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Optiemus Electronics raised Rs. 296.368 Crore, reallocating funds after undersubscription
04-Aug-2026, 07:44
Optiemus Electronics Ltd. reported a progress update on funds raised through a recent issue, as of June 2026. Due to undersubscription, the total funds raised were reduced from an original Rs. 434.407 Crore to Rs. 296.368 Crore, necessitating a reallocation approved by shareholders at a September 2025 general meeting. As of June 2026, Rs. 216.857 Crore has been utilized, leaving Rs. 79.511 Crore unutilized. Investments in subsidiaries Optiemus Electronics and GDN Enterprises are fully funded, while Optiemus Unmanned Systems and Bharat Innovative Glass Tech have also seen full allocation. The company maintains that implementation remains on schedule, with a previous completion timeline of March 31, 2027.
Optiemus Electronics Ltd. reported a progress update on funds raised through a recent issue, as of June 2026. Due to undersubscription, the total funds raised were reduced from an original Rs. 434.407 Crore to Rs. 296.368 Crore, necessitating a reallocation approved by shareholders at a September 2025 general meeting. As of June 2026, Rs. 216.857 Crore has been utilized, leaving Rs. 79.511 Crore unutilized. Investments in subsidiaries Optiemus Electronics and GDN Enterprises are fully funded, while Optiemus Unmanned Systems and Bharat Innovative Glass Tech have also seen full allocation. The company maintains that implementation remains on schedule, with a previous completion timeline of March 31, 2027.