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.
Onesource Industries' board approved the issuance of up to 6.63 crore fully convertible warrants on a preferential basis to 20 non-promoter allottees at ₹6.10 per warrant, aggregating up to ₹40.45 crore. Warrant holders must pay 25% upfront (₹1.53) and the remaining 75% (₹4.57) upon conversion into equity shares within 18 months. The largest allottee is Jupiter Infomedia Limited with 1.6 crore warrants, followed by Daizy Wealthedge Advisors (90 lakh) and Nevil Jayeshbhai Kamdar and Vihark Trading LLP (75 lakh each). The board also approved amendments to the Articles of Association to facilitate the warrant issuance, appointed M/s Sumit Ranka & Associates as the new statutory auditor for a 5-year term (replacing the resigned auditor), and named Ms. Alpana Sethia as the secretarial auditor for FY2025-26 to FY2029-30. Additionally, the board approved the FY2024-25 annual report and fixed September 30, 2025 as the date for the 31st AGM via video conferencing, with book closure from September 24 to 30, 2025.
The preferential warrant issue will result in significant dilution for existing shareholders upon conversion, with up to 6.63 crore new shares potentially entering the float. All warrants are being issued to non-promoters, which means promoter holding will reduce; however, the company raises fresh capital of up to ₹40.45 crore that could be used for growth or debt reduction.