In-principle approval received for 15,00,000 warrants convertible into 15,00,000 equity shares

One Point One Solutions has received in-principle approval from NSE and BSE for issuing 15,00,000 warrants convertible into 15,00,000 equity shares of Rs. 2/- each at a price not less than Rs. 60/- to non-promoters on a preferential basis.

Wed 7 Oct 2026

Warrants to be issued

15,00,000

Equity shares on conversion

15,00,000 equity shares of Rs. 2/- each

Issue price

not less than Rs. 60/-

What the company informed

One Point One Solutions Ltd has told the exchanges it has received in-principle approval from NSE (Ref: NSE/LIST/57262) and BSE for an issue of warrants convertible into equity shares to non-promoters on a preferential basis.

• Warrants to be issued: 15,00,000
• Equity shares on conversion: 15,00,000 of face value Rs. 2/- each
• Price: not less than Rs. 60/- per share
• Allottees: non-promoters, on a preferential basis

What an in-principle approval is

This is the exchange's go-ahead for the proposed issue. The letters state that this in-principle approval should not be construed as approval for listing of the securities, and the company is required to separately comply with the requirements for that.

Conditions the exchanges have attached

• The listing application must be shared at the earliest from the date of allotment.
• Statutory and other approvals, and compliance with guidelines from authorities including SEBI, RBI and MCA, are required.
• The company is advised to obtain an undertaking from the allottee(s) that they shall not do intra-day trading in the scrip, or any sale in the scrip, till the allotment date of the security.
• The responsibility to verify this is solely on the issuer company.
• The exchanges reserve the right to withdraw the in-principle approval at a later stage if the information submitted is found to be incomplete, incorrect, misleading or false, or if it contravenes rules and regulations.

How to read this

Warrants are a right to receive equity shares, and here each warrant converts into one equity share. On conversion, the number of equity shares will rise by 15,00,000. The price stated is a floor — the update says “not less than” Rs. 60/- — so the final price may be higher. The approval is one step in the process; allotment, listing application and listing are the steps that follow.

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