Onix Solar Energy Limited has announced a significant move in the solar energy sector, allotting 1.85 crore equity shares at Rs. 264.00 per share on a preferential basis to Onix Renewable Limited. This strategic allotment is in exchange for acquiring a 99.99% stake in Nexgenix Solar Manufacturing Private Limited.

Key Details of the Transaction

Timeline and Approvals

Impact on Onix Solar's Capital Structure

Strategic Implications

This acquisition marks a significant step for Onix Solar Energy in consolidating its position in the solar manufacturing sector. By acquiring Nexgenix Solar Manufacturing, the company is poised to enhance its manufacturing capabilities and potentially achieve vertical integration in the solar energy value chain.

Reclassification of Onix Renewable Limited

Onix Renewable Limited, initially classified as a non-promoter, will be reclassified as a promoter following the completion of open offer formalities. This reclassification is due to the acquisition of control and management of Onix Solar Energy.

Open Offer Details

As a result of this substantial acquisition, Onix Renewable Limited is required to make an open offer to the public shareholders of Onix Solar Energy. The open offer is for the acquisition of up to 16,27,698 fully paid-up equity shares, representing 6.44% of the emerging voting share capital, at a price of Rs. 264.00 per share.

This strategic move by Onix Solar Energy underscores the company's ambition to strengthen its position in the solar energy market. Investors and stakeholders will be keenly watching how this acquisition unfolds and its impact on the company's future growth trajectory in the renewable energy sector.

Onix Solar Energy Limited, a prominent player in the solar energy sector, has announced significant changes in its compliance team leadership. The company's Board of Directors approved these changes during a meeting held on August 8, 2025, which lasted from 10:30 a.m. to 4:00 p.m.

Resignation of Former Company Secretary

Ms. Padma Tapariya has stepped down from her position as Company Secretary & Compliance Officer of Onix Solar Energy Limited. The board took note of her resignation during the meeting.

Appointment of New Company Secretary

Mr. Lavesh Kumar Gupta has been appointed as the new Company Secretary & Compliance Officer, effective August 8, 2025. Mr. Gupta will also serve as a Key Managerial Personnel (KMP) of the company.

Profile of the New Appointee

Mr. Lavesh Kumar Gupta brings a wealth of experience and qualifications to his new role:

• Associate Member of the Institute of Company Secretaries of India (ICSI)
• Membership Number: A69235
• Three years of experience in secretarial and compliance operations
• Bachelor of Commerce degree

Additional Details

The company has provided further information about Mr. Gupta's appointment:

The appointment of Mr. Gupta is in compliance with Section 203 of the Companies Act, 2013, and Regulations 6 and 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Onix Solar Energy Limited made these announcements in accordance with regulatory requirements. The company's Managing Director, Harpreet Singh (DIN: 09554648), signed off on the official communications.

These leadership changes in the compliance team are expected to ensure continued adherence to regulatory standards and maintain the company's commitment to corporate governance.