Onix Solar Energy Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 17/04/2026 ,inter alia, to consider and approve Update on board meeting-Revised ....
Awaiting price reaction for this filing.
Onix Solar Energy Ltd has scheduled a Board meeting on 17th April 2026 to consider raising funds through issuance of equity shares and/or other permissible securities. The filing mentions rights issue as one of the possible modes, subject to regulatory and statutory approvals. The specific amount and purpose of the fund raise have not been disclosed in this intimation. The company has not specified whether the funds will be used for expansion, debt repayment, or general corporate purposes.
This indicates the company is actively looking to raise capital, which may lead to equity dilution for existing shareholders. The actual impact on stock price will depend on the fundraising size, pricing, and stated use of proceeds once details are finalized.