The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Piyushbhai Savaliya
Awaiting price reaction for this filing.
Piyushbhai Savaliya, an individual who is not part of the promoter/promoter group of Onix Solar Energy Limited, has purchased 29,700 equity shares (about 1.50%) of the company from the open market on 15-May-2025. This was his first disclosed acquisition in the company, as his prior holding was nil. The total equity share capital of the company remains unchanged at 19,80,000 shares of Rs. 10 each. The disclosure was filed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The shares are listed on the Bombay Stock Exchange (BSE).
This is a small, non-promoter acquisition representing only around 1.5% of the company's share capital, so it is unlikely to materially affect the stock price or control structure. Retail investors should note the entry of a new individual shareholder, but the small size of the company (under 20 lakh shares outstanding) means even modest future buys could push holdings closer to the 5% disclosure threshold.