OnEMI Technology Solutions Limited reported a 75% year-on-year increase in profit after tax (PAT) to ₹281 crore for the financial year ended March 31, 2026. Assets under management (AUM) grew 73% year-on-year and 19% quarter-on-quarter to ₹7,066 crore. The company’s total income reached ₹2,209 crore, up 63% from the previous year, while pre-provisioning operating profit increased 54% to ₹836 crore.

Asset Quality and Guidance

The company improved its asset quality metrics, with gross non-performing assets (GNPA) reducing to 2.12% from 2.89% in the previous year. Net NPA stood at 0.29%, and collection efficiency remained above 97%. For FY27, the company expects AUM growth of over 40% and targets a return on average assets between 4.5% and 5%.

Operational Highlights

Kissht maintained a balanced funding structure with approximately 50% on-book and 50% off-book AUM. The on-book AUM stood at ₹3,556 crore, supported by 45+ lending partners. The company’s secured Loan Against Property (LAP) business contributed ₹518 crore to the AUM across 98 branches. Management highlighted that technology and AI models, utilizing over 7,000 variables, have been instrumental in driving risk separation and operational efficiency.

The disclosure regarding the earnings conference call transcript was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

OnEMI Technology Solutions Limited has initiated a postal ballot process to seek shareholder approval for the amendment and ratification of its Kissht Employee Stock Option Plans (ESOPs) for 2019, 2021, and 2022. The resolutions also propose ratifying the extension of grants to eligible employees of group companies, including subsidiaries and associates, both in India and outside India. This move is intended to align the plans with post-listing regulations and ensure continued employee retention and motivation.

The Board of Directors and the Nomination and Remuneration Committee approved the proposals on May 27, 2026, subject to member approval. The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting. The process is restricted to electronic mode, with no physical ballot forms being dispatched to members.

Voting Schedule and Process

The remote e-voting period commences on Friday, May 29, 2026, at 09:00 A.M. IST and concludes on Saturday, June 27, 2026, at 05:00 P.M. IST. Only members whose names appear in the Register of Members or Register of Beneficial Owners as on the cut-off date of Friday, May 22, 2026, are eligible to vote. The results will be announced within two working days of the conclusion of the e-voting period.

Ms. Ramadevi Satish Venigalla, Practicing Company Secretary, has been appointed as the Scrutinizer to oversee the e-voting process. The resolutions, if passed by the requisite majority, will be deemed to have been passed on June 27, 2026.

Special Resolutions Overview

The postal ballot notice outlines six special resolutions. The odd-numbered items seek approval for the amendment and ratification of the respective ESOP plans, while the even-numbered items seek ratification for extending the benefits to group company employees. The key details of the ESOP schemes are summarized below:

The maximum number of options that may be granted to an individual employee is capped at 11,50,000 under the 2019 plan, 5,00,000 under the 2021 plan, and 25,00,000 under the 2022 plan. The minimum vesting period for stock options is 12 months from the grant date, with vesting schedules not exceeding five years.

Regulatory Compliance and Plan Details

The amendments involve the deletion of pre-listing and liquidity event-related provisions to align with applicable laws, including the Securities and Exchange Board of India (Share Based Employee Benefits and Sweat Equity) Regulations, 2021. The plans are administered directly by the company through its Board of Directors and the Nomination and Remuneration Committee.

The company has confirmed that none of the directors or key managerial personnel are interested in the resolutions, other than to the extent of their shareholding or potential grant of options. The detailed notice and explanatory statement are available on the company's website and the websites of BSE Limited and National Stock Exchange of India Limited.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE12F801023/e88badb4d0f44021.pdf