Newspaper Publication regarding Proposed Right Issue of Fully Paid up Equity Shares of Onix Solar Energy Limited
Awaiting price reaction for this filing.
Onix Solar Energy Ltd has issued newspaper advertisements for its proposed Rights Issue, as required by SEBI regulations. The company plans to issue up to 45,76,305 fully paid-up equity shares with a face value of ₹10 each at a price of ₹54.5 per share (including a ₹53.5 premium), raising up to ₹2,498.63 Lakhs. Eligible shareholders as of the record date (February 18, 2026) can subscribe in the ratio of 23 rights shares for every 103 shares held. The issue opens on February 26, 2026 and closes on March 6, 2026, with on-market renunciation allowed until March 2, 2026. The advertisements appeared in Jansatta (Hindi), Financial Express (English), and Mumbai Lakshdeep (Marathi).
Existing shareholders will need to evaluate whether to subscribe to their entitled rights shares within the short 9-day window. The issue price (₹54.5) is 5.46 times the face value of ₹10, and the stock may react to dilution from the expanded share base. Shareholders who do not act risk their rights entitlements lapsing.