One Global Service

One Global Service Provider's board approved the proposed acquisition of 51% stakes in Matrix Labs Diagnocare and Matrix Labs, two Chennai-based medical-diagnostics companies. The proposed share-swap consideration totalled ₹39.54 crore and was to be settled through 7,15,040 preferentially issued shares priced at ₹553 each, subject to shareholder and regulatory approvals. MLDPL had reported FY25 turnover of ₹171.30 crore and MLPL ₹8.92 crore; both were to become subsidiaries on completion, with the timetable allowing up to six months. The board also approved Valawat & Associates as internal auditor for FY27 after the resignation of Rushil Soni & Co. on 14 August. One Global had reported FY26 revenue of ₹498.8 crore, with medical equipment and consumables accounting for about 80% and healthcare and IT services about 20%.

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One Global Service Provider approved the acquisition of 51% stakes in Matrix Labs Diagnocare Private Limited and Matrix Labs Private Limited, two Chennai-based medical-diagnostics businesses, for a combined ₹39.54 crore through a share swap. The consideration was to be settled by issuing 7,15,040 shares at ₹553 each, subject to shareholder and other statutory approvals. The company gave an indicative completion period of up to six months, after which both companies would become subsidiaries. Matrix Labs Diagnocare reported FY25 turnover of ₹171.30 crore, while Matrix Labs reported ₹8.92 crore. One Global’s FY26 revenue was ₹498.81 crore, with medical equipment and consumables accounting for about 80% of sales and services making up the remainder.

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One Global Service Provider's board approved the proposed acquisition of 51% stakes in Matrix Labs Diagnocare and Matrix Labs, two Chennai-based diagnostic businesses, for combined consideration of ₹39.54 crore. The proposed consideration was to be settled through a preferential issue of 7,15,040 shares at ₹553 each, subject to shareholder and regulatory approvals, and share-purchase agreements were dated 3 September 2026. MLDPL had FY25 turnover of ₹171.30 crore, while MLPL's turnover rose from ₹2.42 crore in FY23 to ₹8.92 crore in FY25. One Global reported standalone FY26 revenue of ₹498.8 crore, with goods accounting for about 80% and services for 20%.

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One Global Service Provider approved the proposed acquisition of 51% stakes in Matrix Labs Diagnocare and Matrix Labs, two Chennai-based medical-diagnostics companies, subject to shareholder and regulatory approvals. It entered into share-purchase agreements dated 3 September and proposed issuing 715,040 shares at ₹553 each to Mr Suresh and Ms Nithya S as non-cash consideration worth ₹39.54 crore. Matrix Labs Diagnocare reported FY25 turnover of ₹171.30 crore, while Matrix Labs reported ₹8.92 crore. One Global's standalone FY26 revenue was ₹498.81 crore, with healthcare and IT services accounting for about 20% of its sales after the Plus Care Internationals merger.

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One Global Service Provider scheduled a board meeting for 3 September 2026 to consider issuing equity shares or other securities on a preferential basis. Any issue would require applicable regulatory and statutory approvals as well as shareholder approval. The board was also due to consider the notice and schedule for the company's annual general meeting, and the trading window was closed until 48 hours after the meeting. The company reported standalone revenue of ₹498.8 crore and profit after tax of ₹69.5 crore for FY26, with medical-equipment and consumables sales contributing about 80% of revenue and services about 20%.

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Aug 14 (Reuters) - One Global Service Provider Ltd ONEG.BO:

• APPOINTS NIRAJ CHORDIA AS CFO

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Further company coverage: ONEG.BO

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