The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Onix Renewable Ltd<BR>
Awaiting price reaction for this filing.
Onix Renewable Limited, which is NOT part of the promoter/promoter group, has acquired 1,85,13,885 equity shares (90.34%) of Onix Solar Energy Limited through a preferential allotment dated 13/10/2025. This increases Onix Renewable's stake from 14.29% (2,82,942 shares) to 91.72% (1,87,96,827 shares). The company's total equity share capital has expanded sharply from 19,80,000 shares to 2,04,93,885 shares of Rs.10 each. The disclosure is filed under Regulation 29(2) of SEBI Takeover Regulations, 2011.
This is effectively a near-complete change of control — a non-promoter entity now owns over 91% of the company after a single preferential allotment, well past the takeover thresholds. Minority shareholders should watch closely for any mandatory open offer, possible delisting, or further corporate actions; stock liquidity and minority shareholder protections may be materially affected.