Osel Devices Limited — Others, 02-08-2025: Copy of Newspaper Publication

OSEL Devices Limited has called an Extra-Ordinary General Meeting to seek shareholder approval for a preferential allotment of equity shares. The company proposes to issue up to 20 Crore equity shares, each priced at Rs. 1.25, aiming to raise up to Rs. 25 Crore. This capital infusion is intended to fund the company's ongoing and future business expansion plans. While this move could lead to shareholding dilution, it's crucial for strengthening the company's financial position and supporting its growth initiatives. Shareholders will vote on this proposal at the EGM.