Oscar Global replaces five-member board after ownership transition

Oscar Global Limited replaced its five-member outgoing board and two key managerial personnel on November 14, 2026, after departing executives cited a recent change in management control and successful ownership transition. Four directors and a company secretary were appointed, including Shashank Srivastava as whole-time director and chief financial officer for five years, subject to shareholder approval.

What changed at Oscar Global on November 14, 2026?

Oscar Global changed all five disclosed incumbent directors on November 14, 2026, appointing four directors effective that date as five directors resigned at the close of the board meeting. Gopal Bhatter resigned as whole-time director and chief financial officer, while Sonia Bhatter and Monika Bhatter left as non-executive non-independent directors. Arvind Ganpat Desai and Radheshyam Pandey resigned as non-executive independent directors.

The management transition also covered the company secretary and compliance function on November 14, 2026. Neelam Saboo resigned as company secretary and compliance officer, and Deepika Narayan Koli was appointed to both posts from the same date. The filing therefore records seven outgoing directors or key managerial personnel and five incoming appointees across the board and key management structure.

The resignation letters from Gopal Bhatter, Sonia Bhatter, Monika Bhatter, Desai and Pandey each cite the recent change in management control and successful transition of the company’s ownership. Each letter, dated November 14, 2026, says there were no other material reasons for the resignation. Saboo’s resignation disclosure also refers to an attached resignation letter and took effect on November 14, 2026.

The filing does not identify the incoming owner, disclose the ownership percentage transferred, or state consideration for the ownership transition. It also does not provide a business plan linked to the change in control. Its specific connection is that the incoming whole-time director and chief financial officer will lead financial and operational execution under the new management control.

Who joined Oscar Global’s board and management team?

Oscar Global appointed Shashank Srivastava, Subhash Gundappa Kutte, Rahul Singh and Ankita Khandelwal as directors on November 14, 2026, alongside Koli as company secretary and compliance officer. Srivastava became whole-time director and chief financial officer, Kutte and Singh became non-executive independent directors, and Khandelwal became a non-executive non-independent director.

Srivastava, whose Director Identification Number is 08257017, was appointed to lead financial and operational execution under the new management control. Oscar Global said he has experience in travel, tourism and fintech, and listed Club 7 Holidays Ltd, Calculus Travels Online Pvt Ltd and Payfx Fintech Solutions Pvt Ltd among entities where he holds directorships. The disclosure says he is not related to any other director or key managerial personnel.

Kutte, with Director Identification Number 00233322, has banking, finance and corporate-governance experience, according to the November 14 disclosure. His listed directorships include Unity Small Finance Bank Limited, Synergy Green Industries Limited and The Ugar Sugar Works Limited, as well as various Centrum group entities. Singh, whose Director Identification Number is 07477748, is a Fellow Member of the Institute of Company Secretaries of India with FCS No. 6469 and has legal, secretarial and compliance experience.

Khandelwal, with Director Identification Number 12028007, is an Associate Member of the Institute of Company Secretaries of India with ACS No. 55818, and the filing cites corporate-law and compliance-management experience. Koli holds ACS No. 69535 and was appointed under the qualifications required by Section 203 of the Companies Act, 2013. All four incoming directors submitted declarations that they were not debarred from holding directorships by an order of the Securities and Exchange Board of India or another statutory authority.

What are the terms of Oscar Global’s new appointments?

Oscar Global appointed Srivastava for five consecutive years from November 14, 2026, subject to shareholder approval, while combining the whole-time director and chief financial officer roles. Gopal Bhatter, who previously held both positions, resigned from the closure of the board meeting held on the same date. The filing does not disclose a date for shareholder approval.

Kutte and Singh each received a first term of five consecutive years from November 14, 2026 as non-executive independent directors. Both are not liable to retire by rotation, according to the filing. Their appointments replace the two independent-director positions vacated by Desai and Radheshyam Pandey on November 14, 2026.

Khandelwal was appointed for a first five-year term from November 14, 2026 as a non-executive non-independent director and is also not liable to retire by rotation. Koli’s appointment as company secretary and compliance officer took effect on November 14, 2026, but the disclosure specifies no fixed term. The appointments and resignations were reported under Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015.

What financial position does Oscar Global’s new management inherit?

Oscar Global reported no revenue from operations and a net loss of Rs 2.14 lakh for the quarter ended September 30, 2026. The loss widened from Rs 1.44 lakh in the quarter ended June 30, 2026, but narrowed from Rs 3.34 lakh in the quarter ended September 30, 2025. Total expenses fell to Rs 2.14 lakh from Rs 5.38 lakh sequentially and Rs 6.58 lakh a year earlier.

For the half year ended September 30, 2026, Oscar Global recorded no operating revenue and a net loss of Rs 3.58 lakh, compared with a Rs 6.43 lakh loss in the corresponding 2025 half year. Other income declined to Rs 3.94 lakh from Rs 7.89 lakh, while total expenses decreased to Rs 7.52 lakh from Rs 14.32 lakh. The company reported operating in one segment under Indian Accounting Standard 108.

At September 30, 2026, total assets were Rs 2.8346 crore, compared with Rs 2.8721 crore at March 31, 2026. Cash and cash equivalents declined to Rs 10.78 lakh from Rs 53.76 lakh, while other non-current assets increased to Rs 2.6171 crore from Rs 2.2313 crore. Other equity was negative Rs 45.72 lakh at September 30, compared with negative Rs 42.14 lakh at March 31.

The half-year cash-flow statement shows a Rs 42.99 lakh net fall in cash for the period ended September 30, 2026, against a Rs 32.77 lakh fall in the year ended March 31, 2026. Net cash used in investing activities was Rs 34.64 lakh in the half year, driven by Rs 38.58 lakh in loans and advances partly offset by Rs 3.94 lakh of income from investing activities. Net cash used in operating activities was Rs 8.34 lakh.

Conclusion

Oscar Global’s November 14, 2026 disclosures document a complete change in its disclosed five-member board, alongside the replacement of the chief financial officer and company secretary. The resigning directors linked their exits to ownership transition and management-control change, while the new structure puts the whole-time director and chief financial officer positions with Srivastava.

The stated next milestone is shareholder approval for Srivastava’s five-year appointment. The filing provides no operating plan or transaction terms for the ownership transition, so subsequent disclosures on that matter, as well as financial reporting after the Rs 3.58 lakh half-year loss and Rs 10.78 lakh cash balance at September 30, 2026, remain points to watch.