Onix Solar Energy Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/12/2025 ,inter alia, to consider and approve 1. To increase Authorised ....
Awaiting price reaction for this filing.
Onix Solar Energy Ltd has informed BSE that its Board of Directors will meet on 17th December 2025 to consider, among other things, increasing the company's authorised share capital and raising funds through equity shares, convertible bonds, debentures, convertible warrants, preference shares, or other equity-linked securities. The fund raising may be done via private placement, preferential issue, qualified institutions placement (QIP), or any other permitted mode under applicable laws. The Board will also finalise the notice, date, and venue for an Extra-Ordinary General Meeting (EOGM) to seek shareholder approval for these proposals. The filing is signed by Managing Director Piyush Savaliya on 12th December 2025.
The proposals signal a potential dilution for existing shareholders once approved. Investors should watch for the EOGM outcome and the details of the fund raise, as the pricing, instrument, and size will determine how much value existing shareholders stand to lose or gain. The stock may see increased volatility around the board meeting and EOGM dates.