Oneclick Logistics Intimates NSE on Postal Ballot Publication
Oneclick Logistics India Limited has intimated the NSE regarding the newspaper publication of the Notice of Postal Ballot dated May 08, 2026. The company seeks shareholder approval via remote e-voting to ratify the reallocation of Rights Issue proceeds, including a reduced investment in Veesham Traders and the acquisition of shares in Indispice Dehydration Private Limited.
*this image is generated using AI for illustrative purposes only.
Oneclick Logistics India Limited has submitted an intimation to the National Stock Exchange of India Limited regarding the newspaper publication of the Notice of Postal Ballot. This disclosure, made under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, confirms that copies of the newspaper publication informing the completion of the dispatch of the Notice of the postal ballot and remote e-voting information were published in News Hub (English) and Prathakal (Marathi) on May 08, 2026.
The notice follows a Board of Directors meeting held on May 07, 2026, and pertains to a Special Resolution to be passed by shareholders through remote e-voting. The resolution seeks approval for the ratification of a change in the objects of the Rights Issue and deviations in the utilisation of proceeds raised through the issue of fully paid-up equity shares.
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 was dispatched exclusively through electronic mode.
| Parameter: | Details |
|---|---|
| Commencement of Remote E-Voting: | 9:00 a.m. (IST), Friday, May 08, 2026 |
| End of Remote E-Voting: | 5:00 p.m. (IST), Saturday, June 06, 2026 |
| Cut-Off Date: | Friday, May 01, 2026 |
| Result Declaration: | On or before Monday, June 08, 2026 |
| Scrutinizer: | CS Vishal Thawani, M/s VTSN & Associates LLP |
| E-Voting Platform: | CDSL ( www.evotingindia.com ) |
Revised Utilisation of Rights Issue Proceeds
The Board of Directors reassessed the investment in Veesham Traders (LLC), limiting it from up to ₹2,647.99 Lakhs to ₹829.53 Lakhs due to geopolitical risks in the Middle East. Consequently, the Board approved the reallocation of ₹1,818.46 Lakhs. Of this, ₹1,801.15 Lakhs were deployed towards the acquisition of equity shares of Indispice Dehydration Private Limited, increasing the company's stake from 50.00% to 60.01%. The balance of ₹17.31 Lakhs was deployed towards General Corporate Purposes.
The following table presents the revised allocation and actual utilisation of Rights Issue proceeds as on May 07, 2026 (₹ in Lakhs):
| Sr. No. | Object: | Total Amount (LOF & Corrigendum) | Total Amount (As per Allotment) | Proposed Objects Amount | Amount Utilised Till Date |
|---|---|---|---|---|---|
| 1 | Acquisition of Equity Shares of Veesham Traders (LLC) | 2,647.99 | 2,647.99 | 829.53 | 829.53 |
| 2 | General Corporate Purpose | 821.33 | 821.10 | 841.46 | 841.46 |
| 3 | Acquisition of shares in Indispice Dehydration Private Limited | — | — | 1,801.15 | 1,801.15 |
| 4 | Issue Expenses | 32.00 | 32.00 | 28.95 | 28.95 |
| Total | 3,501.32 | 3,501.09 | 3,501.09 | 3,501.09 |
The Board has recommended the Special Resolution for approval, stating that the reallocation was undertaken to enhance shareholder value. The company confirmed that the entire proceeds have been utilised as detailed above.
Historical Stock Returns for One Click Logistics
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.56% | -5.26% | +0.86% | +29.60% | +128.38% | +217.67% |
How might Oneclick Logistics India's increased stake in Indispice Dehydration Private Limited to 60.01% impact its consolidated revenue and profitability in FY2027?
If shareholders reject the Special Resolution ratifying the deviation, what regulatory consequences could Oneclick Logistics face from SEBI regarding the ₹1,801.15 Lakhs already deployed in Indispice Dehydration?
With the reduced investment in Veesham Traders (LLC) from ₹2,647.99 Lakhs to ₹829.53 Lakhs due to Middle East geopolitical risks, what is the company's long-term strategy for UAE-based operations if regional stability improves?
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