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

OnEMI Technology Solutions Limited reported a consolidated net profit of ₹2,814.52 million for the financial year ended March 31, 2026, a 75% increase from ₹1,606.21 million in the previous year. Revenue from operations for FY26 surged to ₹21,792.46 million compared to ₹13,374.65 million in FY25, driven by robust business momentum. For the fourth quarter of FY26, the company posted a net profit of ₹821.83 million and revenue of ₹6,193.46 million. This is the company's first set of results following its listing on NSE and BSE on May 08, 2026.

FY26 Financial Performance

The company's audited financial results for the year ended March 31, 2026, highlight strong growth across key metrics. Assets Under Management (AUM) expanded 73% YoY to ₹7,066 Cr as on Mar-26, crossing a key scale milestone driven by sustained portfolio expansion across Personal Loans (PL) and Loan Against Property (LAP). The following table summarises the annual performance:

Return on Average AUM (RoAAUM) stood at 5.05% (+22 bps YoY) and Return on Average Equity (RoAE) at 23.97% (+622 bps YoY). Diluted EPS for FY26 was ₹21.4 (vs ₹12.8 in FY25, +67% YoY), while Diluted BVPS stood at ₹113.1 as of Mar-26.

Q4 FY26 Performance Highlights

For the quarter ended March 31, 2026, AUM stood at ₹7,066 Cr, up 73% YoY and 19% QoQ. Net profit for the quarter was ₹82 Cr, up 57% YoY and 7% QoQ. RoAAUM was 5.05% (annualised), while RoAE stood at 25.31% (+379 bps YoY). Diluted EPS for the quarter was ₹6.2 (vs ₹4.2 in Q4FY25, +48% YoY).

Portfolio Mix & Asset Quality

The AUM mix comprised PL (unsecured) at ₹6,548 Cr or 92.7% of AUM, and LAP (secured) at ₹518 Cr or 7.3% of AUM. Off-book AUM was at ₹3,510 Cr (~50% of total) across 8 partners under the off-book model. Gross Non-Performing Assets (GNPA) improved sharply to 2.12%, an improvement of 78 bps QoQ and 77 bps YoY. Net Non-Performing Assets (NNPA) stood at 0.29% (-9 bps QoQ), while Stage 3 Provision Coverage Ratio (PCR) was at 86.15%.

Capital Position & Outlook

Net Worth stood at ₹1,343 Cr (+33% YoY), with Capital to Risk-weighted Assets Ratio (CRAR) at 25.28% and Tier-1 at 24%. CRISIL upgraded the company's credit rating to A-/Stable. Approximately 75% of the primary issue proceeds (~₹637 Cr) has been infused as fresh equity into the NBFC subsidiary, Si Creva Capital Services Private Limited, on May 16, 2026. For FY27, the company targets AUM growth of 40%+, credit cost reduction of 10-15% YoY, and RoAE in the 19-21% range.