Newspaper Publication of Advertisement pertaining to Basis of Allotment
Awaiting price reaction for this filing.
Onix Solar Energy Ltd has informed the stock exchange about the newspaper publication of the basis of allotment for its recently concluded Rights Issue. The Rights Issue Committee, at its meeting on 9 March 2026, approved the allotment of 45,76,305 fully paid-up equity shares of face value Rs. 10 each at an issue price of Rs. 546 per share (including a premium of Rs. 536 per share). The Letter of Offer for the issue was dated 13 February 2026. The advertisement was published on 10 March 2026 in Jansatta (Hindi), Financial Express (English), and Mumbai Lakshdeep (Marathi), as required under SEBI's ICDR Regulations. The total issue size works out to approximately Rs. 25 crore.
This is a routine post-allotment regulatory disclosure and does not carry a fresh corporate signal. Shareholders should note that 45,76,305 new equity shares have been formally allotted, which will lead to dilution of existing shareholding in proportion to their rights entitlement. The stock may see technical adjustments in the short term due to the expanded share base.