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) ....
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The board of Onesource Industries And Ventures Ltd approved a preferential issue of up to 6.63 crore fully convertible warrants at ₹6.10 per warrant, aggregating to about ₹40.45 crore, to 20 non-promoter investors. Each warrant is convertible into one equity share of face value ₹1, with 25% payable upfront and the balance on conversion within 18 months. The largest allottees include Jupiter Infomedia Ltd (1.6 crore warrants), Daizy Wealthedge Advisors (90 lakh), and Nevil Jayeshbhai Kamdar (75 lakh). The board also appointed M/s. Sumit Ranka & Associates as the new Statutory Auditor to fill a casual vacancy, and Ms. Alpana Sethia as Secretarial Auditor for five years. Additionally, the FY2024-25 Annual Report was approved, and the 31st AGM was scheduled for September 30, 2025, via video conferencing, with the book closure period set for September 24–30, 2025.
The ₹40.45 crore preferential warrant issue will dilute existing shareholders once the warrants are converted into equity shares, but brings in fresh capital from 20 new non-promoter investors. Existing shareholders should watch for any potential change in shareholding pattern and assess whether the ₹6.10 issue price reflects fair value relative to the current market price.