Appointment of Mr. Sagar Limbad as CFO of the Company
Awaiting price reaction for this filing.
On 21 May 2025, the Board of Onix Solar Energy Ltd approved two key leadership appointments. Mr. Harpreet Singh was appointed as Managing Director for a five-year term (till 20 May 2030), 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 and Thermax Group. Separately, Mr. Sagar Sureshbhai Limbad was appointed as Chief Financial Officer with immediate effect. He is an M.Com with more than 7 years of experience in finance and accounting. Neither appointee holds shares in the company nor is related to existing directors or promoters. The board meeting concluded in 40 minutes.
The company is filling two top leadership positions simultaneously, bringing in a seasoned industry professional as MD and a finance specialist as CFO. For shareholders, this signals a fresh management setup aimed at strengthening both operations and financial controls, though shareholder approval is still pending for the MD appointment.