Optiemus Infracom shares hit 20% upper circuit limit on Nothing JV; here's why

Shares of Optiemus Infracom, which is engaged into the business of electronics manufacturing in India, hit their 20 per cent upper circuit limit after the smallcap company said it has expanded the existing partnership with Nothing Electronics Private Limited (Nothing) by entering into a binding term sheet to establish a Joint Venture (JV).

The focus of this JV will be to commercialise and sell CMF products including but not limited to mobile phones and their subassemblies/components, subject to fulfillment of the conditions precedent and definitive agreements.

"Subject to the fulfilment of conditions precedent and receipt of necessary approvals and execution of definitive agreements, the Company will initially acquire 51.1 per cent of the equity share capital of proposed JV company," Optiemus Infracom said in an exchange filing.

Optiemus Infracom said the expanded partnership takes forward the strategic manufacturing joint venture that Nothing and Optiemus announced in September 2025, which established India as a production hub for Nothing and CMF products.

"That joint venture will now evolve into a deeper, more comprehensive partnership: manufacturing, ownership, and R&D are now united under a single Indian entity with CMF, the natural next step in Nothing and
Optiemus's shared commitment to building India's technology capability from the ground up," the company said.

CMF's investment in local R&D and engineering is intended to build on that foundation, taking India's role in the smartphone value chain from manufacturing towards technology development and global exports.