Osia Hyper Retail Limited Announces Outcome of Board Meeting on September 17, 2025

Strategic Insights -

The Board of Directors of Osia Hyper Retail Limited held a meeting on September 17, 2025, to discuss various matters, including the withdrawal of Elitecon International Limited's intention to subscribe to equity shares and convertible warrants, and the increase in the issue size of fund raising by way of Preferential Issue of Convertible Warrants. The meeting also approved the appointment of an Additional Director and the change in the venue for the Extra Ordinary General Meeting.

Key Takeaways:

  • The Board of Directors of Osia Hyper Retail Limited withdrew Elitecon International Limited's intention to subscribe to 4,54,54,545 equity shares and 5,45,45,454 convertible warrants aggregating to Rs.99,99,99,990 and Rs.119,99,99,988, respectively.
  • The total proposed investment by Elitecon International Limited was to be made by Foreign Portfolio Investors (FPIs), with three FPIs participating in the proposed preferential issue of convertible warrants.
  • The issue size of fund raising by way of Preferential Issue of Convertible Warrants was increased from up to Rs.350,00,00,000 to up to Rs.449,99,99,988.
  • The Extra Ordinary General Meeting (EGM) of the Company was rescheduled to be held at Hotel Double Tree by Hilton, Ambli Bopal Road, Vikram Nagar, Ahmedabad, Gujarat, India, 380054.
  • Mrs. Riddhiben Kevinkumar Tilva was appointed as an Additional Director (Independent Director) of the company for a period of five years, subject to approval of Shareholders in the General Meeting/Postal Ballot.

Statistics:

  • 4,54,54,545 equity shares and 5,45,45,454 convertible warrants substituted by Foreign Portfolio Investors.
  • Total proposed investment of Rs.219,99,99,978 made by Foreign Portfolio Investors.
  • Increase in issue size of fund raising by way of Preferential Issue of Convertible Warrants from up to Rs.350,00,00,000 to up to Rs.449,99,99,988.
  • Three FPIs participating in the proposed preferential issue of convertible warrants.

Sources:

  • National Stock Exchange of India Limited, "Outcome of Board Meeting," accessed September 17, 2025 [https://www.nseindia.com/aboutus/announcements/35701](https://www.nseindia.com/aboutus/announcements/35701).