Nature of the Event

OnEMI Technology Solutions Limited (formerly OnEMI Technology Solutions Private Limited) has announced a preferential issue of equity shares to raise approximately ₹832 crore, as approved by the Board of Directors at their meeting held on September 17, 2026.

Key Quantitative Figures

  • Total fundraise amount: ₹832 crore
  • Number of investors: 34 identified persons/institutions
  • Breakdown of fund utilization: 75% (approximately ₹624 crore) will be infused into wholly owned subsidiary Si Creva Capital Services Private Limited, while 25% (approximately ₹208 crore) will be used for general corporate purposes

Detailed Investor Allocation

| Investor | Shares | Amount (₹ Cr) |

| Axis Small Cap Fund | 34,89,223.00 | 109.60 |

| Axis Flexi Cap Fund | 15,47,228.00 | 48.60 |

| Axis Multi Cap Fund | 13,30,744.00 | 41.80 |

| Massachusetts Institute of Technology | 25,46,878.00 | 80.00 |

| Massachusetts Institute of Tech Basic Retirement Plan | 1,59,179.00 | 5.00 |

| 238 Plan Associates, LLC | 4,77,539.00 | 15.00 |

| 360 One Equity Opportunity Fund | 6,36,719.00 | 20.00 |

| 360 One Equity Opportunity Fund - Series 4 | 4,77,539.00 | 15.00 |

| High Conviction Fund - Series 1 | 4,77,539.00 | 15.00 |

| HDFC Banking & Financial Services Fund | 22,28,518.00 | 70.00 |

| HDFC Innovation Fund | 9,55,079.00 | 30.00 |

| Ashoka WhiteOak ICAV - Ashoka WhiteOak India Opportunities Fund | 12,53,700.00 | 39.38 |

| Ashoka WhiteOak ICAV - Ashoka WhiteOak Emerging Markets Equity Fund | 10,69,688.00 | 33.60 |

| Ashoka WhiteOak Emerging Markets Trust PLC | 64,308.00 | 2.02 |

| Groww Multi Cap Fund | 5,85,782.00 | 18.40 |

| Groww Banking & Financial Services Fund | 28,652.00 | 0.90 |

| Groww Value Fund | 19,101.00 | 0.60 |

| Groww Small Cap Fund | 3,21,543.00 | 10.10 |

| Bandhan Small Cap Fund | 6,11,250.00 | 19.20 |

| Envision India Fund | 12,73,439.00 | 40.00 |

| AAA GEMS FUND | 9,55,079.00 | 30.00 |

| Citigroup Global Markets Hong Kong Ltd | 7,95,899.00 | 25.00 |

| Nippon India Equity Opportunities AIF-Scheme 9 | 7,95,899.00 | 25.00 |

| Unity Small Finance Bank Ltd. | 7,95,899.00 | 25.00 |

| First Bridge India Growth Fund | 6,36,719.00 | 20.00 |

| JAS Advisory Services LLP | 6,36,719.00 | 20.00 |

| Laxminarayan Vyapaar Pvt Ltd | 4,77,539.00 | 15.00 |

| LC Pharos Multi Strategy Fund VCC - LC Pharos Multi Strategy Fund SF1 | 4,77,539.00 | 15.00 |

| Pranitya India Opportunities Fund | 3,50,195.00 | 11.00 |

| Alchemy Long term Venture Fund, Series 3 | 3,18,359.00 | 10.00 |

| Insightful Flexicap Fund | 3,18,359.00 | 10.00 |

| Alchemy Emerging Leaders of Tomorrow | 1,59,179.00 | 5.00 |

| Anil Shah | 1,59,179.00 | 5.00 |

| Ameeta Rajendra Naik | 63,671.00 | 2.00 |

Dates of Action

  • Board meeting date: September 17, 2026
  • Disclosure date: September 18, 2026
  • Digital signature timestamp: September 18, 2026 at 10:31:44 +05:30

Parties Involved

  • Issuer: OnEMI Technology Solutions Limited (BSE: 544754/NSE: KISSHT)
  • Subsidiary: Si Creva Capital Services Private Limited (wholly owned subsidiary)
  • Investors: 34 identified persons/institutions including Axis Mutual Fund, HDFC Mutual Fund, Massachusetts Institute of Technology, White Oak, 360 One, Groww Mutual Fund, Bandhan Mutual Fund, and others
  • Regulatory bodies: BSE Limited, National Stock Exchange of India Limited, SEBI

Purpose and Rationale

The fundraise aims to strengthen the company's capital position and support its next phase of growth. Specifically:

  • 75% of proceeds will be infused into Si Creva Capital Services Private Limited to provide Kissht with greater financial flexibility
  • Funds will be used to scale lending business, strengthen technology and digital capabilities, expand product offerings, and deepen customer reach
  • 25% allocated for general corporate purposes to support Kissht's broader growth strategy

Strategic Impact and Forward-looking Statements

  • Company targets multiple credit rating upgrades over the next two years
  • Expected benefits include lower cost of borrowing, expanded access to diversified capital pool, increased funding capacity
  • Strengthened capital adequacy positioned to sustain growth through varying credit cycles
  • Reduction in funding costs expected to strengthen margins and profitability

Corporate Structure Impact

The preferential issue will result in dilution of existing shareholders' ownership through issuance of new equity shares to identified investors.

Additional Information

  • Press release accessible on company website: www.kissht.com
  • Company Secretary and Compliance Officer: Shraddha Rajkumar Patangia (Membership No.: A55210)
  • Requires shareholder approval and requisite regulatory/statutory approvals