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 confirmed to the exchanges that there is no deviation or variation in the use of proceeds from its preferential issue of equity shares and convertible warrants during the quarter ended 30 June 2025. The Monitoring Agency report by India Ratings & Research, based on management undertakings and a statutory auditor certificate, confirmed that funds are being utilised as per the disclosed objects. The total issue size was Rs. 304.53 crore, with an adjusted size of Rs. 266.03 crore due to lower subscription, of which Rs. 228.23 crore was received by 30 June 2025. Out of this, Rs. 109.59 crore has been utilised so far, with Rs. 118.64 crore still unutilised and parked in Kotak mutual funds and a Saraswat Bank account. Key completed items include fundraising costs and loan repayment, while working capital, general corporate purposes, infrastructure refurbishment, technology investment, and inorganic growth remain ongoing.
This is a routine compliance disclosure confirming that the company is using the funds raised from its preferential issue in line with what was communicated to shareholders. No negative signals here; the stock is unlikely to react significantly, but investors get visibility into deployment progress and the Rs. 118.64 crore still in hand, which could be used for the stated inorganic growth plans.