OnEMI Technology Solutions Approves Financial Results and ₹624 Crore Rights Issue for Subsidiary Si Creva
OnEMI Technology Solutions Limited approved its Unaudited Financial Results for the quarter and half-year ended September 30, 2026. The Board also approved a ₹624.15 Crore rights issue by its subsidiary, Si Creva Capital Services Private Limited, to augment its capital base. The investment is expected by December 2026.
The substantial rights issue for a subsidiary directly impacts the company's capital structure and future growth prospects, making the impact high.
The approval of financial results and a significant rights issue for a subsidiary indicates positive financial health and strategic growth initiatives.
OnEMI Technology Solutions Limited announced the outcome of its Board Meeting held on October 28, 2026. The Board approved the Unaudited Financial Results (Standalone and Consolidated) for the quarter and half-year ended September 30, 2026. The Statutory Auditors provided an unmodified opinion on these results.
Furthermore, the Board approved an investment through a Rights Issue by its Wholly Owned Subsidiary, Si Creva Capital Services Private Limited. This investment involves subscribing to 23,37,516 equity shares at a price of ₹2,670.14 per share, aggregating to ₹624.15 Crores (₹6,24,14,94,972.24). The proceeds from this rights issue will be utilized for at least 75% of the funds raised from the company's preferential issue, aimed at augmenting Si Creva's capital base to support its business growth.
Si Creva Capital Services Private Limited is a Middle Layer Non-Deposit taking Non-Banking Financial Company, incorporated on July 08, 2015, with a presence in India. As of March 31, 2026, its paid-up share capital was ₹9.99 Crores and its net worth was ₹1,231.98 Crores. The turnover for FY 2025-26 was ₹1,541.33 Crores. The investment by OnEMI Technology Solutions in Si Creva is expected to be completed by the end of December 2026.
The Board Meeting commenced at 06:30 p.m. (IST) and concluded at 07:30 p.m. (IST).
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