Outcome of the Meeting of Rights Issue Committee.
Awaiting price reaction for this filing.
Onix Solar Energy Ltd has completed its Rights Issue, allotting 45,76,305 fully paid-up equity shares at Rs. 546 per share (face value Rs. 10 + premium of Rs. 536), raising up to Rs. 250 crores. The issue opened on February 26, 2026 and closed on March 6, 2026, with allotment approved by the Rights Issue Committee on March 9, 2026. As a result, the company's paid-up equity capital has increased from Rs. 20.49 crores (2,04,93,885 shares) to Rs. 25.07 crores (2,50,70,190 shares). The entire offered size of 45.76 lakh shares has been fully allotted, indicating the rights issue was subscribed.
The successful completion of the Rs. 250 crore rights issue strengthens the company's capital base and may dilute existing shareholders' holdings by about 22%. The strong premium of Rs. 536 per share suggests the issue price was well above face value, but shareholders will need to assess how the fresh capital is deployed going forward.