Onix Solar Energy Limited has announced further changes to its board of directors, appointing two new non-executive directors in a board meeting held on December 24, 2025. This follows the company's recent board restructuring that saw resignations and appointments earlier in December.

Recent Board Changes Overview

The company previously announced major board changes on December 14, 2025, when it accepted the resignations of Mr. Nikhil Savaliya and Mr. Khilan Savaliya, both effective December 15, 2025, due to personal reasons and professional commitments. Simultaneously, the board appointed Ms. Parulben Jadav and Mr. Deepakkumar Rathod as non-executive directors.

Latest Director Appointments

In the December 24, 2025 board meeting, Onix Solar Energy Limited approved the appointment of two additional non-executive directors:

Director Profiles and Expertise

Mr. Hardik Adhiya

Mr. Adhiya brings extensive renewable energy expertise to the board, holding a PGDBM in International Business from California University. His professional background spans diverse segments of the renewable energy ecosystem, covering solar and wind power, storage solutions, hybrid models, and green hydrogen technologies.

Mr. Naman Viradiya

Mr. Viradiya holds a BE in Electrical Engineering (2017) and contributes seven years of experience in transmission and renewable energy sectors. His technical background aligns with the company's focus on solar energy solutions.

Compliance and Independence

Both newly appointed directors meet all regulatory requirements:

Board Meeting Details

The board meeting approving these appointments was held on December 24, 2025, commencing at 7:30 PM and concluding at 8:30 PM. The company has filed the necessary disclosure with the Bombay Stock Exchange Limited under scrip code 513119, maintaining compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.

These appointments strengthen Onix Solar Energy Limited's board composition with professionals having relevant experience in renewable energy and electrical engineering, supporting the company's strategic direction in the energy sector.

Onix Solar Energy has secured a major order worth ₹148.80 crores from Vikran Engineering for the supply of solar modules. The contract represents a significant business milestone for the company in the renewable energy sector.

Order Details

The comprehensive order details highlight the scale and scope of this business engagement:

Business Impact

This substantial order demonstrates the company's growing presence in the solar energy market and its ability to secure large-scale contracts. The three-month delivery timeline indicates both the urgency of the project requirements and Onix Solar Energy's operational capacity to meet demanding schedules.

Project Timeline

The compressed three-month execution period suggests efficient project management capabilities and established manufacturing processes. This timeline reflects the company's readiness to handle significant volume requirements within tight delivery schedules, positioning it favorably for future large-scale solar projects in the renewable energy sector.