Kaushal Kumbhat

Day light heist by OYO @oyorooms ! Long thread but pls read this to know how retail investors are being short-changed by Promoters !! 1) Oyo comes out with a normal postal ballot with 3 matters on 27th oct - Increase in Authorised Capital - Issue of Bonus CCPS - Issue of sweat equity shares 2) Normally whenever you are a retail shareholder you would tend to ignore such postal ballots & emails from companies. Which is exactly the intention of this one - that one ignores the mail and does not action upon it. 3) Hidden beneath the second matter is a unique design to corner larger chunk of shares. 4) They come out with Bonus CCPS issue and give investors *only 3* days to respond to that 5) And the Bonus CCPS is a pure speculative bet which only "insiders and promoters" can control 6) Conditions of Bonus CCS are thus: Its not a normal 1:1 issue but a high-risk, high-reward “IPO-linked” instrument. For every 6,000 shares → 1 Bonus CCP Class A (Default): 1 CCPS → 1 share (if you do nothing, ignore or miss the mail - you get 1 CCPS which eventually converts to 1 Equity Share for every 6000 shares) Class B (Opt-in): If they are able to appoint "Merchant Bankers for IPO in this FY 25-26" → 1 CCPS → 1,109 shares. (So, one gets additional 1109 bonus shares for every 6000 equity shares held now). If no Merchant banker appointment → 1 CCPS → 0.1 share (which effectively means nothing) 7) Now understand the design here - most retails investors will be under "Class A" - as they will miss reading the hidden clauses in a 50+ page document, or miss the deadline as its just a 3-day window, or simply ignore it for multiple reasons. 8) Class B is clear winner here and a no-brainer choice. Because the upside is huge with very little downside. If they appoint Merchant bankers, one is eligible for extra 1109 shares for every 6000 shares held. That is a neat 18.5% upside !! 9) Now, only people who will know this & control this are promoters and senior folks in #OYO 10) What an idea sirji.. let common investors ignore this message. Only promoter and large Insti holders apply for this Class B. They appoint Merchant bankers at their whims & corner a large pool of shares for free !!! 11) Simply classic day-light corporate heist. By giving just 3 days to respond to this email (along with documentation requirement) they have made it virtually impossible for normal investors to opt for Class B ! 12) Not sure, if this kind of a proposal will stand legal scrutiny and is even allowed in first place. Its betting of highest order and as always, 'The house always wins'. Here the house (Oyo Rooms) has played its cards so well, that they will corner almost 18.5% extra equity with retail investors not even knowing what passed-by !! Pls raise your concerns against this and let this be heard everywhere ! @_anujsinghal @blitzkreigm @SurabhiUpadhyay @MCA21India