Revised 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 ....
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Onesource Industries and Ventures Ltd filed a revised outcome of its board meeting held on September 4, 2025, correcting earlier clerical errors. The board approved the issuance of up to 6,63,14,344 fully convertible warrants at Rs. 6.10 per warrant on a preferential basis to 20 non-promoter investors, aggregating up to Rs. 40.45 crore. Each warrant is convertible into one equity share (face value Re. 1) within 18 months, with 25% payable upfront and the balance on conversion. The board also approved amendments to the Articles of Association to facilitate the issuance, appointed M/s. Sumit Ranka & Associates as the new Statutory Auditor for 5 years (replacing the previous auditor), and named Ms. Alpana Sethia as Secretarial Auditor for FY 2025-26 to FY 2029-30. The 31st AGM was scheduled for September 30, 2025 via video conferencing, with book closure from September 24-30, 2025.
Existing shareholders face potential equity dilution if all warrants are converted into shares, increasing the share count significantly. The preferential issue to non-promoters brings in fresh capital (up to Rs. 40.45 crore) but also expands the non-promoter shareholder base substantially.