One Point One warrants: ₹9 crore raise plan for 2026

Board clears fresh preferential issue proposal

One Point One Solutions has approved a proposal to raise up to ₹9 crore through a preferential allotment of convertible warrants. The company’s board cleared the plan on August 28, 2026, according to details shared in the update. The instrument proposed is up to 15 lakh warrants, priced at ₹60 per warrant. The company has indicated that the proposed allotment is to a non-promoter investor. The warrants can be converted into equity shares, giving the investor an eventual route to equity ownership subject to the stated terms. For existing shareholders, the announcement is a capital-raising action that will need shareholder consent before it can be executed.

Key terms: 15 lakh warrants at ₹60 each

The proposed issue size is based on the number of warrants and the issue price. One Point One Solutions has set the issue price at ₹60 per warrant, which includes a premium of ₹58 over the face value. The total amount to be raised under this plan is stated as up to ₹9 crore. Each warrant is convertible into one equity share of face value ₹2. The conversion window is within 18 months from the date of allotment, aligning with the standard preferential warrant structure outlined in the company’s disclosures.

Raavi Enterprise named as sole non-promoter allottee

The company has identified Raavi Enterprise as the sole proposed allottee for this preferential allotment. The update specifies that Raavi Enterprise is a non-promoter entity. With only one proposed allottee, the structure is straightforward compared with broader preferential issues that include multiple investor categories. The preferential route also implies that the allotment will be subject to applicable approvals and procedural requirements.

Shareholder vote scheduled: EGM on September 25, 2026

One Point One Solutions has called an Extraordinary General Meeting (EGM) on September 25, 2026, to seek shareholder approval for the proposed issuance. The EGM is the formal step required to secure shareholder consent for the preferential allotment. The company has positioned the meeting as the mechanism to approve the warrant issuance terms, including the issue size, price, and conversion period. Any subsequent allotment would proceed only after the required approvals are in place.

Conversion mechanics and the 18-month deadline

The warrants are structured to convert into equity shares on a 1:1 basis, with each warrant convertible into one equity share of face value ₹2. The conversion period is within 18 months of allotment. The earlier disclosures around the company’s preferential warrants also highlight what happens when holders do not complete the conversion process within the permitted period. Under such structures, non-conversion within the specified timeframe can lead to expiry and forfeiture of initial amounts paid, as referenced in the company’s past warrant-related update.

How this compares with the earlier ₹84 crore warrant approval

The current ₹9 crore proposal comes after One Point One Solutions’ earlier, larger preferential warrant plan. In a regulatory filing dated January 12, 2026, the company said shareholders approved a special resolution for issuing warrants on a preferential basis. That plan authorised issuance of up to 1.50 crore fully convertible warrants at ₹56 per warrant, aggregating to ₹84 crore. It included a face value of ₹2 and a premium of ₹54, and also carried an 18-month conversion window from allotment. The payment structure mentioned for that approved plan required 25% payment upfront at allotment and the balance 75% upon conversion.

Postal ballot results showed near-unanimous support

For the earlier ₹84 crore proposal, the company disclosed detailed voting outcomes. Total valid votes were 29.56 lakh, with 29.55 lakh votes in favour and 900 votes against, and no invalid votes. The approval rate was reported at 99.97%. The participation noted was 69 members casting 2,956,861 valid votes, with 65 members voting in favour and 4 members voting against. These figures established strong shareholder backing for the company’s earlier capital-raising plan and provide context for how shareholders have responded to similar proposals.

Monitoring report: ₹228.23 crore preferential proceeds fully utilised

One Point One Solutions also reported that ₹228.23 crore raised through its preferential issue was fully utilised as of March 31, 2026. A monitoring agency report prepared by India Ratings & Research confirmed that deployment of funds adhered to a revised plan approved by shareholders on September 26, 2025. The monitoring report found no deviations from the approved objectives. The company also explained that a difference was primarily attributed to forfeiture of 90 lakh equity warrants in March 2026. Those warrants had an outstanding call money obligation and were forfeited on expiry of the 18-month period without full payment.

Timeline of key disclosures and approvals

The company’s recent disclosures show a sequence of board decisions, shareholder votes, and utilisation reporting across multiple preferential actions. The current board approval is dated August 28, 2026, with shareholder approval now being sought through the EGM on September 25, 2026. The earlier shareholder approval for the revised plan is dated September 26, 2025. Separately, the postal ballot based warrant approval was disclosed via a regulatory filing dated January 12, 2026, with the resolution considered passed on January 10, 2026.

Snapshot table: proposed ₹9 crore issue terms

Why the announcement matters for shareholders

Preferential warrants can change the company’s capital structure upon conversion and can be used to bring in additional funds under defined terms. The current proposal is smaller than the previously approved ₹84 crore warrant issue, but it still requires shareholder approval and follows a similar 18-month conversion framework. The company’s disclosure on forfeiture of 90 lakh warrants in March 2026 also underlines the importance of payment and conversion discipline within warrant structures. Separately, the utilisation update for ₹228.23 crore and the monitoring report confirmation provide a recent reference point on how the company has reported use of preferential proceeds.

What to watch next

The next milestone is the shareholder vote at the EGM scheduled for September 25, 2026. If shareholders approve the proposal, the company can move ahead with the issuance process in line with the stated terms, including the conversion window of 18 months from allotment. The company’s earlier disclosures also indicate that allotment activity is typically tied to required approvals, including in-principle approval from the stock exchange for listing and compliance. Any further details on allotment timing and subsequent conversion would follow after the shareholder decision and regulatory steps.