Abhishek Ashvinbhai Kamdar has reduced his shareholding in onix solar energy by 3.42% through an open market transaction conducted on July 6, 2026. The disclosure was submitted to BSE Limited in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. This reduction impacts the promoter group structure, as the acquirer was previously identified as part of the promoter group, though the filing clarifies the acquirer does not currently belong to the promoter or promoter group category.

The transaction involved the sale of 12,62,148 equity shares. Prior to the disposal, the acquirer held a total of 63,36,986 shares, representing a 17.18% stake in the company. Following the sale, the total shareholding has decreased to 50,74,838 shares, which constitutes 13.76% of the total paid-up share capital of Onix Solar Energy Limited. The shares were sold via the open market mechanism.

The equity share capital of Onix Solar Energy Limited remains at Rs. 36,86,79,260, divided into 3,68,67,926 equity shares of Rs. 10 each. The diluted share capital also remains unchanged at this figure. The filing confirms that there are no warrants, convertible securities, or other instruments entitling the acquirer to additional voting rights, nor are there any encumbered shares involved in this transaction.

Shareholding Details

The following table outlines the changes in shareholding for Abhishek Ashvinbhai Kamdar and Abhishek Ashvinbhai Kamdar HUF:

The disclosure was signed and submitted by Abhishek Ashvinbhai Kamdar from Surat on July 6, 2026. The company's equity capital structure remains unaffected by the secondary market sale.

Onix Solar Energy Limited has filed a revised disclosure with BSE Limited under Regulation 31 of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, correcting errors in previously submitted information regarding share encumbrance. The company submitted the revised disclosure on 11/03/2026 to rectify inaccuracies in post-event holding details of encumbered shares.

Share Encumbrance Details

The disclosure relates to the creation of encumbrance by promoter entity Onix Renewable Limited on shares of the target company. The encumbrance was created through a pledge arrangement with HDFC Bank Limited on 26.02.2026 for the purpose of securing borrowing facilities.

Shareholding and Encumbrance Structure

Onix Renewable Limited, the promoter entity, maintains a substantial holding in the target company with specific encumbrance arrangements as detailed in the regulatory filing.

The promoter's total shareholding of 18796848 shares represents 91.72% of both total share capital and diluted share capital. Prior to this transaction, no shares were under encumbrance.

Regulatory Compliance

The revised disclosure was necessitated due to errors in the original submission where post-event holding of encumbered shares were erroneously reported. Managing Director Piyush Savaliya, bearing DIN 06464445, signed the communication to BSE Limited requesting the exchange to take the revised disclosure on record.

The filing includes proper authorization from Onix Renewable Limited through Director Divyeshkumar M. Savaliya (DIN: 06464431), who provided digital signature authentication for the regulatory submission. The company's shares are listed on BSE under scrip code 513119 with scrip ID ONIXSOLAR.