Oseaspre Consultants (OSEASPR) Posts Nil Revenue as Losses Deepen in Q2 FY27
The consultancy firm reported zero operational income for the second quarter, with its net loss widening sequentially despite a significant dividend payout.
Oseaspre Consultants reported zero revenue from operations in Q2 FY27, with net loss widening to ₹0.06 crore. The quarter was overshadowed by a major dividend payout and a pending change in control.
For Oseaspre Consultants, the second quarter was defined by what did not happen. The technical consultancy firm reported zero revenue from operations for the three months ended September 2026, continuing a pattern of sporadic income. The reported net loss widened to ₹0.06 crore, a deeper deficit than the previous quarter.
The numbers reveal a business in a holding pattern. Revenue fell 100% both year-on-year and quarter-on-quarter, landing at nil. Profit, which remains negative, showed a paradoxical 50% improvement year-on-year only because the loss in Q2 FY26 was ₹0.04 crore. Sequentially, the loss doubled.
Revenue (₹ Cr)
Profit (₹ Cr)
| Metric | CurrentQ2 FY27 | PreviousQ1 FY27 | Same quarter LYQ2 FY26 |
|---|---|---|---|
| Period | Sep 2026 | Jun 2026 | Sep 2025 |
| Revenue (₹ Cr) | 0.00YoY -100% | 0.02 | 0.01 |
| Profit (₹ Cr) | -0.06YoY -50% | -0.03 | -0.04 |
A Shrinking Financial Cushion
The absence of revenue was compounded by a sharp contraction in the company's cash reserves. According to a report by ScanX.trade, cash and cash equivalents plummeted to just ₹2.99 lakh as of September 2026, down from ₹209.83 lakh at the end of the previous fiscal year. This drastic decline is largely attributed to a dividend payment of ₹174 lakh made during the half-year.
Such a substantial payout, against a backdrop of operational losses, has significantly eroded the equity base. The same report notes shareholder funds dropped sharply, leaving minimal retained earnings. This raises questions about financial flexibility in the absence of new income.
Corporate Overhaul Overshadows Operations
The quarter's financials were eclipsed by a major corporate development. On September 18, 2026, the company's promoters signed an agreement to sell their entire 73.52% stake to Nimesh Sahadeo Singh, as reported by ScanX.trade and Multibagg AI. A mandatory open offer for a further 26% of public shares has been announced at ₹48 per share.
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· OSEASPR
(BSE)
ISIN: INE880P01015
Concurrently, the board approved a preferential issue of up to 5 lakh shares at the same price to raise ₹2.4 crore for business expansion. An extraordinary general meeting is scheduled for October 30, 2026, to seek shareholder approval. The company's near-term story is now less about quarterly consultancy income and more about this potential change in control and capital infusion.
Key Points
- Oseaspre Consultants reported zero revenue from operations for Q2 FY27, with a net loss of ₹0.06 crore.
- The company's cash position collapsed to ₹2.99 lakh after a ₹174 lakh dividend payout, severely reducing its financial buffer.
- Promoters have agreed to sell a 73.52% controlling stake, triggering an open offer at ₹48 per share for public shareholders.
- The board has approved a ₹2.4 crore preferential share issue to fund expansion, pending shareholder approval.
Hexa Perspective
The reported quarter confirms Oseaspre as a company in transition, with its legacy consultancy business generating no income. The financials are now a footnote to the larger corporate action. The success of the preferential issue and the strategic intent of the new controlling shareholder will determine the company's future trajectory. Until that capital is deployed and a new business plan emerges, the company remains an entity defined by its balance sheet and pending ownership change, not its operations.
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