Onix Solar Energy Limited has notified BSE Limited of a Rights Issue Committee meeting scheduled for Monday, May 11, 2026. The intimation has been filed under Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The company, formerly known as ABC Gas (International) Limited, is in the process of executing a rights issue of equity shares.

Background: Board Approval of Rights Issue

The Rights Issue Committee meeting follows a Board of Directors meeting held on Friday, April 17, 2026, wherein the board approved the issuance of equity shares of face value of ₹10 each by way of a rights issue. The key details of the approved rights issue are outlined below:

The rights issue is being undertaken in accordance with the Companies Act, 2013, as amended, and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, along with other applicable laws.

Agenda for the Rights Issue Committee Meeting

The Rights Issue Committee meeting on May 11, 2026, has been convened to consider, discuss, and decide on various matters in connection with the rights issue. The key agenda items include:

• Determination of the rights issue price and related payment mechanism
• Finalisation of the rights entitlement ratio
• Setting of the record date for the rights issue
• Determination of the timing of the rights issue
• Any other related matters pertaining to the rights issue

Trading Window Closure

In accordance with the company's Code of Conduct for Prevention of Insider Trading, the trading window for trading in the company's equity shares has been closed effective May 06, 2026. The trading window will remain closed until the expiry of 48 hours after the conclusion of the Rights Issue Committee meeting. This closure applies to the company's directors, designated persons, and their immediate relatives.

The intimation has been signed by Piyush Savaliya, Managing Director (DIN: 06464445), on behalf of Onix Solar Energy Limited.

Onix Solar Energy has delivered outstanding financial performance in Q4, demonstrating exceptional growth across key profitability metrics. The solar energy company showcased remarkable operational efficiency with substantial improvements in both earnings and margins during the quarter.

Financial Performance Overview

The company's Q4 results reveal dramatic year-on-year improvements across all major financial parameters. The performance highlights strong business fundamentals and successful execution of strategic initiatives in the renewable energy sector.

EBITDA Performance Analysis

Onix Solar Energy achieved remarkable EBITDA performance with earnings reaching ₹254 million in Q4, compared to ₹6 million in the corresponding quarter of the previous year. The EBITDA margin expanded significantly to 36.16% from 2.57% year-on-year, indicating substantial operational efficiency gains and improved cost management.

Revenue and Profitability Growth

The company generated revenue of ₹702 million in Q4, marking substantial growth from ₹233 million in the year-ago period. Net profit performance was equally impressive, reaching ₹256 million compared to ₹6 million in the previous year's corresponding quarter, demonstrating the company's ability to convert revenue growth into bottom-line profitability.

Business Outlook

The quarterly results position Onix Solar Energy as a strong performer in the renewable energy sector. The company's ability to achieve exceptional growth in revenue, profitability, and operational margins reflects effective business execution and favorable market dynamics for solar energy solutions.