Osel Devices Limited — Board Meeting, 15-05-2025: Outcome of Board Meeting

OSEL Devices has announced a board meeting on approving the issuance of up to 18 lakh convertible warrants to promoter Jyotsna Jawahar at Rs. 268 per share. These warrants can be converted into equity shares within 18 months, with 25% payable upfront. An Extraordinary General Meeting will be held on June 14 via video conferencing to get shareholder approval for this move, with e-voting scheduled from June 11 to 13. This fundraising step indicates the promoter’s intent to strengthen their stake.