Date: 22nd September, 2026

Board Meeting Outcomes

  • The Board of Directors meeting was held on 22nd September, 2026, commencing at 12:00 Noon and concluding at 12:15 P.M.
  • The Board accorded approval to expand the existing partnership with Nothing Electronics Private Limited ("Nothing") by entering into a binding term sheet.
  • The purpose is to establish a Joint Venture ("JV") Company for the commercialization and sale of CMF products including but not limited to mobile phones and their subassemblies/components.
  • The JV is subject to fulfillment of conditions precedent and execution of definitive agreements.

Joint Venture Details

  • Optiemus will initially acquire 51.1% of the equity share capital of the proposed JV Company at its face value, as per provisions of applicable laws.
  • Initially, Optiemus shall appoint one director and Nothing shall appoint one director on the Board of the proposed JV Company as their respective nominees.
  • The parties are not related to promoter/promoter group/group companies in any manner.
  • The transaction does not fall within related party transactions.

Strategic Partnership Expansion

  • The expanded partnership takes forward the strategic manufacturing joint venture announced in September 2025.
  • Optiemus will also join Nothing's upcoming Series A investment round for the CMF brand.
  • The partnership aims to build India's first full-stack smartphone R&D capability across six core disciplines: Industrial Design, Mechanical Engineering, Camera Engineering, Software Engineering, Connectivity Engineering, and Component Engineering.
  • CMF is described as a global consumer technology brand founded by Nothing in 2023, sold in more than 40 countries, and recognized with Red Dot and iF Design awards.
  • In India, CMF grew volumes 83% year-on-year in 2025, making it the country's fastest-growing smartphone brand (per Counterpoint Research Q4 2025 India Smartphone Shipment Tracker).

Corporate Background

  • Optiemus Infracom Limited is a publicly listed company engaged in electronics manufacturing in India, providing end-to-end solutions to global and Indian brands.
  • The Group operates six integrated business verticals across mobile devices, IT hardware, telecom equipment, hearables & wearables, precision cover glass, and defence-grade unmanned systems.
  • The company has five state-of-the-art manufacturing units across India.