Board Meeting29 May 2026, 09:36 pm
Oscar Global Board Approves Fund Raising & Capital Increase
AI Summary
The Board of Directors of Oscar Global Limited approved several key business matters in its meeting on May 29, 2026. These include in-principle approval for fund raising through various means such as equity shares or convertible securities, subject to shareholder approval, an increase in the Authorised Share Capital from ₹33,000,000 to ₹1,100,000,000, and alterations to the Memorandum and Articles of Association. The board also evaluated acquisition opportunities and approved the opening of a new bank account.
Key Highlights
- Oscar Global to evaluate raising funds via equity or convertible securities.
- Authorised Share Capital to increase from ₹33 Mn to ₹1.1 Bn, pending shareholder approval.
- MoA and AoA alterations approved for shareholder consideration.
- Evaluation of acquisition opportunities is underway.
- New bank account opening approved with designated KMP operating mandate.
Price Impact
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