Osel Devices Approves Financial Results, Grants 1,60,000 Stock Options, and Appoints New Independent Advisor

Osel Devices Approves Financial Results, Grants 1,60,000 Stock Options, and Appoints New Independent Advisor​

Osel Devices Limited announced several key corporate updates, including the approval of its audited standalone and consolidated financial results for the half-year and full financial year ended March 31, 2026. The Board of Directors also approved the granting of fresh stock options and the appointment of a new Independent Advisor.

Financial Results and EPS Corrections​

The Board of Directors formally approved the audited Standalone and Consolidated Financial Results for the half-year and financial year ended March 31, 2026, along with the accompanying audit report, which provided an unmodified opinion.

In a subsequent communication regarding the outcome of the board meeting, the company notified the market of an inadvertent typographical error in the Earnings Per Share (EPS) figures presented in the financial results. The correct EPS figures for the periods ended March 31, 2026, are detailed below:


The company confirmed that all other aspects of the outcome letter dated May 29, 2026, remain unchanged.

Corporate Governance and Operational Changes​

During the board meeting held on May 29, 2026, the Board of Directors approved several strategic and governance initiatives:

• Stock Option Grant: The Nomination and Remuneration Committee recommended the approval of 1,60,000 fresh stock options to eligible employees under the 'Osel Devices Employee Stock Option Plan 2026.' These options are set to vest over a period of one year from the date of grant (May 29, 2026).
• New Appointment: The Board also approved the appointment of Mr. Ajay Thakur as Independent Advisor (Corporate Compliance & Investor Management), effective from June 01, 2026. Mr. Thakur, who is currently the CEO & Managing Partner of TGI SME Capital Advisors LLP, brings over 30 years of experience in the Indian capital markets ecosystem.
• Internal Auditors: The Board of Directors approved the reappointment of M/s. Anoop R Chandra & Co, Chartered Accountants, as Internal Auditors for the Financial Year 2026-27.
• Registered Office Shift: The company announced the shifting of its Registered Office from 712, Naurang House, K.G. Marg, Connaught Place, Central Delhi, to 1209 & 1210, 12 Floor, B Block, Naurang House, K.G. Marg, Connaught Place, Central Delhi. This shift is effective from June 01, 2026.

Fund Utilization and Auditing​

The company provided statements confirming the utilization of funds raised through its Initial Public Offer (IPO) and preferential issue of fully convertible warrants and equity shares for the half-year and financial year ended March 31, 2026.

Reports from the statutory auditors, Kumar Samantaray & Associates, confirmed that the actual utilization of both the Public Issue proceeds (dated 20-09-2024) and the Preferential Issue proceeds (dated 01-09-2025) had no deviations or variations, with funds being deployed for their original purposes, including funding working capital requirements.

The audit reports for both standalone and consolidated financial results indicated that the financial statements were presented in conformity with applicable accounting standards and provided a true and fair view.

Financial Highlights (Amounts in Lakhs)​

The company’s financial position as of March 31, 2026, showed key figures across its standalone and consolidated statements:

Standalone Statement of Assets and Liabilities (As on March 31, 2026)


Consolidated Statement of Assets and Liabilities (As on March 31, 2026)

OSELDEVICE Stock Price Movement​

On Friday, Osel Devices Limited shares slipped by 2.36% to settle at ₹492.85. The stock saw trading volume reach 27,800 shares, suggesting downward momentum throughout the session.