Optiemus Infracom Reshuffles Board, Modifies Rs 296.37 Crore Fund Deployment

2 min read     Updated on 28 Aug 2025, 02:11 PM
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Shriram ShekharScanX News Team
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Overview

Optiemus Infracom has made significant changes to its board composition and fund deployment strategy. Key board changes include the reappointment of Ashok Gupta as Executive Chairman and Ritu Goyal as Independent Director, appointment of Vishal Rajpal as new Independent Director, and cessation of Naresh Kumar Jain's term. The company also appointed new Legal and Taxation heads. Additionally, Optiemus revised its fund allocation from a preferential issue, notably increasing working capital allocation from Rs 14.82 crore to Rs 65.70 crore. The 32nd AGM is scheduled for September 30, 2025.

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*this image is generated using AI for illustrative purposes only.

Optiemus Infracom Limited , a key player in the telecom industry, has announced significant changes to its board composition and fund deployment strategy. The company's Board of Directors approved several crucial decisions during a meeting held on August 28, 2025.

Board Restructuring

The company has made notable changes to its leadership structure:

  • Executive Chairman Reappointment: Mr. Ashok Gupta has been re-appointed as Whole-time Director and Executive Chairman for a three-year term from April 1, 2026, to March 31, 2029. This appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

  • Independent Director Reappointment: Ms. Ritu Goyal has been re-appointed as an Independent Director for a second term of five years, from April 1, 2026, to March 31, 2031, pending shareholder approval.

  • New Independent Director: Mr. Vishal Rajpal has been appointed as an Independent Director for a three-year term, effective October 28, 2025, to October 27, 2028, subject to shareholder approval.

  • Director Cessation: Mr. Naresh Kumar Jain will cease to be an Independent Director upon completion of two consecutive five-year terms on October 27, 2025.

Senior Management Changes

The Board has also approved changes in senior management:

  • Mr. Kush Srivastava has been designated as Legal Head.
  • Mr. Rajesh Rana has been appointed as Taxation Head.

Both appointments are effective from August 28, 2025.

Fund Deployment Modification

Optiemus Infracom has announced a significant modification in the deployment of funds raised through a preferential issue of equity shares and fully convertible warrants. The company has revised the allocation of Rs 296.37 crore as follows:

Particulars Existing Amount (Rs in Lakh) Proposed Amount (Rs in Lakh) Utilization Deadline
Optiemus Electronics Limited 6,846.10 3,870.00 March 31, 2027
GDN Enterprises Private Limited 5,186.44 5,186.44 March 31, 2027
Optiemus Unmanned Systems Private Limited 1,867.12 800.00 March 31, 2027
Bharat Innovative Glass Technologies Private Limited 6,846.10 5,800.70 March 31, 2027
Working capital requirements 1,481.84 6,570.47 December 31, 2026
General Corporate Purposes 7,409.20 7,409.20 December 31, 2026
Total 29,636.81 29,636.81

Notably, the allocation for working capital requirements has been substantially increased from Rs 14.82 crore to Rs 65.70 crore.

Annual General Meeting

The 32nd Annual General Meeting of Optiemus Infracom is scheduled for September 30, 2025, at 3:00 PM IST through video conferencing. The company has set the book closure period from September 24 to September 30, 2025, for the AGM.

These strategic decisions reflect Optiemus Infracom's efforts to strengthen its governance structure and optimize its financial resources for future growth in the dynamic telecom sector.

Historical Stock Returns for Optiemus Infracom

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Optiemus Infra Launches Rhinotech Brand, Targets ₹2000 Crore Revenue by 2027

1 min read     Updated on 13 Aug 2025, 12:47 PM
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Reviewed by
Ashish ThakurScanX News Team
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Overview

Optiemus Infracom has introduced Rhinotech, a new brand for manufacturing Indian-made tempered glass screen protectors for mobile devices. The company aims to achieve a revenue of ₹2000 crore by March 2027 from this venture. This move aligns with India's 'Make in India' initiative and could potentially impact the mobile accessories market by increasing competition, promoting localized production, and affecting pricing of screen protectors.

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*this image is generated using AI for illustrative purposes only.

Optiemus Infracom has made a significant move in the mobile accessories market with the launch of its new brand, Rhinotech. The company, known for its telecommunications and mobility solutions, is now venturing into the production of Indian-made tempered glasses for mobile screens.

Rhinotech: A New Player in Mobile Screen Protection

Optiemus Infra has introduced Rhinotech as a brand dedicated to manufacturing tempered glass screen protectors for mobile devices. This strategic move aligns with the growing demand for high-quality screen protection solutions in the booming smartphone market.

Ambitious Revenue Target

The company has set an ambitious revenue target for its new product line:

Target Value
Revenue ₹2000 crore
Timeline By March 2027

This substantial revenue goal underscores Optiemus Infra's confidence in the potential of the Rhinotech brand and the market demand for locally produced mobile accessories.

Made in India Initiative

The launch of Rhinotech aligns with India's push for self-reliance in manufacturing. By producing tempered glasses domestically, Optiemus Infra is contributing to the 'Make in India' initiative while potentially offering competitive pricing and faster delivery to the Indian market.

Market Implications

This move by Optiemus Infra could have several implications for the mobile accessories market in India:

  1. Increased competition in the tempered glass segment
  2. Potential for more localized production of mobile accessories
  3. Possible impact on pricing of screen protectors in the Indian market

As Optiemus Infra rolls out its Rhinotech brand, it will be interesting to see how the market responds and whether the company can achieve its ambitious revenue target in the coming years.

Historical Stock Returns for Optiemus Infracom

1 Day5 Days1 Month6 Months1 Year5 Years
-0.78%-5.25%-6.10%+26.04%-3.79%+908.34%
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