Onix Renewable Limited, a promoter entity of Onix Solar Energy Ltd, has reduced its shareholding in the company through an off-market transaction. The entity sold 6,77,340 equity shares on June 10, 2026, for a total consideration of ₹26,07,75,900. This sale has adjusted the promoter's stake in the renewable energy firm to 54.60%, down from a previous holding of 56.4372%.

The disclosure regarding this change in shareholding was submitted to Onix Solar Energy Ltd on June 12, 2026, by Mr. Divyeshkumar Savaliya, Director of Onix Renewable Limited. The filing was made in compliance with Regulation 7(2) of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. Onix Solar Energy Ltd subsequently forwarded this information to BSE Limited on the same day.

Transaction Details

The off-market transfer involved the sale of equity shares, resulting in a decrease in the total number of shares held by the promoter group. Prior to the transaction, Onix Renewable Limited held 2,08,07,237 shares, which accounted for 56.4372% of the company's equity. Post-disposal, the entity retains 2,01,29,897 shares.

Regulatory Compliance

The transaction and subsequent disclosure adhere to the regulatory framework governing insider trading. The intimation to the company was received on June 12, 2026, ensuring transparency regarding the change in ownership structure. There were no trades reported in the derivatives segment by the promoter entity during this period.

Onix Solar Energy Limited has allotted 1,17,97,736 fully paid-up equity shares at ₹51 per share, raising ₹6016.85 Lakhs through a rights issue. The Rights Issue Committee approved the allotment on June 02, 2026, following the issue's closure on June 01, 2026. The shares were issued to eligible shareholders and renouncees at a face value of ₹10 each, including a premium of ₹41 per share.

The rights issue opened on May 25, 2026, and was managed in consultation with MUFG Intime India Private Limited, the Registrar to the Issue. BSE Limited, the designated stock exchange, approved the basis of allotment. The issue was approved by the board on April 17, 2026, with the record date and other terms finalized on May 11, 2026.

Pursuant to the allotment, the company's paid-up equity share capital increased from ₹25,07,01,900 to ₹36,86,79,260. The number of equity shares rose from 2,50,70,190 to 3,68,67,926. The Rights Issue Committee meeting commenced at 6:50 p.m. IST and concluded at 7:05 p.m. IST on June 02, 2026.

Share Capital Details

The rights issue was priced at ₹51 per share, including a premium of ₹41 per share. The allotment was finalized in accordance with the Letter of Offer dated May 11, 2026. The company's managing director, Piyush Savaliya, signed the intimation to BSE Limited.

The company has published the basis of allotment in compliance with Regulation 92(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirement Regulations, 2018. The advertisement was published on June 04, 2026, in the print and electronic versions of Jansatta Hindi, Financial Express English, and Mumbai Lakshdeep Marathi. A copy is available on the company website at www.onixsolarenergy.com .