Osel Devices Limited — Board Meeting, 21-05-2025: Outcome of Board Meeting

OSEL Devices has announced a board meeting to approve the creation of a wholly owned subsidiary, OSEL Industrial Park Private Limited. This new entity will focus on manufacturing, warehousing, and logistics, marking the company’s entry into industrial park operations. Funded in phases, the subsidiary currently has no turnover. This strategic expansion could strengthen OSEL’s operational capabilities in these sectors, enhancing its growth potential without involving any acquisitions or changes in promoter stakes beyond the new subsidiary.