Oscar Global Ltd Seeks Approval for ₹47.71 Crore Share Issue

Oscar Global Ltd has called an Extraordinary General Meeting on October 30, 2026 to seek approval for a preferential issue of 4.77 crore equity shares at ₹10 each, valued at ₹47.7164 crore. The proposal includes a share swap to acquire Calculus Travel Ventures Private Limited and would result in JBCG Advisory Services Private Limited obtaining control.

What is Oscar Global Ltd asking shareholders to approve?

Oscar Global Ltd is asking shareholders to approve the preferential allotment of 4,77,16,400 equity shares at ₹10 per share. The proposed issue has an aggregate value of ₹47.7164 crore and contains both non-cash and cash consideration components.

The largest component is a proposed allotment of 3,45,10,000 shares through a share swap. These shares are to be issued to the acquirer in exchange for 100% of the equity of Calculus Travel Ventures Private Limited. The proposed acquisition is therefore directly linked to the preferential allotment rather than being funded entirely through cash.

The remaining 1,32,06,400 shares are proposed to be allotted for cash consideration. This portion would raise ₹13.2064 crore at the issue price of ₹10 per share. The disclosed recipients for the cash component include Pie Strategies LLP and Alok Rajesh Nanavaty.

The proposal remains subject to shareholder approval at the EGM and required BSE listing approvals. The company has stated that allotment is to occur within 15 days of passing the resolution or receiving applicable regulatory approvals, whichever is relevant.

When is Oscar Global Ltd's EGM and who can vote?

Oscar Global Ltd's EGM is scheduled for October 30, 2026 at 11:00 am through video conferencing or other audio-visual means. The company has fixed October 23, 2026 as the record date for determining shareholders eligible to participate in e-voting.

The EGM was rescheduled from October 20, 2026 to October 30, 2026. The change was approved at a board meeting held on September 29, 2026, according to the company disclosures. Oscar Global later issued the EGM notice and related record-date information on October 8.

A board meeting on October 7 formally approved the EGM notice, the record date and the appointment of a scrutinizer. The company disclosed that this meeting commenced at 5:32 pm and concluded at 7:45 pm.

How would the proposed issue change Oscar Global Ltd's ownership?

The proposed issue would give JBCG Advisory Services Private Limited a 67.64% stake in Oscar Global Ltd's emerging share capital through the share-swap transaction. This stake would provide JBCG Advisory with control of the company if the preferential issue is approved and completed.

The transaction is also linked to an open-offer process. A draft letter of offer states that JBCG Advisory, along with two persons acting in concert, proposes to acquire up to 18,53,096 equity shares from public shareholders at ₹10 per share. The offer represents 3.63% of the emerging share capital stated in the disclosure.

The open offer has been triggered by the proposed preferential issue and the related share purchase arrangement. It is separate from the cash preferential allotment, although both arise from the wider transaction that would alter Oscar Global's shareholding and control structure.

For existing shareholders, the proposed allotment would dilute their percentage ownership because a substantial number of new shares would be issued. The EGM resolution is therefore important not only for the acquisition of Calculus Travel Ventures but also for the post-transaction ownership profile of Oscar Global.

Why does the Calculus Travel Ventures acquisition matter?

The proposed acquisition matters because Oscar Global Ltd plans to obtain 100% ownership of Calculus Travel Ventures Private Limited using newly issued shares instead of cash. The arrangement makes the acquisition and the control transaction dependent on the same preferential issue approval process.

A share-swap structure allows the seller or acquirer group to receive equity in the listed company as consideration. In this case, the issuance of 3.45 crore shares is the principal part of the proposed ₹47.7164 crore transaction and is also the basis for JBCG Advisory's proposed controlling stake.

The company has not disclosed a completed transaction in the information provided. The stated position is that shareholder approval, listing approval and other applicable regulatory clearances remain necessary before the allotment can be completed.

What should Oscar Global Ltd investors monitor next?

Oscar Global Ltd investors should monitor the October 23 record date, the October 30 EGM voting outcome and subsequent disclosures on listing approvals and allotment. These steps will determine whether the preferential issue, the share swap and the proposed ownership change move to completion.

The draft open-offer documentation is also relevant for public shareholders because it specifies an offer price of ₹10 per share for up to 18.53 lakh shares. Investors should review the final offer documents and company filings for the timetable and conditions governing the open offer.

Conclusion

Oscar Global Ltd's proposed preferential issue combines a ₹13.2064 crore cash raise with a share swap for the acquisition of Calculus Travel Ventures Private Limited. Its broader effect would be a substantial increase in JBCG Advisory Services Private Limited's ownership, potentially giving it 67.64% of the company's emerging share capital and control of Oscar Global.

The next disclosed milestones are the October 23, 2026 record date for e-voting eligibility and the October 30, 2026 EGM. Shareholders will decide on the preferential issue, while the proposed allotment remains subject to the stated listing and regulatory approvals.