OnEMI Technology Solutions Limited (NSE: KISSHT | BSE: 544754)

Introduction

On July 29 2026, OnEMI Technology Solutions Limited (formerly OnEMI Technology Solutions Private Limited) filed a board‑meeting resolution with the NSE and BSE. The filing discloses the unaudited financial results for the quarter ended 30 June 2026, the appointment of a new secretarial auditor, and details of the company’s recent IPO proceeds utilization.

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1. Board Approvals (July 29 2026)

Item	Decision
Unaudited Financial Results (stand‑alone & consolidated) for Q2 FY 2026‑27	Approved. Statutory auditors issued an unmodified opinion in the limited review report.
Secretarial Auditor	Ms. Ramadevi Satish Venigalla appointed for FY 2026‑27 to 2030‑31 (subject to shareholder approval at the AGM).
Meeting Timing	Commenced 06:15 pm IST, concluded 07:15 pm IST.

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2. Financial Performance (Quarter ended 30 June 2026)

2.1 Consolidated Results (Rs. million)

Metric	Q2 2026 (Unaudited)	Q2 2025 (Unaudited)
Revenue from operations	6,695.00	4,631.04
Other income	70.55	26.13
Total income	6,765.55	4,657.17
Total expenses	5,488.54	3,859.67
Profit before tax	1,277.01	797.50
Tax expense (net)	326.24	200.13
Profit after tax	950.77	597.37
Total comprehensive income	946.84	597.71
Basic EPS	6.41	11.14
Diluted EPS	5.88	4.54

2.2 Stand‑alone Results (Rs. million)

Metric	Q2 2026 (Unaudited)	Q2 2025 (Unaudited)
Revenue from operations	2,157.43	1,395.86
Other income	115.72	76.66
Total income	2,273.15	1,472.52
Total expenses	1,578.61	1,098.67
Profit before tax	694.54	373.85
Tax expense (net)	175.06	95.38
Profit after tax	519.48	278.47
Basic EPS	3.50	5.19
Diluted EPS	3.21	2.11

All figures are rounded to the nearest million rupees.

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3. IPO & Utilisation of Fresh Issue Proceeds

• IPO size: 4,97,07,602 fresh equity shares + 44,39,788 offer‑for‑sale shares at ₹ 171 per share.
• Listing: NSE & BSE on 8 May 2026.
• Paid‑up equity capital: increased from ₹ 118.78 million to ₹ 168.48 million (16,84,83,022 shares of ₹ 1 each).

Utilisation of ₹ 8,500 million IPO proceeds (Rs. million)

Purpose	Amount Utilised	Unutilised
Augmenting capital base of subsidiary	6,375.00 (₹ 6,368.03 utilised, ₹ 6.97 unutilised)	–
General corporate purposes	1,565.85 (₹ 1,085.97 utilised, ₹ 479.88 unutilised)	–
Issue‑related expenses	559.15 (₹ 271.04 utilised, ₹ 288.11 unutilised)	–
Total utilised	8,500.00	7,725.04 (remaining)

Unutilised proceeds are parked in fixed deposits and current accounts of the company and its subsidiary.

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4. Corporate Actions & Capital Structure

Action	Details
New wholly‑owned subsidiary	Invincible Minds Private Limited incorporated on 17 June 2026 (distribution of mutual fund & other financial products).
Debenture issuance	Si Creva Capital Services Private Limited issued ₹ 325 crore of 11 % non‑convertible debentures (face value ₹ 1 lac each) on 13 July 2026; listed on BSE on 15 July 2026.
Share‑based payments	No ESOP grants in Q2 2026; share‑based payment expense of ₹ 50.75 million (consolidated) / ₹ 9.34 million (stand‑alone).
ESOP ratification	Shareholders approved amendment & ratification of KISSHT ESOP‑2019/2021/2022 on 27 June 2026.
Stock split	Board approved conversion of ₹ 10 face‑value shares into ten ₹ 1 shares (effective FY 2025‑26); reflected in EPS calculations.

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5. Auditor’s Review & Compliance

• Auditor: Chokshi & Chokshi LLP.
• Scope: Limited review under Regulation 33 (SEBI Listing Regulations) – moderate assurance.
• Conclusion: No material misstatement identified; unmodified opinion on both consolidated and standalone unaudited results.
• Regulatory disclosures: Annexure A (SEBI Master Circular HO/49/14/14(7)2025‑CFD‑POD2/I/3762/2026) attached; no deviation in use of IPO funds reported.

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6. Key Take‑aways for Investors

• Strong quarterly earnings: Consolidated profit after tax of ₹ 950.77 million and stand‑alone profit after tax of ₹ 519.48 million indicate robust performance post‑IPO.
• Healthy cash generation: Revenue growth of ~44 % YoY (consolidated) and ~55 % YoY (stand‑alone).
• Capital adequacy: IPO proceeds largely deployed to bolster subsidiary capital and general corporate purposes; a modest portion remains as liquid reserves.
• Governance: Appointment of an experienced secretarial auditor for a five‑year term underscores focus on compliance.
• Future financing: Recent debenture issuance by a subsidiary adds long‑term debt capacity without diluting equity.

Investors should monitor the upcoming AGM for shareholder approval of the secretarial auditor appointment and any further guidance on the utilisation of remaining IPO proceeds.