Oscar Global Ltd Approves Extension of Managing Director Karan Kanika Verma's Tenure
Oscar Global Ltd announced that its Board of Directors has approved the extension of the tenure of Mr. Karan Kanika Verma, managing director of the company. This decision followed a circular resolution passed by the Board on April 10, 2026.Mr. Karan Kanika Verma had previously submitted his resignation as a director via a letter dated April 04, 2026, with the resignation taking effect from April 10, 2026. However, after considering a request made by Mr. Verma and acting in the perceived interest of the company, the Board opted to extend his tenure for an additional 20 days.
The extension allows Mr. Verma to continue serving up to the close of business hours on April 30, 2026. The primary stated reason for the extension is to facilitate statutory filings, serving the best interests of the company.
The key details regarding the tenure extension are outlined below:
| Particulars | Description |
|---|---|
| Reason for Extension | In the best interest of the company for statutory filings. |
| Board Approval Date | April 10, 2026 |
| Effective Tenure Period | April 11, 2026, up to the close of business hours on April 30, 2026 |
| Relationship Disclosure | Not related to any existing boards of directors of the company. |
Stock Price Movement
Oscar Global Ltd closed at ₹17.79 on Monday, posting flat numbers after the close of trade. The shares were completely locked at ₹17.79, holding steady across the entire intraday range.Source:
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