Newspaper Advertisement pertaining to Basis of Allotment -Right Issue
Awaiting price reaction for this filing.
Onix Solar Energy Limited has completed the allotment of 1,17,97,736 fully paid-up equity shares under its Rights Issue, as approved by the Rights Issue Committee on 2nd June 2026. The shares have a face value of Rs. 10 each and were issued at Rs. 51 per share (including a Rs. 41 premium), bringing the total issue size to approximately Rs. 60.17 crore. The Letter of Offer was dated 11th May 2026. As required by SEBI regulations, the company published the basis of allotment advertisement on 4th June 2026 in Jansatta (Hindi), Financial Express (English), and Mumbai Lakshdeep (Marathi) newspapers. The filing was signed by Managing Director Piyush Savaliya.
This is a procedural compliance filing confirming the completion of the rights issue allotment. The shares will be credited to eligible shareholders' demat accounts, potentially leading to a short-term dilution and supply pressure on the stock. Shareholders who did not subscribe to their rights entitlement will see their effective stake reduce.