One Point One Solutions Limited has informed the Exchange regarding Outcome of Circular Resolution passed by Board of Directors on April 25, 2025.
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One Point One Solutions Limited has approved the conversion of 3,79,944 convertible warrants into an equal number of equity shares (face value Rs. 2 each) at an issue price of Rs. 28.32 per warrant. The company received Rs. 80.70 lakh as the balance 75% amount from two non-promoter allottees — Adiraju Rajendra Prasad (79,944 warrants) and Srilakshmi Vemulapalli (3,00,000 warrants). Following this conversion, the company's paid-up share capital increased from Rs. 52.50 crore to Rs. 52.58 crore (26,28,77,099 equity shares). A total of 57,45,000 warrants are still pending conversion within the 18-month window from the original allotment date of October 27, 2023.
This is a small dilutionary event (~0.14% increase in share count) and signals continued promoter/allottees confidence as warrant holders are exercising their right to convert. Shareholders should note that a much larger tranche of 57.45 lakh warrants is still pending conversion, which could result in further dilution over time if exercised.