Osel Devices Limited — Updates, 21-01-2025: Press Release

Osel Devices Limited has entered into a Strategic Cooperation Agreement with TPV Audio and Visual Technology (Shenzhen) Co Ltd, authorized by Koninklijke Philips N.V., to manufacture and distribute mobile phones (feature phones and smartphones), tablets (Android and Windows), and other products under the Philips brand in India. This partnership allows Osel to leverage India's position as the second-largest mobile phone manufacturer globally, thereby enhancing its operational capabilities and market presence in a growing segment. This strategic move is expected to provide significant growth opportunities, marking a pivotal development in Osel's business trajectory. Shareholders should monitor this collaboration closely for its potential positive impact on the company’s performance.