Preferential issue: pricing clarified at Rs. 314.11 per share for up to 2,64,93,882 equity shares
OnEMI Technology Solutions has shared a clarification on its proposed preferential issue.
By ScoutQuest · · 2 min read
- Issue Price
- Rs. 314.11 per equity share
- Issue Size
- up to 2,64,93,882 fully paid-up equity shares
- Approval Dates
- Board approved on September 17, 2026; shareholders approved at EGM held on October 14, 2026
What the update says
The company has placed on record additional, clarificatory information about its proposed preferential issue on a private placement basis. This follows correspondence from the stock exchanges, which asked for clarification on the Explanatory Statement to the notice of the EGM.
- The board of directors approved the preferential issue of up to 2,64,93,882 fully paid-up equity shares on September 17, 2026.
- Shareholders approved the preferential issue by requisite majority at the First Extra-Ordinary General Meeting of financial year 2026-27 held on October 14, 2026.
- The company had applied to the stock exchanges for in-principle approval of the issue, and this update responds to further correspondence received on that application.
The pricing clarification
- The price per share for the preferential issue has been arrived at in accordance with the pricing guidelines under Regulation 164(2) of the SEBI ICDR Regulations.
- As per its Articles of Association, the company also obtained a valuation report dated September 16, 2026 from CA Kavita Joshi, Registered Valuer - SFA, along with an addendum dated October 01, 2026.
- The company clarifies that the price as per the method prescribed in the Articles of Association (the per share price under the valuation report) does not result in a floor price higher than the floor price determined under Regulation 164(2).
- The issue price stated in the EGM notice is Rs. 314.11 per equity share, which is also the floor price determined under Regulation 164(2).
What investors may take from this
The update answers a specific query raised by the exchanges on how the issue price was determined, and confirms that the price used is the one required under the SEBI ICDR pricing rules. A preferential issue increases the number of equity shares in issue, so the size of the issue - up to 2,64,93,882 shares at Rs. 314.11 each - is the key figure here.
The process remains at the stage of in-principle approval from the stock exchanges, with board and shareholder approvals already in place. A copy of the valuation report has been made available on the company's website at www.kissht.com.
Also from OnEMI Technology Solutions
OnEMI Technology Solutions sets Q2/H1 FY27 earnings conference call for October 29, 2026
24 Oct 2026
Board meeting on October 28, 2026 to consider and approve unaudited results for Q2 and H1
24 Oct 2026
Preferential allotment: ~2.65 crore equity shares allotted at INR 314.11/- per share
23 Oct 2026
More numbers
- Preferential issue size (fully paid-up equity shares)2,64,93,882
- Issue price per equity shareRs. 314.11/-
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