EGM on Nov 12 to approve issue of 1.7 lakh convertible warrants at Rs 412 each
OSELDEVICE · price
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Osel Devices Limited will hold an Extra-ordinary General Meeting on Thursday, November 12, 2026 to seek shareholder approval for issuing up to 1,70,000 convertible warrants at Rs 412 each, totalling about Rs 7 crore, to non-promoter allottee Mrs. Pooja Kohli. Proceeds will go entirely to working capital needs. 25 percent of the price is paid upfront and the balance 75 percent on conversion within 18 months. Remote e-voting runs November 7 to November 11, 2026 with cut-off date November 5, 2026.
Shareholders need to vote by Nov 11 on a preferential warrant issue that may dilute equity if all warrants convert into shares; company raises about Rs 7 crore for working capital.