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, at its meeting on September 4, 2025, approved several key items. It cleared a preferential issue of up to 6.63 crore fully convertible warrants at ₹6.10 per warrant, potentially raising up to ₹40.45 crore from 20 non-promoter investors. Warrant holders must pay 25% upfront (₹1.53) with the balance (₹4.57) due on conversion within 18 months. The board also approved amendments to the Articles of Association to facilitate this issuance. M/s. Sumit Ranka & Associates was appointed as the new Statutory Auditor for a 5-year term, replacing the resigning M/s S V J K and Associates. Ms. Alpana Sethia was appointed as Secretarial Auditor for FY2025-26 to FY2029-30. The FY2024-25 Annual Report was approved, and the 31st AGM was scheduled for September 30, 2025, with the book closure period set from September 24 to September 30, 2025.
The ₹40.45 crore preferential warrant issue will dilute existing shareholders when converted, but brings in fresh capital from 20 new non-promoter investors. Shareholders should watch for shareholder approval at the upcoming AGM and the eventual conversion of warrants, which could expand the equity base meaningfully.