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Latest filing: 2026-10-08 18:21
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9 announcements match the current filters (relevance ≥ 5).
Oscar Global Plans ₹47.72 Cr Preferential Allotment and Control Shift via Share Swap
Oscar Global has issued an EGM notice for October 30, 2026, to approve a preferential issue of 4,77,16,400 equity shares at ₹10 each, aggregating to ₹47.72 crore. The transaction involves allotting 3,45,10,000 shares (67.64% post-issue equity) to JBCG Advisory Services via a share swap to acquire Calculus Travel Ventures, triggering an open offer and a change in promoter control. Additionally, 1,32,06,400 shares will be issued for cash raising ₹13.21 crore. This massive transaction compares to the company's existing market cap of just ₹8 crore and TTM revenue of ₹0 crore.
Confidence: HIGH
What changedOscar Global is issuing shares representing 93.53% of its expanded equity base, handing majority control to JBCG Advisory Services via a share swap acquisition.
Why it mattersThe company has zero operating revenue and an ₹8 crore market cap; this reverse-takeover-style transaction completely restructures its capital base, ownership, and underlying business.
Total Preferential Issue Value: ₹47,71,64,000Issue Value vs Market Cap: ~596%Cash Consideration: ₹13,20,64,000JBCG Post-Issue Stake: 67.64%EGM Date: October 30, 2026
📅 Short termShareholder voting on October 30, 2026, and open offer pricing details will dictate short-term sentiment and trading activity.
📈 Long termIf successfully executed, the transaction injects new operating business assets (Calculus Travel Ventures) and ₹13.2 crore of cash into a previously dormant corporate shell.
⚠ Risk flags
- Extreme equity dilution (93.53% of emerging capital)
- Reverse takeover / backdoor listing risk without clarity on target company financials
- Regulatory and open offer clearances pending
Key Highlights
Preferential allotment of 4,77,16,400 shares at ₹10 each aggregating to ₹47,71,64,000
JBCG Advisory Services to acquire 67.64% emerging equity capital via share swap of Calculus Travel Ventures
Cash fundraise of ₹13,20,64,000 via allotment of 1,32,06,400 shares to two investors
Proposed preferential issue represents 93.53% of the emerging equity/voting capital
EGM scheduled for October 30, 2026, with remote e-voting from October 27 to October 29, 2026
👀 What to Watch
Track shareholder voting results at the October 30, 2026 EGM and follow disclosures regarding the upcoming Open Offer and regulatory approvals for the promoter change.
Open Offer for Oscar Global at ₹10/share by JBCG Advisory to Acquire up to 3.63% Stake
JBCG Advisory Services Private Limited, along with Chandir Gobind Gidwani and Jaspal Singh Bindra, has issued a Draft Letter of Offer to acquire up to 18,53,096 equity shares of Oscar Global Limited. The open offer is priced at ₹10.00 per share, which is a significant discount to the current market price of ₹22.7. The offer represents 3.63% of the emerging voting capital, triggered by an underlying Share Purchase Agreement and preferential issue of 1.32 crore shares. The tendering period is scheduled to open on November 18, 2026, and close on December 2, 2026.
Confidence: HIGH
What changedBonanza Portfolio has submitted the Draft Letter of Offer for a mandatory open offer following an agreement for acquisition of control and substantial shareholding in Oscar Global.
Why it mattersA complete change of management and control is taking place via preferential allotment and share purchase in a shell/dormant entity with zero TTM revenue.
Offer Price: ₹ 10.00Current Market Price: Rs 22.7Offer Shares: 18,53,096Offer Size as % of Emerging Capital: 3.63%Preferential Issue Size: 1,32,06,400
📅 Short termThe offer price of ₹10 represents a steep discount to the prevailing market price of ₹22.7, which will likely limit tendering interest from public shareholders in the market.
📈 Long termThe company currently has zero revenue and negative net profit; the incoming acquirers and preferential capital infusion could fundamentally restructure or revitalize business operations.
⚠ Risk flags
- Offer price is at a >50% discount to recent trading price
- Dilution and execution risks around pending preferential allotment and BSE in-principle approvals
- Historically zero operating revenue and persistent losses
Key Highlights
Open offer to acquire up to 18,53,096 equity shares representing 3.63% of emerging equity capital
Offer price set at ₹10.00 per fully paid-up share in cash, below the current market price of ₹22.7
Triggered by transactions under SPA, SSSA, and a preferential issue of 1,32,06,400 equity shares
Tendering period scheduled from November 18, 2026 to December 02, 2026
Bonanza Portfolio Limited is acting as the Manager to the Offer
👀 What to Watch
Track the receipt of SEBI observations on the Draft Letter of Offer and monitor shareholder/BSE approvals for the preferential issue.
JBCG Advisory triggers Open Offer; proposes ₹47.72 Cr preferential issue and takeover in Oscar Global
JBCG Advisory Services Private Limited along with PACs (Chandir Gobind Gidwani and Jaspal Singh Bindra) has issued a Detailed Public Statement for a takeover and Open Offer in Oscar Global Ltd. The acquirer agreed to buy 14,46,904 equity shares (43.85% of existing capital) from existing promoters Gopal Bhatter and Gopal Bhatter HUF. Additionally, Oscar Global's board approved a massive preferential issue of 4,77,16,400 equity shares at ₹10 each (totaling ₹47.72 Cr), which includes a share swap to acquire Calculus Travel Ventures Pvt Ltd. This will expand the equity base from 33,00,000 shares to 5,10,16,400 shares, marking a complete business and ownership transformation for a company with ₹0 TTM revenue and ₹8 Cr market cap.
Confidence: HIGH
What changedJBCG Advisory and PACs entered into an SPA to acquire the promoter stake and initiated an Open Offer alongside a ₹47.72 Cr preferential allotment and share swap.
Why it mattersThe company currently has ₹0 TTM revenue and an ₹8 Cr market cap; the ₹47.72 Cr preferential issue and reverse merger of Calculus Travel Ventures will completely reshape its capital structure and business operations.
Preferential Issue Value: ₹47,71,64,000Preferential issue vs Market Cap: ~596%Issue Price per Share: ₹10.00SPA Shares to Acquirer: 14,46,904Emerging Share Capital: 5,10,16,400 shares
📅 Short termTrading dynamics will be guided by the open offer price versus market price (currently ₹22.7) and the progress of regulatory approvals.
📈 Long termSignals a complete reverse takeover and backdoor listing of Calculus Travel Ventures, transforming the dormant company into a functioning operating entity under new management.
⚠ Risk flags
- Severe equity dilution with total share count increasing over 15x
- Pending approvals from public shareholders and SEBI for the transaction
- Integration and valuation risks related to the acquired private entity (Calculus Travel Ventures)
Key Highlights
Acquisition of 14,46,904 shares via Share Purchase Agreement from promoter sellers
Proposed preferential issue of 4,77,16,400 equity shares at ₹10 each aggregating to ₹47,71,64,000
Share swap of 3,45,10,000 shares (1:1 ratio) to acquire Calculus Travel Ventures Private Limited
Cash issue of 1,32,06,400 equity shares aggregating to ₹13,20,64,000
Emerging equity capital expands to ₹51,01,64,000 (5,10,16,400 shares) from existing 33,00,000 shares
👀 What to Watch
Track the upcoming Letter of Offer for open offer pricing, shareholder voting dates on the preferential issue, and SEBI regulatory clearance.
Oscar Global Open Offer Revised: Acquirers Offer ₹10/Share to Buy Up to 3.63% Post-Expansion Stake
JBCG Advisory Services along with PACs Jaspal Singh Bindra and Chandir Gobind Gidwani issued a corrigendum revising their Open Offer for Oscar Global Limited. The offer size is adjusted to up to 18,53,096 equity shares (3.63% of emerging voting share capital) at ₹10.00 per share, amounting to ₹1.85 crore. The revision accounts for 16,400 partly paid-up shares, bringing emerging share capital to 5,10,16,400 shares following a massive planned preferential issue of 4,77,16,400 shares (93.53% of emerging capital). The offer price of ₹10 represents a steep discount to the recent market price of ₹22.7.
Confidence: HIGH
What changedThe Open Offer capital base was corrected to include 16,400 partly paid-up shares, increasing the offer size from 18,36,696 to 18,53,096 shares and total offer consideration from ₹1.84 crore to ₹1.85 crore.
Why it mattersRepresents a complete change in management and massive equity dilution via preferential issue for a shell-like company with zero TTM revenue and ₹8 crore market capitalization.
Offer Price per Share: ₹10.00Current Market Price: Rs 22.7Total Open Offer Consideration: ₹1,85,30,960Preferential Issue Share of Emerging Capital: 93.53%Acquirer Final Stake Post-Transaction: 70.48%
📅 Short termBecause the offer price of ₹10 is substantially below the market price of ₹22.7, public participation in the tendering process may be muted.
📈 Long termThe company is undergoing a structural overhaul with high-profile incoming acquirers and substantial capital infusion into an otherwise dormant business (zero TTM revenue).
⚠ Risk flags
- Severe dilution from 4.77 crore preferential shares on an existing base of 33 lakh shares
- Historical zero operational revenue and continuous net losses
- Open offer price at >50% discount to market price
Key Highlights
Open Offer size revised to 18,53,096 equity shares (3.63% of emerging equity capital) at an offer price of ₹10.00 per share.
Total consideration payable under the Open Offer updated to ₹1,85,30,960.
Emerging equity capital expanded to 5,10,16,400 shares (₹51.02 crore) including 4,77,16,400 shares via preferential issue (93.53% of emerging equity).
Acquirer to hold 70.48% of the emerging voting share capital post-completion of the SPA and SSA.
Promoter share purchase via SPA covers 43.85% of existing capital from selling promoters Gopal Bhatter and Gopal Bhatter HUF.
👀 What to Watch
Track the detailed Draft Letter of Offer (DLOF) schedule and regulatory approvals from SEBI for the preferential allotment and takeover.
Oscar Global Open Offer at ₹10/Share Triggered by ₹47.72 Cr Preferential Issue and Acquisition
JBCG Advisory Services along with PACs has announced an open offer to acquire up to 18,36,696 equity shares (3.60% of emerging share capital) of Oscar Global Limited at ₹10.00 per share. The takeover is triggered by a proposed preferential issue of 4,77,16,400 equity shares aggregating to ₹47.72 crore (including a share swap worth 3,45,10,000 shares to acquire Calculus Travel Ventures and ₹13.21 crore cash issue) and a share purchase agreement to acquire the existing promoter's 44.06% stake. The offer price of ₹10.00 represents a significant discount to the current market price of ₹22.7. Post-transaction, the acquirer will hold 70.54% of the expanded capital, expanding equity base from ₹3.30 crore to ₹51.00 crore.
Confidence: HIGH
What changedControl of Oscar Global is changing from Gopal Bhatter to JBCG Advisory Services via a 44.06% promoter stake buyout and massive preferential allotment.
Why it mattersThe company, which has had zero revenue and negligible operations, faces a massive equity expansion from ₹3.30 crore to ₹51.00 crore and a complete business pivot via Calculus Travel Ventures.
Open Offer Price: ₹10.00Open Offer Size (Shares): 18,36,696Proposed Preferential Issue Value: ₹47,71,64,000Emerging Equity Capital: ₹51,00,00,000Issue Value vs Current Market Cap: ~596%
📅 Short termStock may see volatility as the offer price of ₹10 is well below the prevailing market price of ₹22.7. Detailed Public Statement will be published on or before September 30, 2026.
📈 Long termThe infusion of Calculus Travel Ventures and new management marks a total structural overhaul from an inactive shell/gems company to a new business direction.
⚠ Risk flags
- Severe equity dilution with share capital increasing over 15x (from 0.33 crore shares to 5.10 crore shares).
- Open offer price is at a sharp discount to market price.
- Regulatory and shareholder approvals required for the preferential issue and swap.
Key Highlights
Open offer to acquire up to 18,36,696 shares (3.60% of emerging capital) at ₹10.00 per share.
Proposed preferential issue of 4,77,16,400 shares aggregating to ₹47,71,64,000, increasing equity base from ₹3.30 crore to ₹51.00 crore.
Acquisition of 14,46,904 shares (44.06% of existing capital) from existing promoters Gopal Bhatter and Gopal Bhatter HUF.
Preferential allotment includes a 1:1 share swap of 3,45,10,000 shares to acquire Calculus Travel Ventures Private Limited.
Open offer price of ₹10.00 is at a substantial discount compared to current trading price of ₹22.7.
👀 What to Watch
Track the publication of the Detailed Public Statement (due by September 30, 2026) and shareholder voting on the ₹47.72 crore preferential issue and reverse-merger-style acquisition.
Oscar Global Approves ₹47.72 Cr Preferential Issue and 100% Acquisition via Share Swap
Oscar Global's board approved the 100% acquisition of Calculus Travel Ventures Private Limited via a share swap of 3,45,10,000 equity shares worth ₹34.51 crore. In addition, the company is raising ₹13.21 crore in cash by issuing 1,32,06,400 equity shares at ₹10 per share. Together, the total preferential allotment of 4,77,16,400 shares aggregates to ₹47.72 crore, which expands the company's share base by over 14x from 33,00,000 to 5,10,16,400 shares. The company has scheduled an Extraordinary General Meeting (EGM) on October 20, 2026, to seek shareholder approval.
Confidence: HIGH
What changedThe company agreed to acquire 100% of Calculus Travel Ventures via share swap and issue cash shares, expanding equity by over 14x.
Why it mattersOscar Global currently generates zero revenue; this transaction represents a reverse-takeover-style pivot into travel technology and services, along with substantial equity dilution.
Total Preferential Allotment: ₹47,71,64,000Cash Fundraise: ₹13,20,64,000Issue Price per Share: ₹10Pre-issue Equity Shares: 33,00,000Post-issue Equity Shares: 5,10,16,400Deal Value vs Market Cap: ~596%
📅 Short termMarket may react sharply to the extreme equity dilution and the pricing of ₹10 per share relative to the current market price of ₹22.7.
📈 Long termTransforms Oscar Global from a dormant company (₹0 revenue) into an active travel tech entity, though long-term value creation depends entirely on Calculus' underlying profitability and integration.
⚠ Risk flags
- Severe equity dilution (>93% dilution to existing shareholders)
- Shift into completely unrelated sector (Travel Technology vs Gems & Jewellery)
- Target entity financials and track record not disclosed in the filing
Key Highlights
100% acquisition of Calculus Travel Ventures via share swap of 3,45,10,000 shares at ₹10 each (₹34.51 crore)
Fundraise of ₹13.21 crore via preferential cash issue of 1,32,06,400 shares at ₹10 each
Total preferential issue size of ₹47.72 crore (4,77,16,400 shares), far exceeding existing market cap of ₹8 crore
Paid-up share capital increases from 33,00,000 shares to 5,10,16,400 shares, causing massive dilution
EGM scheduled for October 20, 2026, to seek shareholder approval
👀 What to Watch
Track shareholder voting at the EGM on October 20, 2026, and look for post-acquisition financial disclosures regarding the revenue and profitability of Calculus Travel Ventures.
Oscar Global Reports Zero Revenue in Q1 FY27; CFO Redesignated as Whole Time Director
Oscar Global reported zero operational revenue for the quarter ended June 30, 2026, continuing its multi-year trend of dormant operations. The company posted a net loss of ₹1.44 Lac, a slight improvement from the ₹3.09 Lac loss in the same quarter last year. A significant management transition is underway following a complete change in promoter control during FY 2025-26, with CFO Gopal Bhatter now redesignated as Whole Time Director. Auditors have highlighted that the company has no significant revenue-generating operations, making its 'going concern' status dependent on the new management's future business plans.
Confidence: HIGH
What changedThe company is formalizing its management structure under new promoters who took control in FY26, including the elevation of the CFO to a Whole Time Director role.
Why it mattersAs a micro-cap shell company with ₹0 revenue, the only potential value lies in the new management's ability to inject new business activities or assets into the listed entity.
Revenue from Operations: ₹0.00Net Loss (Q1 FY27): ₹1.44 LacOther Income: ₹3.94 LacMarket Cap: ₹7 CrPromoter Holding: 43.9%
📅 Short termThe stock is likely to remain speculative and illiquid given the lack of operational fundamentals and the micro-cap status.
📈 Long termThe long-term viability is entirely dependent on the new management's ability to pivot the company away from its current dormant state.
⚠ Risk flags
- Zero operational revenue
- Auditor emphasis on lack of significant business operations
- Micro-cap liquidity and price volatility risks
Key Highlights
Revenue from operations remained at ₹0.00 for the quarter ended June 30, 2026
Net loss for the quarter stood at ₹1.44 Lac compared to a loss of ₹3.09 Lac YoY
Gopal Bhatter redesignated from CFO to Whole Time Director subject to shareholder approval at the 35th AGM
Auditors noted a complete change in promoter shareholding resulting from a September 30, 2025 agreement
Total income for the quarter was limited to ₹3.94 Lac, derived entirely from other income
👀 What to Watch
Investors should monitor the upcoming 35th Annual General Meeting (AGM) for any disclosures regarding the new management's specific business plan to restart revenue-generating operations.
Oscar Global Q1: ₹0 Revenue, ₹1.44 Lac Loss; New Management Transition Underway
Oscar Global reported zero revenue from operations for the quarter ended June 30, 2026, continuing a multi-year trend of no business activity. The company recorded a net loss of ₹1.44 Lacs, as administrative expenses of ₹5.38 Lacs outweighed other income of ₹3.94 Lacs. A significant management transition is in progress following a change in control in FY26, with CFO Gopal Bhatter now proposed as Whole Time Director. The statutory auditor highlighted that the company's 'going concern' status is entirely dependent on the new management's future business plans.
Confidence: HIGH
What changedThe company has transitioned to new management following an open offer and change in control in FY26, and is now elevating its CFO to a Whole Time Director role.
Why it mattersWith a market cap of only ₹7 Cr and zero operational revenue, the company is effectively a shell; its value is tied to the new management's ability to successfully pivot the business.
Revenue from Operations: ₹0.00Net Loss (Q1): ₹1.44 LacsOther Income: ₹3.94 LacsMarket Cap: ₹7 CrNet Worth: ₹3 Cr
📅 Short termThe stock may see speculative interest due to the management change, but the lack of revenue remains a fundamental negative.
📈 Long termStructural viability depends entirely on the execution of new business plans by the incoming management; currently, there is no operational track record.
⚠ Risk flags
- No revenue-generating operations for several years
- Going concern uncertainty noted by auditors
- Micro-cap liquidity risk
Key Highlights
Revenue from operations remained at ₹0.00 for the quarter ended June 30, 2026.
Net loss for the quarter narrowed to ₹1.44 Lacs compared to a loss of ₹3.09 Lacs in June 2025.
Total expenses were reduced to ₹5.38 Lacs from ₹7.74 Lacs on a year-on-year basis.
Auditor's report emphasized a complete change in promoter shareholding and management during FY 2025-26.
Paid-up equity share capital remains at ₹329.18 Lacs with a face value of ₹10 per share.
👀 What to Watch
Investors should monitor for specific announcements regarding new business lines or revenue-generating activities from the new management, as the company currently lacks a core operating business.
Oscar Global Reports ₹0 Revenue in Q1 FY27; CFO Elevated to Whole Time Director
Oscar Global Ltd continues to report zero revenue from operations for the quarter ended June 30, 2026, a trend persisting for several financial years. The company recorded a marginal net loss of ₹1.44 Lac, an improvement from the ₹3.09 Lac loss in the year-ago period, primarily due to lower expenses. A significant management shift is underway following a change in promoter control in FY26, with CFO Gopal Bhatter now redesignated as Whole Time Director. Auditors have issued an 'Emphasis of Matter' regarding the company's status as a going concern, which currently relies entirely on the new management's future business plans.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results and initiated a leadership change by elevating the CFO to a Whole Time Director role.
Why it mattersThe company is currently a non-operational shell with a ₹7 Cr market cap; its future value depends entirely on the new promoter group's ability to inject a new business model.
Revenue (Q1 FY27): ₹0Net Loss (Q1 FY27): ₹1.44 LacOther Income: ₹3.94 LacMarket Cap: ₹7 CrPromoter Holding: 43.9%
📅 Short termThe stock is likely to remain stagnant or highly volatile given the lack of fundamental business activity and micro-cap nature.
📈 Long termHighly speculative; the long-term viability depends on the execution of the 'future business plans' mentioned in the auditor's report.
⚠ Risk flags
- Zero revenue from operations
- Auditor emphasis on going concern uncertainty
- Micro-cap liquidity risk
- History of consistent losses
Key Highlights
Revenue from operations stood at ₹0 for the quarter ended June 30, 2026.
Net loss narrowed to ₹1.44 Lac from ₹3.09 Lac in the corresponding quarter of the previous year.
Total expenses for the quarter were reduced to ₹5.38 Lac from ₹7.74 Lac YoY.
Mr. Gopal Bhatter redesignated as Whole Time Director, subject to approval at the 35th AGM.
Auditors highlighted a complete change in promoter shareholding resulting from a September 2025 Share Purchase Agreement.
👀 What to Watch
Investors should monitor for any concrete announcements regarding new business lines or revenue-generating activities from the new management team that took control in April 2026.
