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ONE POINT ONE SOLUTIONS LIMITED Capital/Financing Update 2026
62376_rns_2026-05-15_85034d41-49eb-4396-831e-9fb79146fb8a.pdf
Capital/Financing Update
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1POINT
BUSINESS PROCESS PARTNERS
Date: 15th May 2026
To,
BSE Limited
Phiroze Jeejeebhoy Towers,
Dalal Street,
Mumbai 400 001
Scrip Code: 544748
National Stock Exchange of India Ltd.,
Exchange Plaza, Plot No. C-1, G Block,
Bandra Kurla Complex, Bandra – East,
Mumbai – 400051.
Security Code: ONEPOINT
Security Code: ONEPOINT
Sub: Disclosure under Regulation 32 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Dear Sir/Madam,
Pursuant to Regulation 32 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 31 March 2026. Please find enclosed herewith report issued by Monitoring Agency, India Ratings & Research Private Limited for the quarter ended 31 March 2026.
We request you to take the same on your record.
Thanking you,
Yours faithfully,
For One Point One Solutions Limited
PRITESH
SANJAY
SONAWANE
Digitally signed by PRITESH SANJAY
SONAWANE
Date: 2026.05.15
16:23:12 +05'30'
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 400051, Maharashtra, India Mumbai. Gurgaon. Indore. Bangalore. Chennai
IndiaRatings & Research
Fitch Group
Date: 15th May 2026
To,
One Point One Solutions Limited
6th Floor, T-762, Tower 7,
International Infotech Park, Vashi,
Navi Mumbai – 400703.
Subject: Monitoring Agency Report for the quarter ended 31st March 2026 in relation to Preferential Issue.
Dear Sir,
Pursuant to Regulation 162A (2) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 (“SEBI ICDR Regulations”) and Monitoring Agency Agreement dated 1st 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 March 31, 2026.
Request you to kindly take the same on records.
Thanking You,
For and on behalf of India Ratings & Research Private Limited
SHRIKANT GANDHI DEV
Digitally signed by
SHRIKANT GANDHI DEV
Date: 2026.05.15
15:44:52 +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 CIN/LLPIN: U67100MH1995FTC140049 www.indiaratings.co.in
IndiaRatings &Research
Fitch Group
Report of the Monitoring Agency (MA)
Name of the issuer: One Point One Solutions Limited
For quarter ended: 31st March 2026
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 14th May 2026 issued by SIGMAC & Co., Chartered Accountants (FRN – 116351W) having UDIN 26135501ABXPJC2914* 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
GANDHI DEV
Digitally signed by SHRIKANT
GANDHI DEV
Date: 2026.05.15 15:45:31
+05'30'
Name and designation of the Authorized Signatory: Shrikant Dev (Company Secretary)
Date: 15th May 2026.
IndiaRatings &Research
Fitch Group
1) Issuer Details:
| Name of the issuer: | One Point One Solutions Limited |
|---|---|
| Names of the promoters: | • Akshay Chhabra |
| • Neyhaa Akshay Chhabra | |
| Industry/sector to which it belongs: | Service Industry – Business Process Management |
2) Issue Details:
| Issue Period: | 23rd August 2024 to 5th September 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.
Kindly note that 90,00,000 equity warrants, in respect of which the call money of ₹42 per warrant (being the balance 75% payable upon conversion) was outstanding, were forfeited on 06 March 2026. These 90,00,000 unexercised warrants lapsed on the said date upon expiry of the stipulated period of 18 months. Accordingly, the total issue proceeds received amount to ₹228.23 crore.
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IndiaRatings &Research
Fitch Group
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. | No Comments | 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. | No Comments | 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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IndiaRatings &Research
Fitch Group
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 | Original cost (as per the Offer Document) (INR) | Revised Cost (INR) | Comments of the Monitoring Agency | Comments of the Board of Directors | ||
|---|---|---|---|---|---|---|---|---|
| Reason of Cost revision | Proposed financing option | Particulars of firm arrangements 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 Comments | No Comments | No Comments |
| 2 | General Corporate Purposes | 58,50,73,021 | 50,99,49,690 | No Comments | No Comments | No Comments | ||
| 3 | Fund raising cost* | 17,55,21,906 | 15,44,94,280 | No Comments | No Comments | 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 Comments | No Comments | No Comments | ||
| 5 | Refurbishment of our existing Infrastructure Facility (as and when required) | 10,00,00,000 | 17,00,00,000 | No Comments | No Comments | No Comments | ||
| 6 | Investment in technology by development of new software/solutions / platforms | 10,00,00,000 | 8,73,58,191 | No Comments | No Comments | 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 Comments | No Comments | 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.
IndiaRatings &Research
Fitch Group
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 31stMar' 2026 (C) | Amount Utilized | Total unutilized amount (out of the C) | Comm ents of the Monitoring Agency | Comments of the Board of Directors | |||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| As at beginning of the quarter | During the quarter | At the end of the quarter | 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 | 35,59,46,123 | - | 35,59,46,123 | - | Note 1 | No Comm ents | No Comm ents |
| 2 | General Corporate Purposes | 58,50,73,021 | 50,99,49,690 | 50,93,01,663 | - | 50,93,01,663 | ||||||
| 3 | Fund raising cost* | 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 | 9,44,12,702 | 16,28,466 | 9,60,41,168 | ||||||
| 6 | Investment in technology by development of new softwares/ solutions / platforms | 10,00,00,000 | 8,73,58,191 | 5,22,05,876 | 50,74,261 | 5,72,80,136 | ||||||
| 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 | 31,95,41,190 | 72,89,76,1801 | 104,85,17,370 | ||||||
| TOTAL | 3,04,52,92,096 | 2,66,03,12,088 | 2,28,23,12,088 | 154,66,33,181 | 73,56,78,907 | 228,23,12,088 | - |
*Brokerage fees to be paid to the service provider who is assisting in raising the funds
Note 1: During the quarter the Company had made equity investment of Rs. 54.65 Crores in Netcom Business Contact Center S.A. through its wholly owned subsidiary, One Point One Solution MENA Holdings Ltd. and Rs. 18.25 Crores in ITNITY PTE. LTD. (Singapore base Company) through its wholly owned subsidiary, One Point One Singapore PTE LTD.
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IndiaRatings &Research
Fitch Group
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) |
|---|---|---|---|---|---|---|
| Nil |
iv. Delay in implementation of the object(s)
| Object(s) | Completion Date | Delay (no. of days/months) | Comments of the Board of Directors | ||
|---|---|---|---|---|---|
| As per the Offer Document* | Actual# | Reason of Delay | Proposed Course of action | ||
| Working Capital Requirement | 31stMar'27 | Completed | NA | No Comments | No Comments |
| General Corporate Purposes | 31stMar'27 | Completed | NA | No Comments | No Comments |
| Fund raising cost | 31stMar'25 | Completed | NA | No Comments | No Comments |
| Repayment of Loan (other than the loan taken from promoter / promoter group entities) | 31stMar'25 | Completed | NA | No Comments | No Comments |
| Refurbishment of our existing Infrastructure Facility (as and when required) | 31stMar'27 | Completed | NA | No Comments | No Comments |
| Investment in technology by development of new softwares/ solutions/platforms | 31stMar'27 | Completed | 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 | Completed | NA | No Comments | No Comments |
*The Company has revised its timeline for implementation of the object, which is approved by the shareholders.
Total issue funds received (i.e. INR 228.23 Crores) are fully utilized till 31st March 2026.
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 | Commentst of the Board of Directors |
|---|---|---|---|---|---|
| Not Applicable. Nil Utilization during the quarter |
IndiaRatings &Research
Fitch Group
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.
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
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IndiaRatings &Research
Fitch Group
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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