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ONE POINT ONE SOLUTIONS LIMITED — Capital/Financing Update 2024
Jul 5, 2024
62376_rns_2024-07-05_e61fe55f-eea4-4884-bb3e-53f2e96fbbb8.pdf
Capital/Financing Update
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Date 5[th] July 2024
To, The Manager National Stock Exchange of India Ltd
Exchange Plaza, Plot No.C-1, G Block Bandra Kurla Complex, Bandra (East), Mumbai - 400 051
SECURITY CODE: ONEPOINT
Sub: Business update in respect of increase in authorized share capital and issuance of equity shares and warrants.
Ref.: Regulation 30 (Disclosure of event or information) of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/Madam,
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith business update in respect of increase in authorized share capital and issuance of equity shares and warrants.
Thanking you, Yours faithfully, For One Point One Solutions Limited
PRITESH Digitally signed by PRITESH SANJAY SANJAY SONAWANE Date: 2024.07.05 SONAWANE 18:05:30 +05'30'
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____________________ Pritesh Sonawane Company Secretary & Compliance Officer Place: Mumbai Membership No. A34943
ONE POINT ONE SOLUTIONS LIMITED
(Formerly known as One Point One Solutions Pvt. Limited) Corporate Office: C-42, TTC Industrial Area, MIDC, Village Pawane, Navi Mumbai, Maharashtra- 400 705. T. 022 6687 3800 F. 022 6687 3889 CIN: L74900MH2008PLC182869 website: www.1point1.in
Reg. Office: T-762, 6[th] Floor, Tower-7, International Infotech Park, Above Vashi Railway Station, Vashi, Navi Mumbai, Maharashtra -400 703. Mumbai. Gurgaon. Indore. Banglore
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ONE POINT ONE SOLUTIONS LIMITED ANNOUNCES INCREASE IN AUTHORIZED SHARE CAPITAL AND ISSUANCE OF EQUITY SHARES AND WARRANTS
Mumbai, India - July 8, 2024: One Point One Solutions Limited (NSE: ONEPOINT), a leading provider of business process management services, is pleased to announce that the Board of Directors ("the Board") has approved key resolutions to enhance the company's financial flexibility and support its growth initiatives.
In furtherance of the prior intimations made by the Company under Regulation 29 of the SEBI Listing Regulations, and pursuant to Regulation 30 of SEBI Listing Regulations, the Board at its meeting held on June 26, has considered and approved the following:
Increase in Authorized Share Capital:
Subject to the approval of the shareholders and requisite regulatory and statutory approvals, the Board has approved an increase in the authorized share capital of the Company from INR 50,00,00,000 (Indian Rupees Fifty Crores Only) to INR 70,00,00,000 (Indian Rupees Seventy Crores Only). Consequently, the capital clause of the Memorandum of Association (MOA) will be altered to reflect this change in accordance with Section 61(1)(a) of the Companies Act, 2013, and other applicable laws and regulations.
Issuance and Allotment of Equity Shares and Warrants:
Subject to the approval of the shareholders and requisite regulatory and statutory approvals, the Board has approved the issuance and allotment of 3,75,94,502 (Three Crores Seventy-Five Lakhs Ninety-Four Thousand Five Hundred and Two) equity shares and 1,67,85,714 (One Crore SixtySeven Lakhs Eighty-Five Thousand Seven Hundred and Fourteen) equity warrants of face value of INR 2/- each.
These will be issued to certain identified persons belonging to the promoter and non-promoter categories for cash, at an issue price of INR 56/- (Indian Rupees Fifty-Six) per equity share and per equity warrant (including a premium of INR 54/- per equity share and equity warrant), for a total consideration of up to INR 3,04,52,92,072 (Indian Rupees Three Hundred Four Crores Fifty-Two Lakhs Ninety-Two Thousand and Seventy-Two Only).
Management Quote
“This strategic move aims to raise significant capital to fuel the Company's growth and expansion plans. The funds raised will be utilized to strengthen the Company's balance sheet, invest in new technologies, invest in Mergers and Acquisitions to expand the footprint to other geographies, and enhance service offerings, thereby driving long-term value for shareholders.”
ABOUT ONE POINT ONE SOLUTIONS:
One Point One Solutions Limited is a full-stack player in BPO, KPO, IT Services, Technology & Transformation and Analytics. The company was incorporated in the year 2006 and offers comprehensive solutions in technology, accounting, skill development and analysis. In 2024, the company acquired a major stake in ITCube Solutions Pvt. Ltd., which is an IT +BPM/KPO services company; headquartered in Pune and Cincinnati, Ohio. ITCube is a leading provider of technology solutions specializing in intellectual property protection, AI-driven automation, and business process optimization. With over two decades of experience, ITCube has a robust presence in the USA, England, Netherlands, Germany, Kuwait, Oman, UAE, Qatar, India, Singapore & Australia serving clients across sectors.
ONE POINT ONE SOLUTIONS LIMITED
(Formerly known as One Point One Solutions Pvt. Limited)
Corporate Office: C-42, TTC Industrial Area, MIDC, Village Pawane, Navi Mumbai, Maharashtra- 400 705. T. 022 6687 3800 F. 022 6687 3889 CIN: L74900MH2008PLC182869 website: www.1point1.in
Reg. Office: T-762, 6[th] Floor, Tower-7, International Infotech Park, Above Vashi Railway Station, Vashi, Navi Mumbai, Maharashtra -400 703. Mumbai. Gurgaon. Indore. Banglore
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Contact Details
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----- Start of picture text ----- One Point One Solutions Investor & Media----- End of picture text -----
| Pritesh SonawaneCompany Secretary &Compliance OfficerTel : +91 8655150350[email protected] | Abhishek SavantVeritas Reputation PR Pvt. Ltd.Tel: +91 8108848822[email protected] | Aryan RanaVeritas Reputation PR Pvt. Ltd.Tel: +91 9082348296[email protected] |
ONE POINT ONE SOLUTIONS LIMITED
(Formerly known as One Point One Solutions Pvt. Limited) Corporate Office: C-42, TTC Industrial Area, MIDC, Village Pawane, Navi Mumbai, Maharashtra- 400 705.
T. 022 6687 3800 F. 022 6687 3889 CIN: L74900MH2008PLC182869 website: www.1point1.in
Reg. Office: T-762, 6[th] Floor, Tower-7, International Infotech Park, Above Vashi Railway Station, Vashi, Navi Mumbai, Maharashtra -400 703. Mumbai. Gurgaon. Indore. Banglore