Onix Solar Energy Limited Announces Director Resignations and New Appointments
Onix Solar Energy Limited has announced significant changes to its board of directors following a meeting on December 14, 2025. Two directors, Mr. Nikhil Savaliya and Mr. Khilan Savaliya, have resigned effective December 15, 2025, citing personal reasons and professional commitments. The company has appointed two new non-executive directors: Ms. Parulben Jadav, who is building her entrepreneurship journey, and Mr. Deepakkumar Rathod, who brings extensive experience in trading business. Both new directors meet all regulatory requirements and are not related to existing board members. The changes were disclosed under SEBI (LODR) Regulations, 2015.
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Onix Solar Energy Limited has announced major changes to its board of directors following a board meeting held on December 14, 2025. The company, formerly known as ABC Gas International Limited, disclosed both resignations and new appointments under Regulation 30 of SEBI (LODR) Regulations, 2015.
Director Resignations
The board accepted the resignations of two directors, both effective December 15, 2025:
| Director Name | Position | Effective Date | Reason |
|---|---|---|---|
| Mr. Nikhil Savaliya | Director | December 15, 2025 | Personal reasons and professional commitments |
| Mr. Khilan Savaliya | Director | December 15, 2025 | Personal reasons and professional commitments |
Both directors submitted formal resignation letters confirming their decisions were due to preoccupation with other corporate assignments. As per SEBI (LODR) Regulations, 2015 requirements, both directors explicitly confirmed that there are no other material reasons for their resignation beyond personal reasons and other professional commitments.
New Director Appointments
The board simultaneously approved the appointment of two new non-executive directors:
| Director Name | Position | Date of Appointment | Background |
|---|---|---|---|
| Ms. Parulben Jadav | Non-Executive Director | December 14, 2025 | Higher secondary education, building entrepreneurship journey |
| Mr. Deepakkumar Rathod | Non-Executive Director | December 14, 2025 | Bachelor's in Arts, vast experience in trading business |
Director Profiles and Compliance
Ms. Parulben Jadav has completed her higher secondary education and is currently working towards building up her own entrepreneurship journey. She is not related to any of the existing directors of the company and is not debarred from holding the office of director by virtue of any SEBI order or other regulatory authority.
Mr. Deepakkumar Rathod holds a Bachelor's degree in Arts and brings vast experience in trading business to the board. Like Ms. Jadav, he is not related to any existing directors and meets all regulatory compliance requirements for directorship.
Board Meeting Details
The board meeting that approved these changes commenced at 4:00 PM and concluded at 5:30 PM on December 14, 2025. Onix Solar Energy Limited has filed the necessary disclosure with the Bombay Stock Exchange Limited under its scrip code 513119.
These board changes represent a significant transition for Onix Solar Energy Limited as it continues its operations in the energy sector. The company has assured compliance with all regulatory requirements and has attached the resignation letters and director profiles as part of its disclosure to the stock exchange.
Historical Stock Returns for Onix Solar Energy
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.99% | +27.56% | +26.38% | +8.91% | +124.29% | +215.16% |
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