One Point One Solutions Limited, a homegrown provider of technology-enabled business process management (BPM) services, has informed exchanges that its board is considering raising funds. The board will meet on June 26 to evaluate the proposal.
“To evaluate the proposal for raising of funds by way of issue of one or more instruments comprising of equity shares, convertible securities of any other description or share warrants or debt securities, through Private Placement/Preferential Issue/Qualified Institutions Placement or such other methods or combinations thereof as may be decided by the Board, subject to such statutory/regulatory approvals as may be necessary, including the approval of the Shareholders of the Company, wherever required,” the company said in a filing.
Earlier, One Point One Solutions incorporated its wholly-owned Singapore subsidiary – One Point One Singapore Pte. Ltd – for the business development of the patent company’s products and services in overseas markets.
The company also said that the incorporation has got approval from the Accounting and Corporate Regulatory Authority (ACRA) of the Government of Singapore.
Earlier, One Point One Solutions reported a two-fold jump in net profit to Rs 5.93 crore in the September quarter, up by 209.92 per cent YoY from Rs 1.91 crore in the same quarter of FY23.
The company had reported a net income of Rs 41.01 crore during the quarter under review as against Rs 34.92 crore in the year-ago quarter, up 17.45 per cent. It also recorded EBITDA for the quarter at Rs 14.83 crore as compared with Rs 8.65 crore, up 71.49 per cent.
