Onesource Industries And Ventures Ltd

🔍 Key Updates from Onesource Industries & Ventures: AGM, Warrant Issuance & More

- Articles of Association amended to include securities issuance clauses, including convertible warrants.

- Approval for issuance of 6,63,14,344 convertible warrants at ₹6.10 each (total ₹40.45 Cr) to non-promoter investors.

- Warrants require ₹1.53 upfront (25%) and ₹4.57 at conversion, with 18-month conversion window.

- Each warrant converts to one equity share (₹1 face value) at ₹6.10.

- M/s. Sumit Ranka & Associates proposed as Statutory Auditor for 5 years (subject to AGM approval).

- Ms. Alpana Sethia proposed as Secretarial Auditor for 5 years (subject to AGM approval).

- Annual Report for FY ending March 31, 2025, approved, including Board's Report and MD&A.

- 31st AGM scheduled for September 30, 2025 (virtual).

- Book closure for AGM: September 24-30, 2025; cut-off date for voter eligibility: September 23, 2025.