Mumbai, India – July 10, 2024: One Point One Solutions Limited, a leading provider of business process management services, is pleased to announce that the Board of Directors (“the Board”) has approved key resolutions to enhance the company’s financial flexibility and support its growth initiatives. In furtherance of the prior intimations made by the Company under Regulation 29 of the SEBI Listing Regulations, and pursuant to Regulation 30 of SEBI Listing Regulations, the Board at its meeting held on June 26, has considered and approved the following:

Increase in Authorized Share Capital: Subject to the approval of the shareholders and requisite regulatory and statutory approvals, the Board has approved an increase in the authorized share capital of the Company from INR 50,00,00,000 (Indian Rupees Fifty Crores Only) to INR 70,00,00,000 (Indian Rupees Seventy Crores Only). Consequently, the capital clause of the Memorandum of Association (MOA) will be altered to reflect this change in accordance with Section 61(1)(a) of the Companies Act, 2013, and other applicable laws and regulations.

Issuance and Allotment of Equity Shares and Warrants: Subject to the approval of the shareholders and requisite regulatory and statutory approvals, the Board has approved the issuance and allotment of 3,75,94,502 (Three Crores Seventy-Five Lakhs Ninety-Four Thousand Five Hundred and Two) equity shares and 1,67,85,714 (One Crore Sixty Seven Lakhs Eighty-Five Thousand Seven Hundred and Fourteen) equity warrants of face value of INR 2/- each.

These will be issued to certain identified persons belonging to the promoter and non-promoter categories for cash, at an issue price of INR 56/- (Indian Rupees Fifty-Six) per equity share and per equity warrant (including a premium of INR 54/- per equity share and equity warrant), for a total consideration of up to INR 3,04,52,92,072 (Indian Rupees Three Hundred Four Crores Fifty-Two Lakhs Ninety-Two Thousand and Seventy-Two Only).

Management Quote “This strategic move aims to raise significant capital to fuel the Company’s growth and expansion plans. The funds raised will be utilized to strengthen the Company’s balance sheet, invest in new technologies, invest in Mergers and Acquisitions to expand the footprint to other geographies, and enhance service offerings, thereby driving long-term value for shareholders.”