Notice of 31st Annual General Meeting of the Company to be held on Tuesday, 30th September, 2025
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Onesource Industries and Ventures Ltd has notified its 31st AGM on Tuesday, September 30, 2025 at 11:00 AM via video conferencing. Ordinary business includes adoption of FY2024-25 audited financials and re-appointment of Mr. Sachin Maurya as a rotational director. Key special business includes: (a) issuance of up to 6,63,14,344 fully convertible warrants at ₹6.10 per warrant to 20 non-promoter entities, aggregating ₹40.45 crore; (b) appointment of Mr. Shibhu Maurya as Managing Director and Chairman for 5 years; (c) re-designation of Mr. Sachin Maurya from Non-Executive Independent to Non-Executive Non-Independent Director; (d) appointment of M/s Sumit Ranka and Associates as Statutory Auditors and Ms. Alpana Sethia as Secretarial Auditor for 5 years; (e) approval for material related party transactions up to ₹1 crore each with Greater India Exports Pvt Ltd and Sadbhav Minerals Pvt Ltd; and (f) payment of commission up to 2% of net profits to non-executive directors for 5 years. The company also proposes amending its Articles of Association to enable issuance of further securities.
The proposed ₹40.45 crore preferential warrant issue to non-promoters could dilute existing shareholders and is the most material item for investors to evaluate. Director changes, auditor appointments, and related party transaction approvals are routine governance matters requiring shareholder consent at the AGM.