One Point One Solutions gets in-principle nod for 1.5M warrants at ₹60
One Point One Solutions Ltd has received in-principle approval from both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) for the issuance of 1,500,000 warrants. These warrants are convertible into 1,500,000 equity shares, each with a face value of ₹2, at a price not less than ₹60 per share. The warrants will be issued to non-promoters on a preferential basis. The approval is subject to strict compliance with various regulations, including the Companies Act, SEBI (ICDR) Regulations, and SEBI (LODR) Regulations. The company is also advised to enhance internal controls to monitor trading by allottees and secure undertakings from them regarding intra-day trading restrictions before allotment. A listing application must be made within 20 days of allotment.
Key Highlights
- Company received in-principle approval for warrant issuance.
- Will issue 1.5 million warrants convertible into equity shares.
- Warrants priced at not less than ₹60 each to non-promoters.
- Compliance with SEBI regulations and internal control strengthening required.
- Listing application must be submitted within 20 days post-allotment.