Outcome of the Meeting of the Board of Directors of Onesource Industries and Ventures Limited ('the Company') pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Onesource Industries and Ventures Ltd, at its meeting on September 4, 2025, approved a preferential issue of up to 6,63,14,344 fully convertible warrants at ₹6.10 each, aggregating up to ₹40.45 crore, to be allotted to 20 non-promoter investors. Each warrant is convertible into one equity share of Re. 1 face value, with 25% (₹1.53) payable upfront and the remaining ₹4.57 due at the time of conversion, exercisable within 18 months. The Board also approved amendments to the Articles of Association to facilitate the warrant issuance. Additionally, M/s. Sumit Ranka & Associates was appointed as the new Statutory Auditor for 5 years to fill a casual vacancy caused by the resignation of the previous auditor, and Ms. Alpana Sethia was appointed as Secretarial Auditor for FY 2025-26 to FY 2029-30. The FY25 annual report was approved and the 31st AGM was scheduled for September 30, 2025, with the book closure period set from September 24-30, 2025.
The ₹40.45 crore preferential warrant issue to non-promoters signals a significant capital raise, but could lead to equity dilution once warrants are converted, potentially capping near-term upside for existing shareholders. Investors should monitor the 18-month conversion window, the floor price of ₹6.10 per share, and any shift in the shareholding pattern post-allotment.