Oasis Securities Ltd to Raise Up to Rs. 30.00 Crores Through Rights Issue
Oasis Securities Ltd announced that its Board of Directors, in a meeting held on April 10, 2026, approved plans to raise funds through a rights issue. This financing move involves the issuance of equity shares to eligible equity shareholders of the Company as of the record date.The Board meeting commenced at 12:00 P.M. and concluded at 12:26 P.M. on Friday, April 10, 2026.
The details of the proposed rights issue indicate the following structure:
| Particulars | Details |
|---|---|
| Type of securities proposed | Equity Shares |
| Type of Issuance | Rights issue |
| Aggregate amount not exceeding | Rs. 30.00 Crores (Rupees Thirty Crores only) |
| Face value per equity share | Re. 1.00/- |
The right issue is proposed on a rights basis to eligible equity shareholders. The detailed terms, including the issue price, rights entitlement ratio, and record date, will be determined and disclosed in due course by a duly constituted Right Issue Committee formed by the Board of Directors.
Appointment of New Chief Financial Officer
In addition to the fundraising announcement, the Board approved the appointment of Mr. Surendra Kumar Joshi as the Chief Financial Officer (CFO) of Oasis Securities Ltd, effective April 10, 2026. This appointment follows the cessation of Mr. Devi Dutt Agarwal from the post of CFO on March 23, 2026.Mr. Surendra Kumar Joshi brings expertise as a qualified Chartered Accountant and a Rank Holder in M.Com, having secured First Rank in M.Com. His professional experience encompasses financial reporting, budgeting, compliance with GST and TDS, and assisting with statutory and internal audits.
The company has formed a Right Issue Committee, which has been delegated authority to approve further matters and exercise necessary powers related to the proposed Rights Issue.
Stock Price Movement
At 12:47 PM, Oasis Securities Ltd shares are ticking up, currently at ₹13.94, which represents a gain of 4.97%. Throughout the trading session today, the shares have moved across a range, oscillating between an intraday low of ₹13.01 and a high of ₹13.94.Source:
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