One Global Service Provider Ltd
One Global merges Plus Care International; 1,24,38,296 shares approved for trading
M&A
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 18 Mar 2026, 03:27 PM IST · BSE ID: 7393b37b-ee21-4c46-bfe0-b01796bf9503
View Original BSE Filing (PDF)
💡
In Simple Terms
One Global merged with Plus Care International and issued 1.24 crore shares to its former shareholders, which are now approved for stock exchange trading.
🤖 AI Summary
- Plus Care International merged into One Global vide NCLT order dated 25 March 2025
- 1,24,38,296 equity shares issued to Plus Care shareholders under approved scheme
- Sona V Dhawangle (promoter) received 1,18,99,800 shares; public shareholder 1,20,200 shares
- BSE trading approval received 3 March 2026; trading commenced 4 March 2026
- Sanjay Upadhaya reclassified as Promoter Group with 4,22,095 equity shares
🔢 Key Numbers — exact figures from BSE filing, not rounded
Equity shares issued to Plus Care shareholders
1,24,38,296 shares
Shares allotted to promoter Sona V Dhawangle
1,18,99,800 shares
Shares allotted to promoter group member Sanjay Upadhaya
4,18,296 shares (reclassified with 4,22,095 total post-merger)
Shares allotted to public shareholder Jayant Narayan Raghute
1,20,200 shares
NCLT merger order date
25 March 2025
BSE trading approval date
3 March 2026
Trading commencement date
4 March 2026
🏢 How This Affects the Company
Merger integrates Plus Care's business operations into One Global, expanding the consolidated entity's service portfolio and customer base.
Issuance of 1,24,38,296 equity shares dilutes existing shareholding proportionally. Balance sheet reflects consolidated assets and liabilities of merged entity.
Merged entity consolidates Plus Care's operations, workforce, and assets into One Global's structure under unified management.
Promoter shareholding structure shifts with new Promoter Group member Sanjay Upadhaya. Integration execution risk and cultural alignment during post-merger consolidation.
👥 What This Means For Shareholders
✅
Action Required
Shareholders of Plus Care International who received One Global shares should ensure holdings are in demat form and monitor trading execution from 4 March 2026 onwards.
👤
Who Is Affected
Sona V Dhawangle (1,18,99,800 shares — promoter), Jayant Narayan Raghute (1,20,200 shares — public), Sanjay Upadhaya (4,22,095 shares — reclassified as Promoter Group). Existing One Global shareholders face dilution from 1,24,38,296 new shares.
🔍
Management Signal
NCLT merger completion signals management's strategic intent to consolidate Plus Care's operations and customer base into One Global's platform for scale and operational synergies.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Post-merger financial results — track consolidated revenue and EBITDA from Q4 FY26 onwards
Promoter shareholding disclosure — monitor Reg 31 quarterly updates for final stake percentages
Synergy realization — watch for cost savings, cross-selling announcements, or integration milestones
MEDIUM RISK
Significant equity dilution from 1,24,38,296 shares issued. Shareholding discrepancy noted (4,18,296 vs 4,22,095 for Sanjay Upadhaya). Integration execution risk and promoter structure change warrant close monitoring.
💡 Investor Takeaway
One Global issued 1,24,38,296 equity shares to Plus Care shareholders under NCLT-approved merger. Shares received BSE trading approval on 3 March 2026. Promoter Sona V Dhawangle holds 1,18,99,800 shares; Sanjay Upadhaya reclassified as Promoter Group with 4,22,095 shares.
⚖️ Strengths & Concerns
✅ Positives
- NCLT-approved merger provides legal certainty and court-sanctioned scheme execution framework.
- Trading approval from BSE ensures immediate liquidity for issued shares in secondary market.
⚠️ Concerns
- Significant equity dilution: 1,24,38,296 shares issued, exact impact on ownership percent depends on pre-merger share capital.
- Discrepancy in Sanjay Upadhaya shareholding: documents state 4,18,296 shares issued but 4,22,095 shares held post-reclassification — 3,799 share variance unexplained.
📅 Company Track Record
One Global Service Provider Limited (CIN L74110MH1992PLC367633) is a Mumbai-based services company incorporated in 1992. This is the company's first material merger event disclosed on record. Limited public equity track record available.
Based on publicly available historical data. For context only.