Oasis Securities Limited is a **BSE-listed (Scrip Code: 512489)** Non-Banking Financial Company (**NBFC**) registered with the **Reserve Bank of India (RBI)** under Section 45-IA of the RBI Act, 1934 (**Registration No. 13.00069**). Originally incorporated in **1986**, the company has evolved from a traditional investment firm into a specialized, non-deposit-taking financial services provider. Following a transformative change in management in **2024**, the company is currently executing a strategic pivot toward technology-driven secured lending and capital-intensive growth. --- ### **Strategic Pivot & New Management Control** The company recently underwent a comprehensive **Change in Management and Control**, marking a new era in its corporate lifecycle. * **Acquisition:** In **July 2024**, a **70.65%** stake was acquired by new promoters: **Mr. Rajesh Kumar Sodhani, Mrs. Priya Sodhani, and Mr. Gyan Chand Jain**. * **Open Offer:** The acquisition was finalized via an open offer at a price of **₹90.50 per share** (inclusive of **10% interest** for payment delays). * **Modernization:** The new leadership is transitioning the firm from a legacy investment vehicle into a scalable financial platform focused on **MSMEs and retail customers**. * **Governance Updates:** The company has adopted a new set of **Articles of Association (AOA)** and **Memorandum of Association (MOA)** to align with the **Companies Act, 2013** and current **SEBI Listing Regulations**. --- ### **Core Business Verticals & Operational Model** Oasis Securities operates a fund-based business model centralized within a single reportable segment. Its activities are focused exclusively on the **domestic Indian market**. * **Lending Services:** The company provides structured financial solutions, including **consumer loans**, **secured loans**, and **asset-backed financial facilities**. * **Investment & Trading:** Manages a proprietary portfolio of securities and financial assets. This includes strategic long-term holdings, such as a **₹1.50 crore** investment in **Sodhani Academy of Fintech Enablers Ltd**. * **Target Segments:** Increasing focus on underserved **MSME** sectors and retail credit through a strengthened distribution network. * **Technological Integration:** The company is deploying digital infrastructure for **customer onboarding, credit assessments, and loan servicing** to reduce turnaround times and operational overhead. --- ### **Financial Performance & Capital Adequacy** The company demonstrated a significant financial turnaround between **FY 2023** and **FY 2025**, moving from a loss-making position to consistent profitability. | Metric | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :--- | :--- | :--- | | **Total Revenue** | **₹1.67 Crore** | **₹3.81 Crore** | **₹1.24 Crore** | | **Net Profit / (Loss)** | **₹86.79 Lakhs** | **₹1.42 Crore** | **(₹41.70 Lakhs)** | | **Tier I / Total CRAR** | **99%** | **90%** | **-** | | **Bad Loans / NPAs** | **Zero** | **-** | **-** | **Key Financial Highlights:** * **Solvency:** Maintains an exceptionally high **Capital to Risk-Weighted Assets Ratio (CRAR) of 99%**, far exceeding regulatory minimums. * **Asset Quality:** Reported **zero bad loans or NPAs** for **FY 2024-25**, reflecting a disciplined approach to credit appraisal. * **Cash Flow:** The company reported **no cash losses** for the financial year ending March 2025. * **Regulatory Status:** As an NBFC with an asset size below **₹100 crore**, it is currently exempt from maintaining a **Liquidity Coverage Ratio (LCR)**. --- ### **Capital Structure & 2026 Growth Roadmap** To facilitate its expansion strategy, the company has restructured its equity and initiated significant capital-raising activities. * **Stock Split:** In **February 2025**, shares were sub-divided from a face value of **₹10** to **₹1** to enhance market liquidity. * **Authorized Capital:** Increased to **₹5,00,00,000** (divided into **5,00,00,000** shares of **₹1** each). * **Rights Issue:** The company is executing a **Rights Issue** to raise up to **₹30 crore** (downsized from an initial proposal of **₹49 crore**). **Planned Deployment of Rights Issue Proceeds (FY 2026-27):** * **NBFC Operational Scaling:** **₹2,500.00 Lakhs** allocated to augmenting the capital base for lending. * **General Corporate Purposes:** Capped at **25%** of gross proceeds, intended for brand building and marketing. * **Profitability Targets:** Management projects a profit increase of **25-50%** in the coming years through business scaling and improved margins. --- ### **Risk Mitigation & Governance Framework** Oasis Securities operates in a high-stakes regulatory environment and has identified several key risk vectors: **1. Credit & Market Risks** * **Asset-Backed Pivot:** To mitigate the risks of **unsecured lending**, the company is shifting toward **Home Loans, LAP (Loan Against Property), Vehicle, and Gold Finance**. * **Market Volatility:** Proprietary trading and investment activities are subject to stock market upheavals, which can impact the bottom line. **2. Operational & Data Risks** * **Cybersecurity:** As operations digitize, the company is prioritizing the protection of sensitive customer bank and credit data against **security breaches**. * **Internal Controls:** Continuous monitoring is employed to prevent **operational errors or fraud** that could arise during rapid scaling. **3. Regulatory & Legal Standing** * **Compliance:** Strict adherence to **RBI** and **SEBI** norms is mandatory to maintain the NBFC license. * **Tax Litigation:** The company is currently contesting a legacy tax demand: * **Statute:** Income Tax Act, 1961 * **Amount:** **₹18.89 Lakhs** (AY 2011-12) * **Forum:** Commissioner of Income Tax (Appeals) **4. Macroeconomic Factors** * **Interest Rate Sensitivity:** Fluctuations in market rates impact **Net Interest Margins (NIM)**. The company manages **Asset-Liability Mismatch (ALM)** risks, particularly regarding long-term loan funding and employee gratuity payouts.