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17 announcements match the current filters (relevance ≥ 5).
59% PAT Growth and Rs 8,001 Cr AUM: Kissht Q1 FY27 Earnings Call Highlights
Kissht (OnEMI Technology Solutions) reported a strong Q1 FY27 with Profit After Tax (PAT) rising 59% YoY to Rs 95 crore. Assets Under Management (AUM) reached Rs 8,001 crore, a 61% YoY increase, while credit costs improved significantly to 6.80% from 8.85% a year ago. The company is strategically shifting towards higher-quality borrowers and off-book lending, which now constitutes 53.6% of the total book. Management remains cautious on industry-wide stress in small-ticket loans, having proactively paused lending in 450 pin codes earlier to mitigate risk.
Confidence: HIGH
What changedThe company has scaled its AUM past the Rs 8,000 crore mark while successfully reducing its credit cost by over 200 basis points YoY.
Why it mattersThe results demonstrate that the company can maintain high profitability (5.05% Return on Average AUM) even while tightening underwriting standards and increasing its off-balance sheet exposure.
AUM: Rs 8,001 crPAT Growth (YoY): 59%Credit Cost: 6.80%Off-book Lending Share: 53.6%Gross NPA: 2.25%Registered Users: 74.6 million
📅 Short termThe stock may react positively to the strong bottom-line growth and the management's proactive risk management stance regarding pin-code level lending.
📈 Long termThe transition to a higher share of off-book lending and focus on repeat, high-quality customers suggests a move toward a more sustainable and capital-efficient business model.
⚠ Risk flags
- Industry-wide stress in small-ticket loans
- Potential margin compression from lower-risk pricing
- Macro risks from West Asia impacting fuel prices and consumer confidence
Key Highlights
AUM grew 61% YoY to Rs 8,001 crore, with quarterly disbursements reaching Rs 3,812 crore.
Profit After Tax (PAT) increased 59% YoY to Rs 95 crore, delivering a Return on Average Equity (ROAE) of 21.20%.
Credit costs reduced to 6.80% of average AUM, down from 8.85% in Q1 FY26, reflecting improved borrower quality.
Off-book lending share increased to 53.6% from 49.7% QoQ, shifting the model toward capital-light fee income.
Maintained high provisioning with Stage-3 ECL coverage at 84.1% and Stage-2 coverage at 80.4%.
👀 What to Watch
Watch for the impact of the shift toward lower-risk, lower-priced customers on overall revenue margins in upcoming quarters. Monitor the collection efficiency, currently at 96.82%, as a lead indicator for asset quality in the small-ticket segment.
59% PAT Growth to ₹95 Cr; AUM Crosses ₹8,000 Cr in Q1 FY27
Kissht (OnEMI Technology Solutions) delivered a robust Q1 FY27, its first as a listed entity, with PAT rising 59% YoY to ₹95 Cr. AUM surged 61% YoY to ₹8,001 Cr, supported by the infusion of ₹637 Cr from IPO proceeds into its NBFC subsidiary. Asset quality showed marked improvement with GNPA at 2.25% (down from 3.64% YoY) and a healthy annualized RoAE of 21.20%. The company maintains a capital-light model with 53.6% of AUM being off-book through 45+ lending partners.
Confidence: HIGH
What changedThis is the first quarterly result post-listing (May 2026), showing significant capital strengthening and continued high-growth momentum in the digital lending space.
Why it mattersThe high RoAAUM of 5.05% and RoAE of 21.20% indicate strong profitability; the successful deployment of ₹637 Cr IPO proceeds into the NBFC subsidiary provides a runway for further AUM expansion.
AUM: ₹8,001 CrPAT (Q1 FY27): ₹95 CrGNPA: 2.25%Net Worth: ₹2,245 CrOff-book AUM %: 53.6%RoAE (Annualized): 21.20%
📅 Short termThe stock is likely to react positively to the strong growth and asset quality improvement in its debut quarterly report as a listed company.
📈 Long termThe company is scaling rapidly; long-term value depends on managing credit costs in the unsecured segment (92% of AUM) and successfully diversifying into secured LAP products.
⚠ Risk flags
- High concentration in unsecured personal loans (92.3% of AUM)
- Reliance on off-book partnership models for 53.6% of AUM
Key Highlights
AUM expanded 61% YoY to ₹8,001 Cr, driven by a 26% growth in customer base to 12.25 million.
Profit After Tax (PAT) reached ₹95 Cr, up 59% YoY and 16% sequentially from Q4 FY26.
GNPA improved by 139 bps YoY to 2.25%, while NNPA remains low at 0.36%.
Post-IPO Net Worth stands at ₹2,245 Cr (+107% YoY) with a strong CRAR of 40.2%.
Unsecured Personal Loans dominate the mix at 92.3% of AUM (₹7,384 Cr).
👀 What to Watch
Watch for the execution of the secured lending strategy (LAP), which is expected to accelerate from the current 7.7% of AUM, and monitor if GNPA remains stable as the book scales.
59% PAT Growth and ₹8,001 Cr AUM: KISSHT Q1 FY2027 Investor Presentation
KISSHT (OnEMI Technology) reported a strong Q1 FY2027 with Profit After Tax (PAT) rising 59% YoY to ₹95 crore. Assets Under Management (AUM) crossed the ₹8,000 crore milestone, representing 61% YoY growth, driven by its digital-first lending platform. Asset quality remains healthy with GNPA at 2.25%, a 139 bps improvement YoY, while the company maintains a robust Capital Adequacy Ratio of 40.19% following its May 2026 listing. The company is successfully diversifying into secured lending, with Loan Against Property (LAP) now comprising 7.7% of AUM.
Confidence: HIGH
What changedThis is the first major investor presentation post-listing (May 2026), showing a significant capital infusion and continued high-growth momentum in both AUM and profitability.
Why it mattersThe results validate the company's ability to scale its digital lending model while improving asset quality and diversifying into secured assets to reduce risk.
Assets Under Management (AUM): ₹8,001 crProfit After Tax (Q1): ₹95 crGross NPA: 2.25%Capital Adequacy Ratio: 40.19%Return on Avg Equity (RoAE): 21.2%Debt-to-Equity Ratio: 0.91x
📅 Short termThe stock is likely to react positively to the strong AUM growth and high profitability margins reported in the first quarter post-listing.
📈 Long termThe structural shift toward a higher mix of secured LAP (targeting MSMEs) and reduced cost of borrowings could lead to more stable, long-term earnings compounding.
⚠ Risk flags
- High concentration in unsecured personal loans (92.3% of AUM)
- Slight sequential increase in GNPA (13 bps)
- High reliance on off-book lending partners (53.6% of AUM)
Key Highlights
AUM reached ₹8,001 crore, growing 61% YoY and 13% sequentially from March 2026.
Profit After Tax (PAT) grew 59% YoY to ₹95 crore, maintaining a high RoAE of 21.2%.
GNPA improved to 2.25% from 3.64% in June 2025, though it rose 13 bps from March 2026.
Net Worth surged 107% YoY to ₹2,245 crore, significantly lowering Debt-to-Equity to 0.91x.
Secured LAP portfolio grew to ₹617 crore, now representing 7.7% of total AUM versus 2.5% a year ago.
👀 What to Watch
Watch for the continued scale-up of the secured LAP portfolio and whether the company can maintain its 5% RoAAUM as it shifts away from high-yield unsecured personal loans.
KISSHT Appoints Secretarial Auditor for 5-Year Term and Approves Q1 FY27 Results
OnEMI Technology Solutions (KISSHT) approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The statutory auditors issued an unmodified opinion, suggesting no major accounting discrepancies were identified during the limited review. Additionally, the board appointed Ms. Ramadevi Satish Venigalla as the Secretarial Auditor for a five-year tenure from FY 2026-27 to FY 2030-31. The meeting was conducted efficiently, lasting exactly one hour from 06:15 p.m. to 07:15 p.m.
Confidence: HIGH
What changedThe company has completed its quarterly financial review and secured long-term secretarial audit oversight through 2031.
Why it mattersRegular financial reporting with unmodified auditor opinions maintains market transparency, while a long-term auditor appointment ensures continuity in governance compliance.
Quarter ended: June 30, 2026Auditor Tenure: 5 yearsMeeting Duration: 1 hourAudit Opinion: Unmodified
📅 Short termThe stock may see routine movement as the market processes the Q1 FY27 financial performance details.
📈 Long termLimited structural impact; the 5-year auditor appointment is a standard governance measure.
Key Highlights
Board approved Unaudited Financial Results for the quarter ended June 30, 2026
Statutory Auditors issued an unmodified opinion on the financial results
Appointment of Ms. Ramadevi Satish Venigalla as Secretarial Auditor for a 5-year term
Secretarial Auditor tenure spans from financial year 2026-27 until 2030-31
Board meeting concluded within 60 minutes (06:15 p.m. to 07:15 p.m.)
👀 What to Watch
Investors should examine the detailed financial statements for Q1 FY27 to evaluate the company's loan book growth and asset quality trends.
OnEMI Technology (KISSHT) Appoints Secretarial Auditor; Reports Q1 Results & ₹850 Cr IPO Fund Status
OnEMI Technology Solutions (KISSHT) approved its Q1 FY27 results with an unmodified audit opinion from Chokshi & Chokshi LLP. The company confirmed that the ₹850 crore raised via its May 2026 IPO has seen zero deviation in fund utilization as of June 30, 2026. Additionally, the board appointed Ms. Ramadevi Satish Venigalla as Secretarial Auditor for a five-year term (FY27-FY31). Subsidiary performance for the quarter was notable, with combined revenues of ₹464.3 crore and a net profit of ₹43.6 crore.
Confidence: HIGH
What changedThe company has formalized its secretarial audit oversight for the next five years and provided the first post-IPO quarterly update on fund utilization.
Why it mattersFor a recently listed credit services firm, maintaining clean audit opinions and transparent fund utilization is critical for building institutional investor trust.
IPO Fresh Issue Amount: ₹8500.00 millionSubsidiary Revenue (Q1 FY27): ₹4643.00 millionSubsidiary Net Profit (Q1 FY27): ₹436.27 millionSecretarial Auditor Term: 5 years
📅 Short termThe stock may react to the Q1 earnings performance; the unmodified audit opinion and clear fund utilization report are positive administrative signals.
📈 Long termThe structural significance lies in the successful deployment of the ₹850 crore capital base to drive loan book growth over the coming years.
Key Highlights
Raised ₹850.00 crore through a fresh issue on May 8, 2026, with no deviations in fund usage reported for Q1.
Subsidiaries reported total revenue of ₹464.30 crore for the quarter ended June 30, 2026.
Consolidated net profit from subsidiaries stood at ₹43.63 crore for the same period.
Ms. Ramadevi Satish Venigalla appointed as Secretarial Auditor for a 5-year term until FY 2030-31.
Statutory auditors issued an unmodified opinion on the standalone and consolidated financial results.
👀 What to Watch
Investors should monitor the quarterly deployment of the ₹850 crore IPO proceeds to ensure capital is being channeled into high-yielding credit assets as planned.
KISSHT Q1 Results: Rs 850 Cr IPO Proceeds Utilized Without Deviation; New Auditor Appointed
OnEMI Technology Solutions (KISSHT) reported its Q1 FY27 results, highlighting the performance of its key subsidiaries which contributed Rs 464.3 crore in revenue and Rs 43.6 crore in net profit. The company confirmed that the Rs 850 crore raised via its IPO on May 8, 2026, has been utilized according to the objects of the issue with zero deviation. Additionally, the board has appointed Ms. Ramadevi Satish Venigalla as the Secretarial Auditor for a five-year term (FY27-FY31). The statutory auditors issued an unmodified opinion on the financial results, indicating no major accounting concerns.
Confidence: HIGH
What changedThe company has completed its first full quarter post-IPO, confirming the deployment of Rs 850 crore in capital and strengthening its governance with a long-term secretarial auditor appointment.
Why it mattersFor a credit services company, the transparent utilization of IPO proceeds is vital for building investor trust and providing the necessary capital to expand its lending book and technology platform.
IPO Proceeds Raised: Rs 850.00 crSubsidiary Revenue (Q1): Rs 464.30 crSubsidiary Net Profit (Q1): Rs 43.63 crDeviation in Fund Use: 0%Auditor Appointment Term: 5 years
📅 Short termThe stock may see neutral to slightly positive sentiment as the company confirms clean fund utilization and steady subsidiary performance following its recent listing.
📈 Long termThe infusion of Rs 850 crore provides a significant capital base for long-term growth in the credit services industry, though structural success depends on maintaining asset quality while scaling.
⚠ Risk flags
- High reliance on subsidiary performance (Si Creva Capital Services)
- Execution risk in deploying large IPO capital effectively
Key Highlights
Raised Rs 850.00 crore through a fresh public issue on May 8, 2026
Subsidiaries reported total revenue of Rs 464.30 crore for the quarter ended June 30, 2026
Subsidiaries generated a net profit after tax of Rs 43.63 crore for the same period
Zero deviation reported in the utilization of IPO proceeds as of June 30, 2026
Appointment of Secretarial Auditor for a 5-year term ending in FY 2030-31
👀 What to Watch
Investors should monitor the full consolidated financial statements to compare Q1 FY27 growth against the March 2026 quarter revenue of Rs 619 crore to assess post-IPO scaling efficiency.
KISSHT Q1 Results: Subsidiary Revenue at Rs 464.3 Cr; No Deviation in Rs 850 Cr IPO Funds
OnEMI Technology Solutions (KISSHT) reported its Q1 FY27 results, highlighting subsidiary revenue of Rs 464.3 crore and a net profit of Rs 43.6 crore. The company confirmed that the Rs 850 crore raised through its fresh IPO issue on May 8, 2026, has seen zero deviation in utilization as of June 30, 2026. Additionally, the board appointed a new Secretarial Auditor for a five-year term starting FY27. These results follow a strong March 2026 quarter where standalone revenue was Rs 619 crore.
Confidence: HIGH
What changedThis filing represents the first full quarterly financial reporting post-IPO and provides a formal status update on the utilization of IPO proceeds.
Why it mattersIt confirms management's adherence to the stated objects of the IPO and provides early performance data for the company's key credit-service subsidiaries.
IPO Fresh Issue: Rs 8500.00 millionSubsidiary Revenue (Q1): Rs 4643.00 millionSubsidiary Net Profit (Q1): Rs 436.27 millionIPO Date: 08-May-26
📅 Short termThe stock is likely to remain stable as the results show steady subsidiary performance and clean compliance regarding IPO fund usage.
📈 Long termThe structural growth will depend on how effectively the Rs 850 crore IPO capital is deployed to scale the credit services business over the coming quarters.
⚠ Risk flags
- Comparative figures for June 2025 were neither audited nor reviewed
- Subsidiary figures are provided before consolidation adjustments
Key Highlights
Subsidiary revenue (before consolidation) stood at Rs 4643.00 million for the quarter ended June 30, 2026
Subsidiary net profit (before consolidation) was Rs 436.27 million for the same period
Total funds raised via fresh IPO issue on May 8, 2026, amounted to Rs 8500.00 million
Zero deviation reported in the utilization of IPO proceeds as confirmed by the monitoring agency
Appointment of Ms. Ramadevi Satish Venigalla as Secretarial Auditor for a 5-year term (FY27-FY31)
👀 What to Watch
Monitor the full consolidated financial statements to assess if the post-IPO growth momentum is sustaining relative to the Rs 619 crore revenue reported in March 2026.
KISSHT Subsidiary Receives AMFI Registration Number (ARN) Valid Until 2029
OnEMI Technology Solutions Limited (KISSHT) has announced that its wholly-owned subsidiary, Invincible Minds Private Limited, received its AMFI Registration Number (ARN) on July 14, 2026. This registration allows the subsidiary to operate as a mutual fund distributor, diversifying the company's fintech offerings. The ARN is valid for a three-year period from July 13, 2026, to July 12, 2029. This follows the recent incorporation of the subsidiary on June 17, 2026.
Confidence: HIGH
What changedThe company's subsidiary has transitioned from a newly incorporated entity to a licensed mutual fund distributor.
Why it mattersThis allows KISSHT to expand its fintech ecosystem beyond lending into wealth management, creating a new stream of non-interest, fee-based revenue.
ARN Validity Start: July 13, 2026ARN Validity End: July 12, 2029Subsidiary Ownership: 100%Incorporation Date: June 17, 2026
📅 Short termNeutral to slightly positive as the market acknowledges the company's expansion into broader financial services.
📈 Long termStructurally positive as it builds a more diversified fintech platform, though the financial impact will depend on the scale of customer acquisition for mutual fund products.
⚠ Risk flags
- Execution risk in a highly competitive mutual fund distribution market
Key Highlights
Wholly-owned subsidiary Invincible Minds Private Limited received ARN on July 14, 2026
Registration is valid for a 3-year term from July 13, 2026, to July 12, 2029
Subsidiary was incorporated on June 17, 2026, showing rapid regulatory progress
Enables the company to enter the mutual fund distribution business
👀 What to Watch
Monitor upcoming quarterly results for updates on the launch of mutual fund distribution services and its impact on fee-based income.
60.9% AUM Growth to ₹8,001 Cr in Q1FY27 for KISSHT (OnEMI Technology)
KISSHT (OnEMI Technology) reported a robust 60.9% YoY growth in Assets under Management (AUM), reaching ₹8,001 Cr as of June 30, 2026. Quarterly disbursements rose 37.1% YoY to ₹3,812 Cr, supported by a 33.1% expansion in the registered user base to 74.60 Mn. A significant strategic shift is visible in the product mix, with Loan Against Property (LAP) increasing to 7.7% of AUM from 2.5% a year ago. The company added 0.50 Mn new customers during the quarter, bringing the cumulative total to 12.25 Mn.
Confidence: HIGH
What changedThe company has significantly scaled its lending operations, growing AUM by over ₹3,000 Cr in one year while aggressively increasing its exposure to secured LAP loans.
Why it mattersThe 60.9% AUM growth indicates strong market penetration in the mass market segment, while the shift toward LAP suggests a strategy to improve portfolio security and potentially increase loan tenures.
AUM (June 30, 2026): ₹8,001 CrAUM Growth (YoY): 60.9%Q1FY27 Disbursements: ₹3,812 CrLAP Portfolio Mix: 7.7%Registered User Base: 74.60 Mn
📅 Short termThe strong provisional growth numbers are likely to be viewed positively by the market in the coming weeks, reflecting high operational momentum.
📈 Long termIf the company successfully manages credit costs while scaling at 60%+, it could structurally re-rate as a major digital-first NBFC; the shift to LAP is a key long-term diversification play.
⚠ Risk flags
- Rapid AUM growth (60.9%) may lead to future asset quality pressure
- Execution risk in scaling the LAP segment
- Provisional data subject to audit
Key Highlights
Assets under Management (AUM) grew 60.9% YoY to ₹8,001 Cr, with a sequential QoQ increase of 13.2%.
Overall disbursements for Q1FY27 stood at ₹3,812 Cr compared to ₹2,780 Cr in the previous year.
Loan Against Property (LAP) portfolio mix increased to 7.7% of AUM, up from 2.5% in June 2025.
Registered user base expanded to 74.60 Mn, representing a 33.1% YoY growth.
Cumulative customers served reached 12.25 Mn, with 0.50 Mn new customers added in Q1FY27.
👀 What to Watch
Investors should monitor the upcoming full quarterly results to assess if this rapid AUM growth is accompanied by stable asset quality (GNPA/NNPA) and how the increased LAP mix impacts net interest margins.
OnEMI Technology (KISSHT) Incorporates New Subsidiary with ₹9 Crore Investment
OnEMI Technology Solutions Limited (KISSHT) has incorporated a Wholly Owned Subsidiary (WOS) named Invincible Minds Private Limited on June 17, 2026. The company is investing ₹9,00,00,000 (₹9 Crores) in cash to subscribe to 90,00,000 equity shares at ₹10 each. This new entity will focus on non-lending business activities and allied financial services, aligning with the strategic expansion plans outlined in the company's prospectus. The incorporation received official certification from the Registrar of Companies, Mumbai, on June 18, 2026.
Key Highlights
Incorporated 'Invincible Minds Private Limited' as a 100% Wholly Owned Subsidiary.
Total cash consideration of ₹9,00,00,000 for 90,00,000 equity shares at face value.
The subsidiary will operate in the Financial Services sector, specifically targeting non-lending activities.
Strategic move to diversify revenue streams as per the company's long-term growth initiative.
Certificate of Incorporation received from the Ministry of Corporate Affairs on June 18, 2026.
👀 What to Watch
Investors should view this as a positive step toward business diversification beyond core lending. Monitor future quarterly results for the subsidiary's operational progress and its impact on consolidated margins.
Kissht FY26 AUM Surges 73% to ₹7,066 Cr; PAT Jumps 75% with Improving Asset Quality
OnEMI Technology Solutions (Kissht) reported a stellar FY26 performance in its first post-listing earnings call, with AUM growing 73% YoY to ₹7,066 crore and PAT rising 75% to ₹281 crore. Asset quality showed marked improvement as GNPA fell to 2.12% from 2.89%, while maintaining a high RoA of 5% and RoE of 24%. The company is successfully diversifying into secured lending (LAP), which now constitutes 7.3% of the total book, supported by a robust capital adequacy of 25.3%.
Key Highlights
AUM grew 73% YoY to ₹7,066 crore, driven by 11.76 million unique customers and a 19% QoQ expansion.
Net Profit (PAT) for FY26 increased 75% YoY to ₹281 crore, with a healthy 86% Provision Coverage Ratio (PCR).
Asset quality improved significantly with GNPA reducing by 77 bps to 2.12% and Net NPA at a low 0.29%.
Secured Loan Against Property (LAP) business scaled to ₹518 crore across 98 branches in 8 states.
Successfully raised ₹850 crore via IPO to further bolster on-book capital and AI technology infrastructure.
👀 What to Watch
Investors should take note of the company's ability to maintain high growth while simultaneously improving asset quality and risk separation. The stock remains a strong play on digital lending with a transition towards a balanced secured-unsecured portfolio.
Kissht FY26 Results: PAT Surges 75% to ₹281 Cr, AUM Crosses ₹7,000 Cr Milestone
OnEMI Technology Solutions (Kissht) reported a stellar FY26 performance with PAT growing 75% YoY to ₹281 crore and AUM rising 73% to ₹7,066 crore. The company demonstrated strong operational efficiency with a RoAE of 23.97% and a RoAAUM of 5.05%. Asset quality improved significantly, with GNPA reducing by 77 bps YoY to 2.12%. Management has guided for 40%+ AUM growth in FY27, focusing on increasing the secured loan mix and reducing impairment costs.
Key Highlights
AUM increased 73% YoY to ₹7,066 crore; LAP segment reached ₹518 crore (7.3% of mix)
Net Profit (PAT) rose 75% YoY to ₹281 crore on total income of ₹2,209 crore
GNPA improved to 2.12% from 2.89% YoY, with a high Provision Coverage Ratio (PCR) of 86.15%
Active customer base grew 71% YoY to 3.25 million, supported by AI-led underwriting
Capital position remains strong with a Net Worth of ₹1,343 crore and CAR of 25.28%
👀 What to Watch
The company shows high growth momentum and improving asset quality; investors should monitor the successful execution of the 40% AUM growth guidance and the scaling of the secured LAP portfolio in FY27.
Kissht FY26 PAT Jumps 75% to ₹281 Cr; AUM Crosses ₹7,000 Cr Milestone
OnEMI Technology Solutions (Kissht) reported a strong set of results for FY26, its first as a listed entity, with PAT growing 75% YoY to ₹281 Cr. Assets Under Management (AUM) surged 73% YoY to reach ₹7,066 Cr, driven by digital personal loans and a scaling Loan Against Property (LAP) portfolio. Asset quality showed significant improvement with GNPA dropping to 2.12% from 2.90% in the previous quarter. The company has successfully infused ₹637 Cr from its recent IPO proceeds into its NBFC subsidiary to fuel FY27 growth targets of 40%+
Key Highlights
FY26 Profit After Tax (PAT) increased by 75% YoY to ₹281 Cr with a healthy RoAE of 23.97%
AUM grew 73% YoY to ₹7,066 Cr, with the secured LAP segment increasing its share to 7.3% of the mix
Asset quality improved sharply with GNPA at 2.12% (down 78 bps QoQ) and NNPA at a low 0.29%
Management provided FY27 guidance of 40%+ AUM growth and RoAE in the 19-21% range
Capital adequacy remains strong with CRAR at 25.28% prior to the full impact of the ₹850 Cr IPO proceeds
👀 What to Watch
Investors should take confidence in the strong post-listing performance and the significant improvement in asset quality metrics. The stock remains a growth play in the digital lending space with a clear roadmap for 40% AUM expansion in the coming year.
OnEMI Tech (Kissht) Seeks Shareholder Approval for ESOP Plan Amendments and Ratifications
OnEMI Technology Solutions (Kissht) has issued a postal ballot notice to seek shareholder approval for amending and ratifying its ESOP plans from 2019, 2021, and 2022. These resolutions aim to align the existing plans with SEBI (Share Based Employee Benefit and Sweat Equity) Regulations, 2021, following the company's IPO. The company also intends to ratify the extension of stock option grants to employees of its subsidiaries and associate companies globally. Shareholders can cast their votes electronically between May 29 and June 27, 2026.
Key Highlights
Seeking ratification and amendment of Kissht ESOP Plans for the years 2019, 2021, and 2022
Proposed extension of ESOP grants to eligible employees of group, subsidiary, and associate companies
Alignment of pre-IPO ESOP schemes with SEBI (SBEB & SE) Regulations, 2021
Remote e-voting period scheduled from May 29, 2026, to June 27, 2026
Cut-off date for determining shareholder eligibility is May 22, 2026
👀 What to Watch
Investors should review the potential equity dilution resulting from these ESOP plans and participate in the e-voting process to express their stance on management compensation structures.
OnEMI Tech (KISSHT) FY26 Net Profit at ₹1,482M; Board Approves New Wholly Owned Subsidiary
OnEMI Technology Solutions (KISSHT) reported its FY26 consolidated financial results, highlighted by its key subsidiary Si Creva Capital Services generating a net profit of ₹1,482.37 million on revenue of ₹15,413.26 million. The Board has approved the incorporation of a new wholly owned subsidiary to further expand its business operations. Additionally, the company is seeking shareholder approval via postal ballot to amend and extend its ESOP plans (2019, 2021, 2022) to include employees of group and associate companies. The statutory auditors have issued an unmodified opinion on the financial statements.
Key Highlights
Main subsidiary Si Creva Capital Services reported FY26 revenue of ₹15,413.26 million.
Consolidated net profit for the primary subsidiary stood at ₹1,482.37 million for the full year.
Board approved the incorporation and investment in a new Wholly Owned Subsidiary (WOS).
Total assets for the group's lending subsidiary reached ₹37,300.10 million as of March 31, 2026.
Proposed extension of ESOP benefits to employees of subsidiary and associate companies.
👀 What to Watch
Investors should view the strong profitability of the lending subsidiary as a positive indicator of business health. Monitor the specific sector focus of the new subsidiary and the potential equity dilution from the expanded ESOP plans.
KISSHT FY26 Net Profit Hits ₹1,482 Million; Board Approves New Subsidiary and ESOP Changes
OnEMI Technology Solutions (KISSHT) reported strong annual performance for FY26, with its key subsidiary, Si Creva Capital Services, generating a total revenue of ₹15,413.26 million and a net profit of ₹1,482.37 million. The Board has approved the incorporation of a new Wholly Owned Subsidiary to further its expansion strategy. Additionally, the company is seeking shareholder approval via postal ballot to amend and ratify its ESOP plans from 2019, 2021, and 2022 to include eligible employees of group companies. The statutory auditors have issued an unmodified opinion on the financial results, indicating healthy accounting practices.
Key Highlights
Key subsidiary Si Creva Capital Services reported FY26 revenue of ₹15,413.26 million.
Annual net profit for the primary subsidiary reached ₹1,482.37 million for the year ended March 31, 2026.
Total assets for the subsidiary stood at ₹37,300.10 million as of year-end.
Board approved the incorporation of and investment in a new Wholly Owned Subsidiary.
Proposed ratification and extension of ESOP plans (2019, 2021, 2022) to group and associate company employees.
👀 What to Watch
Investors should view the consistent profitability and expansion into a new subsidiary as positive growth indicators. Monitor the upcoming postal ballot for details on ESOP dilution and the specific business objectives of the new subsidiary.
KISSHT to Invest ₹637.50 Crore in Subsidiary Si Creva Capital via IPO Proceeds
OnEMI Technology Solutions (KISSHT) has approved a significant investment of ₹637.50 crore into its wholly-owned subsidiary, Si Creva Capital Services. This investment is being funded through the fresh issue proceeds of the company's recent IPO, as per the objects stated in the offer document. The capital will be used to augment the capital base of Si Creva, a Middle Layer NBFC, to support its future business growth. Si Creva reported a turnover of ₹1,092.48 crore for FY 2024-25, highlighting its scale within the group's operations.
Key Highlights
Investment of ₹637.50 crore through subscription of 30 lakh equity shares on a rights basis.
Shares acquired at a price of ₹2,125 each, including a premium of ₹2,115 per share.
Utilization of net proceeds from the fresh issue portion of the company's IPO.
Si Creva's net worth stood at ₹858.98 crore with a turnover of ₹1,092.48 crore in FY 2024-25.
The move aims to strengthen the subsidiary's capital adequacy to drive future lending growth.
👀 What to Watch
This is a planned deployment of IPO funds that strengthens the group's core lending arm; investors should monitor Si Creva's subsequent loan book growth. The capital infusion is a positive sign of management executing on its stated IPO objectives.
