Dear Sir / Madam, With reference to the captioned subject, we wish to inform your good office that the Board of Directors of the Company, at their meeting held today i.e., Friday, 16th ....
Awaiting price reaction for this filing.
The Board of Directors of Onix Solar Energy Ltd, at a meeting held on 16 January 2026, approved an increase in the company's authorized share capital from Rs. 27 crores to Rs. 47 crores, subject to shareholder approval. The Board also approved a Postal Ballot notice seeking shareholder approval for this capital increase, regularization of two Additional Directors (Mr. Naman Viradiya and Mr. Hardik Adhiya) as Non-Executive Directors, and the appointment of Mr. Piyush Savalia as Managing Director. A practicing company secretary has been appointed as scrutinizer for the e-voting postal ballot process. The meeting lasted from 4:00 PM to 4:30 PM.
This is an administrative/corporate governance update with no immediate financial impact. The authorized capital increase suggests the company may be planning a future fundraising or equity issuance, but no specific issue or quantum was disclosed. Shareholders will have voting rights via postal ballot on these matters.