OnEMI Technology Solutions Limited has informed the Exchange about approval by Board of Directors for incorporation of wholly owned subsidiary.
KISSHT · price
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OnEMI Technology Solutions Limited (KISSHT) held its Board meeting on May 27, 2026, and approved three key items: (1) audited financial results for Q4 and FY26 ended March 31, 2026, showing strong growth with consolidated revenue of Rs 21,792.46 million (up 63% from Rs 13,374.65 million in FY25) and consolidated PAT of Rs 2,814.52 million (up 75% from Rs 1,606.21 million); (2) amendment of ESOP plans via Postal Ballot for employees of subsidiary and associate companies; and (3) incorporation of a new wholly owned subsidiary under the Companies Act, 2013. The company also recently completed its IPO in May 2026, with shares listed on NSE and BSE.
The strong financial performance demonstrates solid execution, while the WOS incorporation signals potential business expansion or restructuring. The stock recently listed post-IPO, so shareholders should monitor how the new subsidiary is deployed.