Onix Solar Energy Limited’s Board of Directors has scheduled its 46th Annual General Meeting (AGM) for Wednesday, September 30, 2026. The meeting will address the adoption of FY26 financial statements, director appointments, and significant borrowing powers.

The company notified BSE Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The board meeting took place on September 7, 2026, at the corporate office in Rajkot, Gujarat.

AGM Logistics and Voting Details

The meeting will be conducted through Video Conferencing (VC) or Other Audio Visual Means (OAVM) in compliance with the Companies Act, 2013, and SEBI Listing Regulations.

Key logistical approvals include:

• Register Closure: The Register of Members and Share Transfer Books will remain closed from Thursday, September 24, 2026, to Wednesday, September 30, 2026 (both days inclusive).
• E-voting Cut-off: Members holding shares as on Wednesday, September 23, 2026, are eligible to vote.
• Remote E-voting Period: Voting will open on Saturday, September 26, 2026, at 9:00 am and close on Tuesday, September 29, 2026, at 5:00 pm.
• Scrutinizer: Mr. Himansu Togadiya (FCS No. 11822, CP No. 18233) was appointed as the scrutinizer for the e-voting process.
• Facilities: MUFG Intime India Private Limited (formerly Link Intime India Private Limited) will provide InstaVote e-voting and InstaMeet video conferencing facilities. Event No. 260756 has been allotted for the event.

The board authorized the dispatch of the AGM notice and explanatory statement to members, directors, auditors, and other entitled persons.

Board and Auditor Appointments

The AGM agenda includes several key governance resolutions:

• Re-appointment of Director: Mr. Naman Madhavjibhai Viradiya (DIN: 07862991), who retires by rotation, seeks re-appointment as a Non-Executive Director.
• Appointment of Independent Director: Mr. Hitesh Kantilal Bhansali (DIN: 07772001) will be regularized as a Non-Executive Independent Director for a five-year term from July 15, 2026, to July 14, 2031.
• Statutory Auditors: M/s. A H Mandaliya & Associates, Chartered Accountants (Firm Registration No. 146705W), will be appointed as Statutory Auditors for five consecutive years following a casual vacancy in October 2025.

Financial Powers and Borrowing Limits

Shareholders will vote on special resolutions to enhance the company’s financial flexibility:

• Borrowing Powers: Approval is sought under Section 180(1)(c) of the Companies Act, 2013, to borrow up to ₹1,000 crore. This limit applies apart from temporary loans obtained from bankers in the ordinary course of business.
• Loans, Guarantees, and Investments: Under Section 186 of the Companies Act, 2013, the board seeks approval to extend loans, provide guarantees, or make investments up to an aggregate amount of ₹1,000 crore. This enables support for subsidiaries, associates, and joint ventures.

Review of FY26 Financial Inputs

With the permission of the chairperson, the board considered an additional matter regarding the financial results for the year ended March 31, 2026. The directors reviewed inputs, observations, and suggestions from the statutory auditors concerning these financial statements.

After deliberation, the board took note of changes suggested by the auditors and approved necessary consequential modifications to the financial results. The company authorized key managerial personnel to make required filings and disclosures based on these adjustments.

The meeting commenced at 10:30 am and concluded at 11:30 am. Piyush Mansukhbhai Savaliya, Managing Director, signed the intimation.

Onix Solar Energy promoter Onix Renewable Limited acquired 10,83,000 shares through an open market transaction on August 25, 2026. The acquisition increased the promoter group’s stake by 2.94%, bringing the total holding to 53.75% of the company’s voting capital.

Transaction details

The share acquisition was executed via the open market route, reflecting a direct increase in promoter holding in the company. The details of the transaction are presented below.

Holding pattern

Prior to this transaction, Onix Renewable Limited held 1,87,34,885 shares, representing 50.82% of the total voting capital. Following the acquisition, the promoter’s holding stands at 1,98,17,885 shares, or 53.75%.

Open market acquisitions by promoters are disclosed as part of regulatory reporting requirements under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Such transactions result in a change in the promoter's shareholding in the company.