One Point One Solutions Limited has issued a comprehensive corrigendum to its Postal Ballot Notice originally dated December 11, 2025, dispatched on January 7, 2026. The corrigendum primarily addresses Item No. 1 of the explanatory statement and brings greater clarity on the utilisation of funds proposed to be raised through the preferential issue. The current e-voting period, which began on December 12, 2025, is set to conclude on January 10, 2026, at 5:00 p.m. IST. According to the company announcement, all other provisions of the original notification remain in effect, ensuring shareholders have complete transparency before the voting deadline. The corrigendum has been made available on both the company's official website and the National Stock Exchange of India's website for full regulatory compliance.
The corrigendum provides enhanced details on the utilisation of proceeds from the proposed preferential issue, aggregating to ₹84 crore. As per the revised disclosure, the company plans to utilise approximately ₹20.16 crore for general corporate purposes, while ₹63.84 crore will be invested in its Dubai-based wholly owned subsidiary, One Point One Solutions MENA Holdings Ltd. The company has established a tentative utilisation timeline extending up to June 11, 2028. Until the proceeds are fully deployed, funds will be maintained in corporate bank accounts or parked in low-risk instruments such as fixed deposits, debt mutual funds, or money market instruments. The company has provided clear assurance of prudent financial management without exposure to high-risk or capital-eroding investments, reflecting its strategic emphasis on international expansion and strengthening Middle East operations.
The corrigendum includes updated disclosure on the identity of proposed allottees and their beneficial ownership structure. Craft Emerging Market Fund PCC – Citadel Capital Fund has been identified as a non-promoter allottee, with Debellaire Jean Daniel Didier (passport number 2094984) designated as the fund's ultimate beneficial owner. According to the revised announcement, this allottee will receive 20 lakh equity shares upon conversion of warrants, representing approximately 0.72% of the post-issue paid-up equity share capital. The company has confirmed that the proposed allotment will not result in any change in management or control, providing assurance to existing shareholders regarding corporate governance and control structure.
The company has emphasized that the corrigendum should be viewed as an integral component of the original Postal Ballot Notice, with all other terms and conditions remaining unchanged. Shareholders who have already cast their votes have been provided an opportunity to modify their ballots in light of the corrigendum by contacting the scrutinizer before voting closes on January 10, 2026. The enhanced disclosure ensures full regulatory compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. One Point One Solutions (1Point1) operates as a prominent technology-enabled BPM services provider, offering customer lifecycle management, analytics, and digital solutions to clients across multiple industries including telecom, BFSI, e-commerce, and travel, with operations spanning India and overseas markets.
