StockWatch
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Board Meeting17 Sept 2026, 10:00 pm

OnEMI Technology Solutions to Raise ₹832 Cr via Preferential Issue

AI Summary

OnEMI Technology Solutions Limited announced that its Board of Directors has approved a preferential issue of up to 2,64,93,882 equity shares to identified non-promoter investors. The issue price is fixed at ₹314.11 per share, aggregating to approximately ₹832.19 crore. This fundraising is subject to shareholder approval, which will be sought at an Extra-Ordinary General Meeting (EGM) scheduled for October 14, 2026. The company will circulate the EGM notice to shareholders within the prescribed timeline.

Key Highlights

  • Board approves preferential issue of equity shares.
  • Plans to raise up to ₹832.19 crore.
  • Issue price set at ₹314.11 per share.
  • EGM scheduled for October 14, 2026, for shareholder approval.
  • Fundraising is for identified non-promoter investors.