Osel Devices

Osel Devices' board approved the three-year reappointment of Managing Director Rajendra Ravi Shanker Mishra and Whole-time Director Mukesh Kumar Sinha from January 16, 2027, and regularised Dhwani Fatehpuria as an independent director. It also approved the proposed merger of Osel Healthcare with SFL Hearing Solutions, both subsidiaries, and a related-party transaction with Guardian Technologies of up to ₹50 crore in FY27. The board approved proposals to increase authorised share capital from ₹20 crore to ₹25 crore, expand the company's objects to cover mobile phones and hearing-aid products, and hold its annual general meeting on September 25 by video conference. Jyotsna Jawahar resigned as Whole-time Director and CFO with effect from the close of business on August 27, citing maternity and reporting no other material reason or disagreement. Osel Devices' FY26 revenue was ₹292.7 crore, with hearing aids, LED displays and Philips-branded mobile phones accounting for roughly 42%, 40% and 19% of the mix, respectively.

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Osel Devices’ Whole-time Director and chief financial officer, Jyotsna Jawahar, resigned on August 27, citing maternity and saying there were no other material reasons or unresolved disagreements with the board. The board approved three-year reappointments for Managing Director Rajendra Ravi Shanker Mishra and Whole-time Director Mukesh Kumar Sinha from January 16, 2027, subject to shareholder approval, and backed the proposed merger of subsidiaries Osel Healthcare and SFL Hearing Solutions. It also approved an increase in authorised share capital to ₹25 crore from ₹20 crore, additions to the memorandum covering mobile phones and hearing-aid products, and related-party transactions with Guardian Technologies of up to ₹50 crore in FY27, subject to shareholder approval. The company reported FY26 revenue of ₹292.7 crore and profit after tax of ₹29.2 crore, while SFL’s hearing-aid retail business had not yet been consolidated.

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Osel Devices' board approved the resignation of Jyotsna Jawahar as whole-time director and chief financial officer, effective at the close of business on August 27, citing maternity and recording no other material reason or disagreement. It approved the proposed merger of subsidiary Osel Healthcare with step-down subsidiary SFL Hearing Solutions, along with proposals to reappoint the managing director and whole-time director for three years from January 16, 2027, and to regularise an additional independent director. The board also approved proposals to increase authorised share capital from ₹20 crore to ₹25 crore, expand the objects clause to cover mobile and hearing devices, and enter into related-party transactions with Guardian Technologies of up to ₹50 crore for FY27. SFL Hearing Solutions had standalone revenue of about ₹26-27 crore in FY26 and had not yet been consolidated, while Osel Devices reported FY26 revenue of ₹292.7 crore and PAT of ₹29.2 crore.

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July 16 (Reuters) - Osel Devices Ltd OSEL.NS:

• OSEL DEVICES - ENTERS OEM COOPERATION AGREEMENT WITH COLORLIGHT CLOUD TECH

Source text: ID:nNSE2zR1qQ

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March 24 (Reuters) - Osel Devices Ltd OSEL.NS:

• OSEL DEVICES- UNIT ENTERED AGREEMENT FOR ACQUISITION OF 90.69% OF SFL HEARING SOLUTIONS

• OSEL DEVICES- DEAL FOR CONSIDERATION OF 300 MILLION RUPEES

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Jan 15 (Reuters) - Osel Devices Ltd OSEL.NS:

• OSEL DEVICES LTD - APPOINTS DIPANKAR GHOSHAL AS CEO

Source text: ID:nnAZN4RZ0SB

Further company coverage: OSEL.NS

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July 30 (Reuters) - Osel Devices Ltd OSEL.NS:

• TO ISSUE UP TO 1.6 MILLION SHARES AT 340 RUPEES/SHARE

• TO ISSUE 100,000 WARRANTS AT 340 RUPEES EACH

Source text: ID:nNSE5NhdQc

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Jan 21 (Reuters) - Osel Devices Ltd OSEL.NS:

• ENTERS STRATEGIC AGREEMENT WITH TPV AUDIO AND VISUAL TECHNOLOGY

• AGREEMENT TO MANUFACTURE AND DISTRIBUTE PHILIPS MOBILE PHONES AND TABLETS IN INDIA

Source text: ID:nNSE7N0h05

Further company coverage: OSEL.NS

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