Allotment of 45,76,305 fully paid-up equity shares pursuant to the Right Issue
Awaiting price reaction for this filing.
Onix Solar Energy Ltd has completed its Rights Issue, allotting 45,76,305 fully paid-up equity shares of face value Rs. 10 each at Rs. 546 per share, aggregating up to Rs. 250 crores. The issue opened on February 26, 2026 and closed on March 6, 2026. Following this allotment, the company's paid-up equity share capital has risen from Rs. 20.49 crore (2.04 crore shares) to Rs. 25.07 crore (2.50 crore shares), representing a roughly 22% increase in share count. The issue was fully subscribed and the allotment was approved by BSE as the designated stock exchange and processed via MUFG Intime India as the registrar.
The successful completion of the Rs. 250 crore Rights Issue strengthens the company's capital base and adds fresh funds for business use. Shareholders will see a dilution of around 22% in their holding if they did not subscribe, while those who subscribed maintain their proportional stake at the Rs. 546 per share price.