Appointment of Mr. Harpreet Singh as Managing Director of the Company
Awaiting price reaction for this filing.
Onix Solar Energy Ltd announced key leadership appointments at its board meeting on 21st May 2025. Mr. Harpreet Singh has been appointed as Managing Director (under the professional category) for a five-year term starting 21st May 2025, subject to shareholder approval. He holds a BE in Industrial Engineering and a PG in Supply Chain Management, with over 30 years of experience including senior roles at Siemens India Limited and Thermax Group. In a separate appointment, Mr. Sagar Sureshbhai Limbad was named Chief Financial Officer (CFO) of the company with effect from the same date. Mr. Limbad is an M.Com with more than 7 years of experience in finance and accounting. Neither appointee holds shares in the company, and neither is related to existing directors or promoters.
The simultaneous appointment of a new MD with three decades of corporate experience (Siemens, Thermax) and a new CFO signals a fresh professional management team at Onix Solar Energy, which could be viewed positively by investors looking for experienced leadership. However, shareholder approval is still pending, and both appointees come in without equity stakes, so near-term stock impact may be limited.