Oscar Global Limited approves Rs 47.72 crore preferential issue

Oscar Global Limited shareholders approved a Rs 47.72 crore preferential issue of 4.77 crore equity shares at Rs 10 each on October 30, 2026. Oscar Global will allot 3.45 crore shares through a non-cash swap structure for the acquisition of 3.45 crore equity shares of Calculus Travel Ventures Private Limited.

What did Oscar Global shareholders approve at the EGM?

Oscar Global approved the creation, issue, offer and allotment of 4,77,16,400 fully paid-up equity shares through a special resolution at its October 30, 2026 Extraordinary General Meeting, or EGM. Each share has a face value of Rs 10 and will be issued at Rs 10, producing an aggregate issue size of Rs 47.72 crore.

The approval covered an issue on a preferential basis, as set out in the EGM notice dated October 7, 2026. Oscar Global said the EGM had the required quorum and was held through video conferencing and other audio-visual means, beginning at 11:00 a.m. Indian Standard Time and concluding at 11:25 a.m.

The approved share count is split between a 3,45,10,000-share non-cash allotment and a 1,32,06,400-share cash allotment. At the stated Rs 10 issue price, the non-cash leg is valued at Rs 34.51 crore and the cash leg at Rs 13.21 crore, together equalling the stated Rs 47.72 crore issue size.

How will Oscar Global acquire Calculus Travel Ventures shares?

Oscar Global will acquire 3,45,10,000 equity shares of Calculus Travel Ventures Private Limited through a share-swap transaction under the approved structure. In exchange, Oscar Global approved the allotment of 3,45,10,000 of its own equity shares to JBCG Advisory Services Private Limited, which the announcement identifies as the proposed promoter and acquirer.

The two share counts in the transaction are the same: 3.45 crore Oscar Global shares are approved for JBCG Advisory Services, while 3.45 crore Calculus Travel Ventures shares are to be acquired. The filing describes the consideration as other than cash and does not disclose a separate valuation for Calculus Travel Ventures, a post-transaction ownership percentage, or the number of Calculus Travel Ventures shares outstanding.

At Oscar Global's disclosed preferential issue price of Rs 10 per share, the 3,45,10,000 shares approved for the swap carry an issue value of Rs 34.51 crore. This is the largest component of the Rs 47.72 crore issue, while the filing identifies it as consideration for the Calculus Travel Ventures share acquisition rather than a cash subscription.

The October 30, 2026 announcement identifies JBCG Advisory Services as a proposed promoter and acquirer, but does not state that the acquisition has been completed. It reports shareholder approval for the issue and allotment structure without disclosing a completion date, integration plan, or financial contribution target for Calculus Travel Ventures.

Who will receive Oscar Global's preferential shares?

Oscar Global approved 3,45,10,000 equity shares for JBCG Advisory Services under the non-cash share-swap arrangement and 1,32,06,400 equity shares for public-category investors in return for cash. The cash allotment is divided between Pie Strategies LLP and Mr. Alok Rajesh Nanavaty.

Pie Strategies LLP is approved to receive 18,36,816 shares, while Mr. Alok Rajesh Nanavaty is approved to receive 1,13,69,584 shares. Together, their proposed allotments equal 1,32,06,400 shares, which is the full cash-consideration portion of the preferential issue.

The two public-category allocations differ in size. Mr. Alok Rajesh Nanavaty's 1,13,69,584 shares make up most of the 1,32,06,400-share cash leg, compared with 18,36,816 shares for Pie Strategies LLP. Both allotments are at the disclosed Rs 10 issue price, and the filing does not state a specific use of the Rs 13.21 crore cash consideration.

What was the voting process for Oscar Global's resolution?

Oscar Global said members approved the special resolution with the requisite majority at the October 30, 2026 EGM. Voting was available through remote electronic voting from October 27, 2026, to October 29, 2026, with electronic voting also conducted during the EGM.

The company did not include vote totals, percentages in favour, votes against, or abstentions in its two-page outcome announcement. It said the consolidated scrutinizer's report would be submitted separately within the stipulated time, making that report the next disclosed document expected to provide detailed voting results.

The October 30 announcement was made to BSE Limited under Regulation 30 read with Part A of Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Oscar Global's BSE scrip code is 530173 and its scrip identifier is OSCARGLO.

The meeting outcome confirms shareholder approval of the 4,77,16,400-share structure, but does not provide an allotment date. The filing also does not disclose the resulting equity share capital, the ownership position of JBCG Advisory Services after allotment, or the effect on existing shareholdings.

Conclusion

Oscar Global's October 30, 2026 approval combines a Rs 34.51 crore non-cash share-swap component with a Rs 13.21 crore cash component, producing a Rs 47.72 crore preferential issue. The central element is the acquisition of 3.45 crore Calculus Travel Ventures shares through the issue of an equal number of Oscar Global shares to JBCG Advisory Services.

The next disclosed item to watch is the consolidated scrutinizer's report, which Oscar Global said it would submit separately after remote e-voting from October 27 to 29 and voting at the October 30 EGM. The filing leaves allotment timing, post-issue ownership, and the completion status of the Calculus Travel Ventures transaction unresolved.