One Point One Solutions Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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One Point One Solutions Limited has filed its quarterly monitoring agency report for Q4 FY26 (ended 31 March 2026) confirming no deviation in the use of proceeds from its preferential issue completed between August-September 2024. The company raised ₹228.23 crore through equity shares (₹56/share) and convertible warrants, as 90 million warrants were forfeited in March 2026 due to non-payment of call money. The monitoring agency (India Ratings & Research) verified full utilization of funds across working capital (₹35.59 crore utilized), inorganic growth including acquisitions of Netcom Business Contact Center S.A. (₹54.65 crore) and ITNITY PTE. LTD. Singapore (₹18.25 crore), technology investments, and other stated objects. Total issue size was ₹304.53 crore originally, reduced to ₹228.23 crore after accounting for unsubscribed portions and warrant forfeitures. Shareholders approved reallocation of funds in September 2025.
The clean monitoring report with no deviations is a positive sign for shareholders as it confirms proper utilization of ₹228 crore raised, with significant deployment toward inorganic growth through two international acquisitions. The forfeiture of 90 million warrants reduces potential equity dilution.