One Point One Solutions Limited — Board Meeting, 31-12-2024: Outcome of Board Meeting

The board has approved the conversion of 2,50,000 convertible warrants into an equal number of equity shares, raising ₹53.10 lakh (5.31 Cr). Following this, the paid-up capital will rise to ₹51.49 crore (51.49 Cr). The new shares will rank equally with existing equity shares. Currently, 1,11,24,944 warrants are pending conversion, with holders entitled to convert them within 18 months by paying the remaining 75% of the issue price. This strategic move enhances the company's capital structure, potentially improving its financial flexibility.