Osel Devices Limited — Board Meeting, 30-07-2025: Outcome of Board Meeting

OSELDEVICE has announced a board meeting where a significant fundraising plan was approved. The company proposes a preferential issue of up to 15.65 lakh equity shares and 1 lakh warrants, both at Rs 340 each, to non-promoter public investors. This initiative aims to raise approximately Rs 53.22 crore from shares and Rs 3.4 crore from warrants. Warrants are convertible into equity shares within 9 months. An Extra-Ordinary General Meeting will be held on August 23, 2025, to seek shareholder approval for these proposals.