Oneclick Logistics India Limited has issued a Postal Ballot Notice under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, informing the National Stock Exchange of India Limited of a Special Resolution to be passed by shareholders through remote e-voting. The notice follows a Board of Directors meeting held on May 07, 2026, and pertains to the approval and ratification of a change in the objects of the Rights Issue along with deviations in the utilisation of proceeds raised through the issue of fully paid-up equity shares of face value ₹10/- each on a rights basis.

E-Voting Schedule and Process

The company has engaged Central Depository Services (India) Limited (CDSL) to facilitate the remote e-voting process. The cut-off date for determining eligible members is Friday, May 01, 2026. The Postal Ballot Notice is being dispatched exclusively through electronic mode to members whose email addresses are registered with the company or their respective depository participants.

The Scrutinizer will submit the report to the Chairman of the Company upon completion of scrutiny, and results will be communicated to the stock exchange and displayed on the company's website at www.1click.co.in .

Special Resolution: Change in Objects and Ratification of Deviation

The Special Resolution seeks shareholder approval to modify the objects of the Rights Issue as originally disclosed in the Letter of Offer dated February 21, 2026, and corrigenda thereto. The Board of Directors, at its meeting held on April 06, 2026, undertook a reassessment and decided to limit the investment in Veesham Traders (LLC) from up to ₹2,647.99 Lakhs to ₹829.53 Lakhs. The primary reason cited was the ongoing geopolitical conflict in the Middle East region, which heightened regional instability and increased risks to investments in and around the UAE, including disruptions to trade routes, supply chain interruptions, and increased vulnerability of cross-border assets.

Following this reassessment, the Board approved the reallocation of ₹1,818.46 Lakhs, of which ₹1,801.15 Lakhs were deployed towards the acquisition of equity shares of Indispice Dehydration Private Limited—an object not originally envisaged in the Letter of Offer—thereby increasing the company's stake from 50.00% to 60.01%. The balance of ₹17.31 Lakhs was deployed towards General Corporate Purposes.

Revised Utilisation of Rights Issue Proceeds

The following table presents the revised allocation and actual utilisation of Rights Issue proceeds as on May 07, 2026 (₹ in Lakhs):

Key notes on the utilisation:

• The Rights Issue comprised 11,18,633 equity shares; however, as this was an SME Rights Issue requiring allotment in multiples of a lot size of 80 equity shares, 73 equity shares amounting to ₹0.23 Lakhs could not be allotted, as per the Basis of Allotment dated March 17, 2026. This amount has been adjusted towards General Corporate Purposes.
• The excess utilisation of ₹17.31 Lakhs towards General Corporate Purposes constitutes a variation from the original objects and is placed before shareholders for ratification. The total amount allocated towards General Corporate Purposes does not exceed 25% of the amount raised, in compliance with Regulation 62(2) of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
• The ₹1,801.15 Lakhs deployed towards acquisition of shares in Indispice Dehydration Private Limited was utilised prior to obtaining shareholders' approval, constituting a deviation from the original objects, and is placed before shareholders for ratification.
• Since issue expenses already incurred were less than estimated, the remaining funds have been allocated towards General Corporate Purposes, ensuring the total does not exceed 25% of the amount raised.

Original Objects as Per Letter of Offer

As per the Letter of Offer dated February 21, 2026, the company had proposed to utilise the net proceeds towards the following objects (₹ in Lakhs):

Board Recommendation and Risk Disclosure

The Board of Directors has recommended the Special Resolution for approval by members, stating that the reallocation was undertaken to enhance shareholder value by ensuring optimal and appropriate utilisation of issue proceeds. The company has confirmed that the entire proceeds have been utilised as detailed above, with no unutilised amount remaining.

The company has also disclosed that it remains exposed to risks associated with the performance of Indispice Dehydration Private Limited. Should Indispice Dehydration Private Limited not perform in line with expectations due to unforeseen economic, market, or business conditions, it may adversely impact the company's investment and consolidated financial condition. The Board has confirmed that, upon approval of the resolution, the proposed change will be reported in the Statement of Deviation(s) submitted to the stock exchange pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. None of the Directors or Key Managerial Personnel of the company, including their relatives, hold any financial or other interest in the proposed resolution except to the extent of their shareholding in the company, if any.