Oseaspre Consultants open offer at ₹48, EGM Oct 30

What has been disclosed

Oseaspre Consultants Limited (BSE: 509782) has disclosed an open offer triggered by a proposed change in control. The open offer is to be made by Nimesh Sahadeo Singh to acquire up to 1,82,000 fully paid-up equity shares. The offer size represents 26.00% of the company’s emerging equity and voting share capital, as per the disclosure.

Alongside the open offer, the company has also put in motion a preferential allotment that can change the company’s equity base. The board approved a preferential issue of up to 5,00,000 equity shares at an issue price of ₹48 per share, subject to shareholder and other applicable regulatory approvals. Shareholders are scheduled to vote on the preferential issue at an extraordinary general meeting on October 30, 2026.

Who the acquirer is and what the offer covers

The acquirer named in the disclosures is Nimesh Sahadeo Singh. The open offer is for up to 1,82,000 equity shares, which is stated to be 26.00% of the emerging equity and voting share capital. The open offer price mentioned is ₹48 per share.

The disclosures also refer to a promoter stake sale under a share purchase agreement that transfers 73.52% control to the acquirer. The consideration for the controlling stake transfer is disclosed as ₹0.706 crore. This combination of a control transfer and an open offer places the transaction within the standard control change framework, where subsequent steps and timelines are governed by SEBI’s SAST requirements.

Preferential allotment approved by the board

Separately from the share purchase agreement and open offer, the board of Oseaspre Consultants approved a preferential issue on September 18, 2026. The proposal is to issue up to 5,00,000 equity shares on a preferential basis at ₹48 per share. Each equity share has a face value of ₹10.

The preferential allotment is proposed to be made to investors outside the promoter and promoter group, according to the disclosure. The company has also stated that the proposal will proceed only after shareholder approval and completion of applicable regulatory requirements. Based on the stated issue size and price, the company indicated the fundraise as ₹2.4 crore.

Authorised share capital increase linked to the issue

To support the proposed issuance, the company’s board has also approved an increase in authorised share capital. The authorised share capital is proposed to be increased from ₹20 lakh (comprising 2,00,000 equity shares of ₹10 each) to ₹70 lakh (comprising 7,00,000 equity shares of ₹10 each).

Shareholders will vote on both the preferential issue and the increase in authorised share capital at the same extraordinary general meeting scheduled for October 30, 2026. For investors, this part of the proposal matters because it is an enabling resolution that allows the company to issue additional shares within the authorised limit.

EGM on October 30, 2026: what shareholders will decide

The next confirmed event in the disclosures is the extraordinary general meeting (also referred to as EOGM in parts of the information provided) scheduled for October 30, 2026. Shareholder approval is required for the preferential issue and the authorised share capital increase.

The board has appointed CS Nuren Nirmal Lodaya, Practising Company Secretary, as the scrutinizer to oversee the remote e-voting and e-voting process for the upcoming EGM. This appointment is a procedural step for ensuring voting is conducted and reported in line with applicable requirements.

DPS and open offer disclosures

The disclosures reference the Detailed Public Statement (DPS) related to the open offer. The DPS is stated as published on 22-09-2026 and includes the proposed preferential allotment. Separately, the company also indicated that the DPS was expected to be published on or before September 25, 2026.

For market participants tracking the open offer process, the DPS is a key document because it typically consolidates transaction structure, offer size, offer price, and the process steps under SEBI SAST. The information provided also flags that investors should watch for subsequent open offer disclosures and timelines under SEBI SAST after the shareholder meeting.

Key facts at a glance

Timeline of the announced steps

Market impact: what investors are likely to track

Two parallel actions are relevant for how the market assesses the company’s equity structure. First is the control transfer disclosed at 73.52% for ₹0.706 crore, along with an open offer for 26.00% of emerging equity and voting capital at ₹48 per share. Second is the potential increase in the equity base through the preferential allotment of up to 5,00,000 shares at ₹48, which is subject to shareholder approval.

The disclosures also include a price point of ₹87.0 per share with an announcement date of 12 Jun 2026 and record date of 12 Jun 2026 in the shared information set. While this is not linked to the September 2026 transaction steps, investors often use such reference points to compare against disclosed offer and issue prices when assessing corporate actions.

Why this matters: a grounded read of the disclosures

The announced steps bring together a change in control and a potential expansion of capital through a preferential issue. The open offer is explicitly linked to the emerging share capital, and the DPS is noted as including the proposed preferential allotment, which suggests that the transaction structure and eventual shareholding outcomes depend on the sequence and completion of approvals.

The October 30, 2026 EGM is the key near-term checkpoint because it is required for the preferential issue and the authorised share capital increase. After that, attention typically shifts to completion steps and the open offer process disclosures and timelines under SEBI SAST, as referenced in the company’s communications.

Conclusion

Oseaspre Consultants has disclosed a proposed transfer of control to Nimesh Sahadeo Singh and an open offer to acquire up to 1,82,000 shares, representing 26.00% of emerging voting capital, at ₹48 per share. In parallel, the board-approved preferential issue of up to 5,00,000 shares at ₹48 per share and the authorised share capital increase will go to shareholders at the October 30, 2026 EGM. The next confirmed milestone is shareholder voting on that date, followed by subsequent open offer-related disclosures and timelines under SEBI SAST.