OnEMI Technology Solutions Ltd

OnEMI Technology Solutions Ltd has issued a corrigendum to its First Extra-Ordinary General Meeting (EGM) notice for FY 2026-27. This corrigendum, dated October 08, 2026, provides clarifications and additional disclosures regarding the proposed preferential issue of Equity Shares. The original EGM notice was dated September 21, 2026. The stock exchanges, NSE and BSE, had advised the company to provide these clarifications. The modifications primarily relate to Annexure A of the explanatory statement for Item No. 1 of the EGM Notice, which details the shareholding pattern before and after the preferential issue. The corrigendum is being circulated electronically to registered members and is available on the company's website and stock exchange websites.

OnEMI Technology Solutions Ltd (KISSHT) announced its provisional business update for the quarter ended September 30, 2026. The company reported a 32.6% increase in its registered user base to 79.54 million and a 22.5% rise in cumulative customers served to 12.80 million. Assets under Management (AUM) surged by 68.4% year-on-year to approximately ₹9,317 Cr, with a significant 16.4% quarter-on-quarter increase. The Loan Against Property (LAP) portfolio now constitutes 7.9% of the AUM. Overall disbursements for Q2FY27 were approximately ₹4,612 Cr, up from ₹2,963 Cr in Q2FY26. This data is provisional and subject to auditor review.

OnEMI Technology Solutions Ltd's wholly-owned subsidiary, Si Creva Capital Services Private Limited, has received a Show Cause Notice (SCN) from the Goods and Services Tax Department, Maharashtra. The notice, dated September 29, 2026, pertains to the financial year 2022-23 and alleges contraventions including non-reversal of Input Tax Credit (ITC), short reversal of ITC, and excess outward tax. The total demand raised, including tax, interest, and penalty, amounts to ₹44,05,68,262 (₹44.06 Crore). OnEMI Technology Solutions firmly believes the SCN lacks merit and that Si Creva will defend its case. The company anticipates no material financial impact on itself or its subsidiary.

OnEMI Technology Solutions Ltd has announced the closure of its trading window for designated persons and their immediate relatives. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015. The window will be shut from October 01, 2026, and will reopen 48 hours after the declaration of the company's unaudited financial results for the quarter and half-year ended September 30, 2026. The exact date for the Board of Directors' meeting to approve these results will be communicated separately.

OnEMI Technology Solutions Ltd announced the appointment of Ms. Ramadevi Satish Venigalla as the Secretarial Auditor for five consecutive financial years, commencing from FY2026-27 until FY2030-31. This appointment was approved by the company's members at the 10th Annual General Meeting held on September 22, 2026. Ms. Venigalla is a Practicing Company Secretary with over 20 years of comprehensive experience in corporate laws, securities regulations, and secretarial advisory services, having advised both listed and unlisted companies.

OnEMI Technology Solutions Ltd announced that its members approved amendments to the Memorandum of Association (MoA) at the 10th Annual General Meeting held on September 22, 2026. The alterations to the main object clause aim to align the company's objectives with its evolving business in technology-enabled financial services. The amendments include enabling the company to design, develop, and host software and technology platforms for distributing financial products, providing consumer information, and operating a marketplace. Additionally, the company can now process information for credit institutions and provide outsourcing and allied support services, including technology and digital support, customer servicing, and back-office functions related to financial products. These changes provide clarity and flexibility for OnEMI to undertake activities within the financial services ecosystem, subject to applicable laws and regulatory approvals. The company clarified that these alterations do not attract provisions of Section 13(8) of the Companies Act, 2013, as they are unrelated to objects for which public funds were raised via an IPO.

OnEMI Technology Solutions Ltd. announced that its First Extra Ordinary General Meeting (EGM) for the Financial Year 2026-27 will be held on Wednesday, October 14, 2026, at 04:00 p.m. (IST) via Video Conferencing (VC)/Other Audio-Visual Means (OAVM). The primary agenda for the EGM is to seek members' approval, through a Special Resolution, for the issuance of equity shares by way of a preferential issue on a private placement basis. The company has set Wednesday, October 07, 2026, as the cut-off date for determining members eligible to vote. Remote e-voting will commence on Friday, October 09, 2026, at 9:00 a.m. (IST) and conclude on Tuesday, October 13, 2026, at 5:00 p.m. (IST).

OnEMI Technology Solutions Limited, operating the digital lending platform Kissht, announced its Board of Directors has approved a preferential issue to raise approximately ₹832 crore. The funds will be used to strengthen the company's capital position and fuel its next phase of growth. 75% of the capital raised will be infused into its wholly-owned subsidiary, Si Creva Capital Services Private Limited, to enhance Kissht's lending business, technology, product offerings, and market reach. The remaining 25% will be allocated for general corporate purposes. The company anticipates multiple credit rating upgrades, leading to lower borrowing costs and expanded funding capacity, thereby strengthening margins and profitability.

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.

OnEMI Technology Solutions Limited announced that its Board of Directors has approved a preferential issue of up to 2,64,93,882 equity shares at an issue price of ₹314.11 per share. This private placement aims to raise approximately ₹832.19 crore from identified non-promoter investors. The company will convene an Extra-Ordinary General Meeting (EGM) on October 14, 2026, to seek shareholder approval for this fundraise. The board meeting concluded on September 17, 2026.