Onesource Industries And Ventures Approves ₹52.45 Crore Rights Issue

Board approved rights issue of Rs 1 shares up to 52.45 Cr; price, ratio, record date to be fixed. Also approved agri-marketplace work order and foreign subsidiary LLC. Rights issue subject to regulatory approvals; board formed 4-member Rights Issue Committee to finalise terms. Agri work order awarded to unrelated LCC Infotech for 24-month execution. Issue price, dilution, use of proceeds, record date not disclosed. Work order value and subsidiary capital, geography and timelines not disclosed; dilution and execution risk remain.