One Point One Solutions Board Approves ₹9 Crore Preferential Issue of Warrants
One Point One Solutions will raise up to ₹9 crore via preferential issue of 15 lakh warrants at ₹60 each. Warrants are convertible into equity shares within 18 months. The company will hold its AGM on September 25, 2026, to seek approval. September 18, 2026, is the cut-off date for remote e-voting.
The fundraise of ₹9 crore is a material amount for the company and could impact its financial structure and future operations. The preferential allotment to non-promoters suggests potential new investors, which can be seen as a positive signal.
The company is raising funds through a preferential issue, which is generally viewed positively as it can provide capital for growth and expansion.
One Point One Solutions Limited announced that its Board of Directors, in a meeting held on August 28, 2026, approved the raising of funds through a preferential issue of up to 15,00,000 warrants. Each warrant is convertible into one equity share of face value ₹2 at an issue price of ₹60 per warrant, including a premium of ₹58. The total amount raised through this issuance is expected to be up to ₹9 crore.
The preferential issue will be made to Non-Promoter Investors in accordance with Chapter V of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The issuance is subject to the approval of regulatory/statutory authorities and the shareholders of the Company at an ensuing Extra Ordinary General Meeting.
The Board also approved the draft notice for the Annual General Meeting (AGM) to be held on Friday, September 25, 2026, through Video Conference/Other Audio-Visual Means. The AGM will seek shareholder approval for the aforementioned preferential issue. The notice for the AGM will be sent separately to the Stock Exchanges and Company Members and will be available on the company's website and the websites of NSE and BSE.
The company has fixed Friday, September 18, 2026, as the 'Cut-off-Date' for determining the eligibility of members for remote e-voting. Shareholders holding shares as of the close of business hours on this date will be eligible to participate in remote e-voting and vote at the AGM. Mr. Mihen Halani and Ms. Nidhi Grover of M/s. Mihen Halani & Associates have been appointed as Scrutinizers for the e-voting process.
The meeting commenced at 11:30 am and concluded at 3:45 PM.
A plain-language summary of a public exchange filing by One Point One Solutions Limited. Read the original for the full detail.