible equity shareholders on a rights basis.
- A Rights Issue Committee is formed to finalize issue details like price and ratio.
- Mr. Surendra Kumar Joshi has been appointed as the new Chief Financial Officer.
- The previous CFO, Mr. Devi Dutt Agarwal, ceased to hold the position.