Outcome of the meeting of the Rights Issue Committee of the Board of Directors of Onix Solar Energy Limited
Awaiting price reaction for this filing.
Onix Solar Energy's Rights Issue Committee finalised terms of its ₹250 crore rights issue on February 12, 2026. The company will issue up to 45,76,305 equity shares of ₹10 face value at a price of ₹546 per share (including a ₹536 premium). Eligible shareholders can subscribe in the ratio of 23 rights shares for every 103 shares held on the record date of Wednesday, February 18, 2026. The issue opens on February 26, 2026 and closes on March 6, 2026. If fully subscribed, the share count will rise from about 2.05 crore to 2.51 crore equity shares.
Existing shareholders will get a chance to maintain their stake by subscribing to their rights entitlement; if they do not subscribe (and do not sell the rights), their holding will be diluted. The rights entitlement can be traded on market between February 19 and March 5, 2026.