The Exchange has received revised Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on March 11, 2026 for Onix Renewable Ltd
Awaiting price reaction for this filing.
Onix Solar Energy Ltd's promoter, Onix Renewable Limited (which holds 91.72% of the company), has submitted a revised disclosure under SEBI's SAST Regulations regarding a pledge of shares. The pledge involves 40,98,777 shares (20% of total share capital) created on February 26, 2026, in favor of HDFC Bank Limited. The purpose of the encumbrance is to secure a borrowing. The company clarified this is a revised filing because the post-event encumbered shareholding was originally reported incorrectly.
The promoter has pledged 20% of the company's total share capital with HDFC Bank to secure a loan, which is a routine fundraising move but introduces a minor risk if borrowing covenants are breached. Shareholders should monitor for any future invocation of this pledge, which could lead to a change in promoter shareholding.