Oscar Global Ltd (530173)

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.

• 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

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.

• 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

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.

• 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

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.

• 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.

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.

• 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.

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.

• 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

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.

• 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

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.

• 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.