Oscar Global Seeks ₹60 Crore Authorised Capital as Core Operations Remain Closed

FY26 total income: ₹14.43 lakh, versus ₹15.51 lakh in FY 2024-25.
FY26 net loss: ₹11.16 lakh, narrowing from ₹21.06 lakh a year earlier.

Reader Takeaway: Lower losses offer some relief, but the company still lacks an active core manufacturing business.

What just happened

Oscar Global Limited has called its 35th Annual General Meeting for September 30, 2026, with shareholders set to consider a major expansion of the company's authorised share capital.

The company proposes increasing authorised capital to ₹60 crore from ₹4 crore. The revised structure would comprise 6 crore equity shares of ₹10 each, compared with the existing 40 lakh shares of ₹10 each.

Management said the increase is intended to provide flexibility for future business needs and possible capital raising.

Why this matters

The capital proposal comes at a time when Oscar Global has stopped its earlier manufacturing and export operations in leather garments and accessories.

The company currently has no ongoing manufacturing activity and is evaluating potential new business opportunities. That makes the ₹60 crore authorised-capital proposal an enabling step rather than evidence of a confirmed new project or fundraising transaction.

For shareholders, the key question is what business the new management intends to pursue and how much capital it may require.

Financial position

Oscar Global reported total income of ₹14.43 lakh for FY 2025-26 compared with ₹15.51 lakh in the previous year.

The net loss narrowed to ₹11.16 lakh from ₹21.06 lakh. While the reduction in losses is positive, the absolute revenue base remains very small and the company has yet to establish a new operating business.

Management and governance changes

Following a management change in April 2026, the AGM will consider regularising the appointments of Arvind Ganpat Desai, Gopal Bhatter, Sonia Bhatter, Monika Bhatter and Radheyshyam Pandey to the board in their respective executive, non-executive and independent roles.

The company also proposes appointing Joshi Gadgil & Co. as statutory auditor for five years.

Ramesh Chandra Bagdi & Associates is proposed as secretarial auditor for FY 2026-27 through FY 2030-31.

Risks to watch

The main risk is execution. Oscar Global has no active manufacturing operations, so its future financial performance depends on identifying and successfully launching a viable new business.

A larger authorised-capital base also creates room for future equity issuance. Any actual fundraising could dilute existing shareholders depending on its size, pricing and structure.

What to track next

The September 30 AGM outcome is the first trigger.

After that, investors should watch for concrete disclosures on a new business strategy, capital deployment, any proposed fundraising and the timetable for restarting meaningful revenue-generating operations.