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ONE POINT ONE SOLUTIONS LIMITED — Capital/Financing Update 2025
Nov 13, 2025
62376_rns_2025-11-13_66321174-809d-49c9-b7de-adecb244553b.pdf
Capital/Financing Update
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To,
Date: 13[th] November 2025
National Stock Exchange of India Limited
Exchange Plaza, Plot No. C-1, G Block, Bandra Kurla Complex, Bandra – East, Mumbai – 400051.
Security Code: ONEPOINT
Sub: Disclosure under Regulation 32 (1) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/Madam,
Pursuant to Regulation 32 (1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that, there is no deviation or variation in the use of proceeds of funds raised through the preferential issue of Equity shares and warrants during the quarter ended 30 September 2025. Please find enclosed herewith report issued by Monitoring Agency, India Ratings & Research Private Limited for the quarter ended 30 September 2025.
We request you to take the same on your record.
Thanking you, Yours faithfully,
For One Point One Solutions Limited
Digitally signed by PRITESH PRITESH SANJAY SANJAY SONAWANE SONAWANE Date: 2025.11.13 15:35:34 +05'30'
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Pritesh Sonawane Company Secretary & Compliance Officer Place: Mumbai Encl: a/a
ONE POINT ONE SOLUTIONS 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.com Reg. Office: Unit no. 501, 5th Floor, Naman Centre, G Block, C-31, Bandra Kurla Complex, Bandra (E), Mumbai, Maharashtra, India- 400051. Mumbai. Gurgaon. Indore. Bangalore
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Date: 12[th] November 2025
To,
One Point One Solutions Limited
6[th] Floor, T-762, Tower 7,
International Infotech Park, Vashi,
Navi Mumbai – 400703.
Subject: Monitoring Agency Report for the quarter ended 30[th] September 2025 in relation to Preferential Issue.
Dear Sir,
Pursuant to Regulation 162A (2) of SEBI (lssue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated 1[st] October 2024, please find enclosed herewith the Monitoring Agency Report, as per Schedule XI of the SEBI ICDR Regulations towards utilization of proceeds of Preferential issue, for the quarter ended September 30, 2025.
Request you to kindly take the same on records.
Thanking You,
For and on behalf of India Ratings & Research Private Limited
SHRIKANT Digitally signed by SHRIKANT GANDHI DEV GANDHI DEV Date: 2025.11.12 17:27:55 +05'30'
Name: Shrikant Dev
Designation: Company Secretary
India Ratings & Research Private Limited A Fitch Group Company Wockhardt Towers, Level 4, West Wing, Bandra Kurla Complex, Bandra (East), Mumbai 400 051 Tel: +91 22 4000 1700 Fax: +91 22 4000 1701 www.indiaratings.co.in
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Report of the Monitoring Agency (MA)
Name of the issuer: One Point One Solutions Limited
For quarter ended: 30[th] September 2025
Name of the Monitoring Agency: India Ratings & Research Private Limited
(a) Deviation from the objects: No deviation from the objects.
Based on the Management undertaking and as per the Statutory Auditor Certificate dated 10[th] November 2025 issued by SIGMAC & Co., Chartered Accountants (FRN – 116351W) having UDIN 25135501BMKOQX8489* and other documents provided to us, no deviation from the objects has been observed.
*The reference to the Statutory Auditor Certificate anywhere in the MA report refers to the said Certificate.
(b) Range of Deviation : Not Applicable.
Declaration:
We declare that this report provides an objective view of the utilization of the issue proceeds in relation to the objects of the issue based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable. The MA does not perform an audit and undertakes no independent verification of any information/ certifications/ statements it receives. This Report is not intended to create any legally binding obligations on the MA which accepts no responsibility, whatsoever, for loss or damage from the use of the said information. The views and opinions expressed herein do not constitute the opinion of MA to deal in any security of the Issuer in any manner whatsoever. Nothing mentioned in this report is intended to or should be construed as creating a fiduciary relationship between the MA and any issuer or between the agency and any user of this report. The MA and its affiliates also do not act as an expert as defined under Section 2(38) of the Companies Act, 2013.
The MA or its affiliates may have credit rating or other commercial transactions with the entity to which the report pertains and may receive separate compensation for its ratings and certain credit-related analyses. We confirm that there is no conflict of interest in such relationship/interest while monitoring and reporting the utilization of the issue proceeds by the issuer, or while undertaking credit rating or other commercial transactions with the entity.
We have submitted the report herewith in line with the format prescribed by SEBI, capturing our comments, where applicable. There are certain sections of the report under the title “Comments of the Board of Directors” , that shall be captured by the Issuer’s Management / Audit Committee of the Board of Directors subsequent to the MA submitting their report to the issuer and before dissemination of the report through stock exchanges. These sections have not been reviewed by the MA, and the MA takes no responsibility for such comments of the issuer’s Management/Board.
Signature:
SHRIKANT Digitally signed by SHRIKANT GANDHI DEV GANDHI DEV Date: 2025.11.12 17:28:43 +05'30'
Name and designation of the Authorized Signatory: Shrikant Dev (Company Secretary) Date: 12[th] November 2025.
Page 1 of 8
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1) Issuer Details:
| Name of the issuer: | One Point One Solutions Limited |
|---|---|
| Names of the promoters: | • Akshay Chhabra • Neyhaa AkshayChhabra |
| Industry/sector to which it belongs: | Service Industry – Business Process Management |
2) Issue Details:
| Issue Period: | 23rdAugust 2024 to 5thSeptember 2024 |
|---|---|
| Type of issue (public/rights): | Preferential Issue |
| Type of specified securities: | 3,75,94,502 Equity Shares of face value of ₹ 2/- @ INR 56.00/Equity Share. 1,67,85,714 Convertible Warrants (each convertible into one equity share of face value ₹ 2/- each) of face value of ₹ 2/- @ INR 56.00/convertible warrant. |
| IPO Grading, if any: | Not Applicable |
| Issue size: | INR 304.53 Crores* |
- It is the total issue size. However, 8,74,643 Equity Shares and 60,00,000 convertible warrants are not subscribed.
The actual subscription of Equity Shares and Convertible warrants and the amount received by the company as on 30[th] September 2025 is as below:
| Issue subscribed | Issue subscribed | Issue subscribed | Issue proceeds received as on 30th Sept’25 |
Issue proceeds received as on 30th Sept’25 |
Issue proceeds received as on 30th Sept’25 |
|
|---|---|---|---|---|---|---|
| Sept’25 | ||||||
| Security | No. | Rate | Value (INR Crores) |
No. | Rate | Value (INR Crores) |
| EquityShares | 3,67,19,859 | 56.00 | 205.63 | 3,67,19,859 | 56.00 | 205.63 |
| Convertible Warrants |
1,07,85,714 | 56.00 | 60.40 | 90,00,000 | 14.00^ | 12.60 |
| 17,85,714* | 56.00 | 10.00 | ||||
| Total | 266.03 | 228.23 |
^The company has received 25% of the value of the convertible warrants i.e. INR 14.00/warrant, as upfront consideration/subscription amount. Balance 75% (INR 42.00/warrant) will be received as and when the conversion option is exercised by the warrant holder to convert warrants into equity shares during the tenure of 18 months of the warrant.
*represent warrants converted into equity shares against 100% consideration received.
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3) Details of the arrangement made to ensure the monitoring of issue proceeds:
| Particulars | Reply | Source of information / certifications considered by Monitoring Agency for preparation of report |
Comments of the Monitoring Agency |
Comments of the Board of Directors |
|---|---|---|---|---|
| Whether all utilization is as per the disclosures in the Offer Document? |
Yes | Management undertaking, Statutory Auditor Certificate, Notice to Shareholders for EGM along with Corrigendum, Relevant Bank Statements and shareholders resolution copy. |
Refer Note 1 on page no. 04 |
No Comments |
| Whether shareholder approval has been obtained in case of material deviations from expenditures disclosed in the Offer Document? |
NA | Management undertaking, Statutory Auditor Certificate and shareholders resolution copy. |
Refer Note 1 on page no. 04 |
No Comments |
| Whether the means of finance for the disclosed objects of the issue has changed? |
No | Management undertaking, Statutory Auditor Certificate and shareholders resolution copy. |
No Comments | No Comments |
| Is there any major deviation observed over the earlier monitoring agency reports? |
No | NA | No Comments | No Comments |
| Whether all Government/Statutory approvals related to the object(s) have been obtained? |
NA | Management undertaking, Statutory Auditor Certificate |
No Comments | No Comments |
| Whether all arrangements pertaining to technical assistance/collaboration are in operation? |
NA | Management undertaking, Statutory Auditor Certificate |
No Comments | No Comments |
| Are there any favorable events improving the viability of these object(s)? |
No | Management undertaking, Statutory Auditor Certificate |
No Comments | No Comments |
| Are there any unfavorable events affecting the viability of the object(s)? |
No | Management undertaking, Statutory Auditor Certificate |
No Comments | No Comments |
| Is there any other relevant information that may materially affect the decision making of the investors? |
No | Management undertaking, Statutory Auditor Certificate |
No Comments | No Comments |
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4) Details of object(s) to be monitored:
i. Cost of object(s)-
| Sr. No. |
Item Head | Source of information / certifications considered by Monitoring Agency for preparation of report |
Comments of the Board of Directors |
Comments of the Board of Directors |
Comments of the Board of Directors |
|||
|---|---|---|---|---|---|---|---|---|
| Original cost (as per the Offer Document) (INR) |
Revised Cost (INR) |
Comments of the Monitoring Agency |
||||||
| Reason of Cost revision |
Propos ed financi ng option |
Particulars of firm arrangeme nts made |
||||||
| 1 | Working Capital Requirement |
Management undertaking, Statutory Auditor Certificate, Notice to Shareholders for EGM along with Corrigendum, Relevant Bank Statements and shareholders resolution copy. |
95,50,00,000 | 50,00,00,000 | Refer Note 1 | No Comme nts |
No Comm ents |
No Comments |
| 2 | General Corporate Purposes |
58,50,73,021 | 50,99,49,690 | No Comme nts |
No Comm ents |
No Comments |
||
| 3 | Fund raising cost* | 17,55,21,906 | 15,44,94,280 | No Comme nts |
No Comm ents |
No Comments |
||
| 4 | Repayment of Loan (other than the loan taken from promoter / promoter group entities) |
7,00,00,000 | 6,07,33,348 | No Comme nts |
No Comm ents |
No Comments |
||
| 5 | Refurbishment of our existing Infrastructure Facility (as and when required) |
10,00,00,000 | 17,00,00,000 | No Comme nts |
No Comm ents |
No Comments |
||
| 6 | Investment in technology by development of new software/solutions / platforms |
10,00,00,000 | 8,73,58,191 | No Comme nts |
No Comm ents |
No Comments |
||
| 7 | Inorganic growth of the Company (directly or through layer of subsidiary/ies) by way of acquiring business or entities in the same industry |
1,05,96,97,169 | 117,77,78,579 | No Comme nts |
No Comm ents |
No Comments |
||
| TOTAL | 3,04,52,92,096 | 2,66,03,12,088 |
*Brokerage fees to be paid to the service provider who is assisting in raising the funds
Note 1: The Company has reallocated the utilization of the net proceeds of the issue in comparison to the earlier utilization plan as mentioned in the offer document. Further, the Company has approval from the shareholders (vide shareholders resolution dated 26 September 2025) for the said reallocation.
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ii. Progress in the object(s) –
| Sr. No. |
Item Head | Source of information/ce rtifications considered by Monitoring Agency for preparation of report |
Amount as proposed in the Offer Document(A) |
Revised amount as per shareholders resolution passed(B) |
Amount raised (out of B) till 30thSept’ 2025 (C) |
Total unutilized amount (out of the C) |
Comm ents of the Monit oring Agenc y |
Comments of the Board of Directors |
Comments of the Board of Directors |
|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Amount Utilized | ||||||||||||
| As at beginning of thequarter |
During the quarter |
At the end of thequarter |
Reaso ns for idle funds |
Propos ed course of action |
||||||||
| 1 | Working Capital Requirement |
Management undertaking, Statutory Auditor Certificate, Notice to Shareholders for EGM along with Corrigendum, Relevant Bank Statements, Copy of Invoice and shareholders resolution copy |
95,50,00,000 | 50,00,00,000 | 2,28,23,12,088 | 27,07,46,977 | 8,02,49,665 | 35,09,96,643 | 108,26,89,252 | No Comm ents |
No Comm ents |
No Comme nts |
| 2 | General Corporate Purposes |
58,50,73,021 | 50,99,49,690 | 50,93,01,663 | - | 50,93,01,663 | ||||||
| 3 | Fund raisingcost* | 17,55,21,906 | 15,44,92,280 | 15,44,92,280 | - | 15,44,92,280 | ||||||
| 4 | Repayment of Loan | 7,00,00,000 | 6,07,33,348 | 6,07,33,348 | - | 6,07,33,348 | ||||||
| 5 | Refurbishment of our existing Infrastructure Facility (as and when required) |
10,00,00,000 | 17,00,00,000 | 7,77,22,076 | 1,18,22,561 | 8,95,44,637 | ||||||
| 6 | Investment in technology by development of new softwares/ solutions/ platforms |
10,00,00,000 | 8,73,58,191 | 2,28,80,646 | 1,16,73,620 | 3,45,54,266 | ||||||
| 7 | Inorganic growth of the Company (directly or through layer of subsidiary/ies) by way of acquiring business or entities in the same industry |
1,05,96,97,169 | 117,77,78,579 | - | - | - | ||||||
| TOTAL | 3,04,52,92,096 | 2,66,03,12,088 | 2,28,23,12,088 | 109,58,76,990 | 10,37,45,846 | 119,96,22,836 | 108,26,89,252 |
*Brokerage fees to be paid to the service provider who is assisting in raising the funds
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iii. Deployment of unutilized issue proceeds:
| Sr. No. |
Type of instrument and name of the entity invested in |
Amount invested (INR) |
Maturity date |
Earnings (INR)* |
Return on Investment (%) |
Market Value as at the end of the quarter (INR) |
|---|---|---|---|---|---|---|
| 1 | Mutual Fund – Kotak CorpBond Direct Growth | 103,004,798 | - | 2,689,234 | - | 105,694,032 |
| 2 | Mutual Fund – Kotak Low Duration Fund Direct Growth |
750,000,000 | - | 63,978,596 | - | 813,978,596 |
| 3 | Mutual Fund – Kotak Money Market Fund Direct Plan Growth |
262,441,223 | - | 21,200,552 | - | 283,641,774 |
| 4 | Mutual Fund – Kotak Overnight Fund Direct Growth |
103,629 | - | 5,810 | - | 109,438 |
| 5 | Closing Balance lying in Saraswat Bank A/c No. 610000000045545 |
298,103 | - | - | - | - |
| Total | 1,115,847,753^ |
*Earnings represent a difference between market value and amount invested.
^Includes return on investment of INR 3,31,58,501/-.
Note: The notice to shareholders for EGM does not specifically mention about the manner of temporary deployment of the issue proceeds pending utilization for the stated objects. The company has temporary invested the issue proceeds pending utilization for the stated objects, in the above-mentioned instruments which is in line with the Board resolution.
iv. Delay in implementation of the object(s)
| Object(s) | Completion Date | Completion Date | Delay (no. of days/m onths) |
Comments of the Board of Directors |
Comments of the Board of Directors |
|---|---|---|---|---|---|
| As per the Offer Document* |
Actual | Reason of Delay |
Proposed Course of action |
||
| WorkingCapital Requirement | 31stMar’27 | Ongoing | NA | No Comments |
No Comments |
| General Corporate Purposes | 31stMar’27 | Ongoing | NA | No Comments |
No Comments |
| Fund raisingcost | 31stMar’25 | Completed | NA | No Comments |
No Comments |
| Repayment of Loan (other than the loan taken from promoter/ promotergroupentities) |
31stMar’25 | Completed | NA | No Comments |
No Comments |
| Refurbishment of our existing Infrastructure Facility (as and when required) |
31stMar’27 | Ongoing | NA | No Comments |
No Comments |
| Investment in technology by development of new softwares/solutions/platforms |
31stMar’27 | Ongoing | NA | No Comments |
No Comments |
| Inorganic growth of the Company (directly or through layer of subsidiary/ies) by way of acquiring business or entities in the same industry |
31stMar’27 | Ongoing | NA | No Comments |
No Comments |
*The Company has revised its timeline for implementation of the object, which is approved by the shareholders.
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- 5) Details of utilization of proceeds stated as General Corporate Purpose (GCP) amount in the offer document:
| Sr. No. |
Item Head | Amount | Source of information / certifications considered by Monitoring Agency for preparation of report |
Comments of the Monitoring Agency |
Commen ts of the Board of Directors |
|---|---|---|---|---|---|
| Not Applicable. Nil Utilization duringthequarter |
Disclaimers:
The MA Report is prepared by India Ratings. India Ratings has taken utmost care to ensure accuracy and objectivity while developing this Report based on the information provided by the Issuer and information obtained from sources believed by it to be accurate and reliable.
India Ratings declare that the MA Report is based on the format prescribed by the SEBI (ICDR) Regulations, 2018. This declaration forms part of and applies to each MA Report that is issued by India Ratings. The MA Report does not constitute an offer of services. Access or use of any MA Report does not create a client relationship between India Ratings and the Applicant or between India Ratings and User of the report.
This Report has to be seen in its entirety; the selective review of portions of the Report may lead to inaccurate assessments.
Please note that the information presented in the MA Report is based solely on the review of the requisite information, documents, papers, statements received from the Company with regard to the use of the Issue Proceeds including the status of implementation of the activities proposed to be funded out of the Issue proceeds as stated in the Prospectus. India Ratings has not verified any source of information such as invoices, ledgers or payment receipts and other documents either in normal course or in case of deviations from the objects, as the same is the duty of the management and the statutory auditors. India Ratings has relied in good faith and without any liability, upon the contents thereof. The user of the MA Report should understand that India Ratings does not perform an audit and undertakes no independent verification of any information/certifications/statements it receives from auditors, lawyers, chartered engineers or other experts, and relies on in its reports. Ultimately, the issuer and its advisers are responsible for the accuracy of the information they provide to India Ratings. In issuing the MA Report, India Ratings may rely on the representations and certifications from the issuer and experts, including statutory auditors with respect to financial statements, attorneys with respect to legal and tax matters and other entities considered reliable by India Ratings. The Company shall be solely responsible and liable for any omission, commission, errors and misrepresentations in the contents of the Information provided to India Ratings. India Ratings disclaims any liability arising out of the contents of the information provided by the Company and in no event shall be held liable to anyone for any damages or claims arising out of such information.
India Ratings may rate the Company or any debt instruments or facilities issued or proposed to be issued by the Company that is subject matter of the MA Report.
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As India Ratings have only acted in the capacity of a monitoring agency, the MA Report does not, in any way, constitute an opinion regarding securities, expressed in the form of standard symbols or in any other standardized manner and does not include any qualitative and quantitative assessment of the probability of default on payment of interest and principal on a debt instrument. The content of the MA Report does not constitute any recommendation to buy, hold or sell any securities. The MA Report does not comment on the quality of the objects of the issue, reasonableness of costs or spending by the issuer against any objects / heads or assurance on outcome of such spending, the adequacy of market price or market liquidity, suitability of any security for an investor. The MA Report does not provide to any party any financial advice, or legal, auditing, accounting, appraisal, valuation or actuarial services and should not be viewed as a replacement for such advice or services.
The issuance of the MA Report by India Ratings shall not constitute consent by the agency to use its name as an expert in connection with any registration statement, offering document or other filings under any relevant securities laws.
India Ratings is neither construed to be nor acting under the capacity or nature of an 'expert' as defined under Section 2(38) of the Companies Act, 2013. It is issuing the MA Report solely in the capacity of a monitoring agency and that the same shall not be construed to be an opinion of an expert, as it relies on certificates, confirmations and representations of reliable stakeholders such as auditors, banks and others.
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