Oneclick Logistics India Limited Initiates Postal Ballot to Ratify Rights Issue Fund Reallocation and Change in Issue Objects
Published on: May 8, 2026, 10:30 a.m. | Source: scanx.trade
Oneclick Logistics India Limited has initiated a Postal Ballot process with remote e-voting from May 08 to June 06, 2026, seeking shareholder ratification for deviations in Rights Issue proceeds utilisation. The company reallocated ₹1,801.15 Lakhs from the originally planned acquisition of Veesham Traders (LLC) equity shares to the acquisition of equity shares in Indispice Dehydration Private Limited, increasing its stake from 50.00% to 60.01%, citing escalating Middle East geopolitical risks. An additional ₹17.31 Lakhs was deployed towards General Corporate Purposes, constituting a variation from the original allocation. The total Rights Issue proceeds of ₹3,501.09 Lakhs have been fully utilised, and results of the postal ballot are expected to be declared on or before Monday, June 08, 2026.
