BSEOnix Solar Energy LtdHighNeutral
Announced Wed, 6 May · 20:04 IST

Onix Solar Energy Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/05/2026 ,inter alia, to consider and approve Various matters in connection ....

Fund Raising View source PDF
Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Onix Solar Energy Ltd's Rights Issue Committee will meet on May 11, 2026 to finalize terms for a rights issue of up to Rs. 130 Crore. This follows the Board's earlier approval on April 17, 2026. The meeting will decide on the rights issue price, entitlement ratio, record date, timing, and payment mechanism. The company has also closed its trading window from May 6, 2026 until 48 hours after the meeting concludes, in compliance with insider trading norms.

Likely market impact

Existing shareholders face dilution unless they participate in the rights issue. The Rs. 130 Crore raise could strengthen the company's balance sheet or fund growth initiatives, but the exact use of proceeds is not specified in this filing.