Onix Solar Energy Ltd

AGM details

• Date: 30 September 2026, time 2:00 PM–2:19 PM, mode: VC/OAVM.
• Remote e-voting window: Sep 26 2026 9:00 AM to Sep 29 2026 5:00 PM; AGM e-voting available.

Key resolutions

• Adopt audited financial statements for year ended 31 March 2026 (standalone and consolidated).
• Re-appoint director Naman Viradiya (retiring by rotation).
• Appoint M/s A H Mandaliya & Associates as statutory auditors.
• Regularize Hitesh Bhansali as Independent Director.
• Borrowing powers up to ₹1,000 crore under sec 180(1)(c).
• Loans/guarantees/securities/investments up to ₹1,000 crore under sec 186.

Voting results

• Voting outcomes not disclosed in filing; Scrutinizer report to be disseminated to stock exchange.

Dividends

• No dividend proposed or declared at the AGM.

Director changes

• Naman Viradiya to be re-appointed (retiring by rotation).
• Hitesh Bhansali regularized as Independent Director.

Auditor appointments

• Statutory auditors appointed: M/s A H Mandaliya & Associates.

Onix Solar Energy Ltd — Trading Window Closed from 01 October 2026 till 48 hours after the declaration of Unaudited Financial Results of the Company for the Quarter and half year ended on 30th September, 2026

Key details

• Target Company: Onix Solar Energy Limited.
• Disclosing Party: Abhishek Ashvinbhai Kamdar and HUF; non-promoter PAC.
• Transaction Type: Sale of voting rights in Onix Solar Energy Limited.
• Pre-disposal holdings: Kamdar 28,10,182; HUF 17,686; total 28,27,868 shares (7.67%).
• Shares sold: Kamdar 13,07,295; HUF 17,686.
• Total shares sold: 13,24,981 (3.59% diluted).
• Post-disposal holding: Kamdar 15,02,887; HUF 0.
• Mode of Transaction: Off Market and Open Market.
• Dates: 21 August 2026 to 04 September 2026.
• Equity capital before: Rs 36,86,79,260 in 3,68,67,926 shares.
• Equity capital after: Rs 36,86,79,260 in 3,68,67,926 shares.
• Total diluted capital after: Rs 36,86,79,260 in 3,68,67,926 shares.

Financial highlights

• Standalone revenue from operations FY26: ₹157.21 crore.
• Consolidated revenue from operations FY26: ₹165.42 crore.
• Standalone PAT FY26: ₹30.16 crore.
• Consolidated PAT FY26: ₹31.48 crore.
• Standalone EPS FY26: ₹12.03 per share.
• Consolidated EPS FY26: ₹12.56 per share.
• Dividend for FY25-26 not declared.

Capital structure & funding

• Rights issues raised ₹310.04 crore; second issue ₹60.17 crore.
• Fresh equity funded capacity expansion; debt use minimal.
• Consolidated equity FY26: ₹774.19 crore.

Operations & capacity

• Installed module capacity: 200 MW; utilization around 90%.
• Expansion: 1,200 MW module line under development to 1.4 GW total.
• Two Rajkot plants at Metoda and Shapar Bilyada.

Acquisition & subsidiaries

• Acquired Nexgenix Solar Manufacturing Private Limited (99.99% stake) in Oct 2025.
• Goodwill on consolidation: ₹458.44 crore.

Governance & leadership

• Independent Director Hitesh Kantilal Bhansali appointed from 15 Jul 2026.
• Resignations: Harpreet Singh, Khilan Hareshbhai Savaliya, Nikhil Hareshbhai Savaliya.

Audit, controls & disclosures

• Statutory auditor: A H Mandaliya & Associates; Secretarial auditor: H Togadiya & Associates; Internal auditor: A H Modasiya & Co.
• Secretarial observations: quarterly newspaper publication lapse; ROC filing delays; tracking implemented.

Dividend policy & shareholder matters

• No dividend declared for FY2025-26.
• Shareholder communications and AGM procedures via VC/OAVM.

Risks & outlook

• Key risks: working capital intensity; cell-supply dependency; expansion execution; policy volatility; Rajkot concentration.

AGM Details

• Date, time, and mode: 30 September 2026 at 02:00 PM via VC/OAVM.
• Record date: 23 September 2026; Register closure: 24–30 September 2026.

Key Resolutions

• Ordinary: Adoption of standalone and consolidated financial statements for year ended 31 March 2026.
• Ordinary: Re-appointment of Naman Madhavjibhai Viradiya as Director, retiring by rotation.
• Ordinary: Appointment of M/s A H Mandaliya & Associates as Statutory Auditors for five years.
• Special: Bhansali appointed Independent Director for five years.
• Special: Borrowing powers up to Rs 1,000 crore.
• Special: Loans, guarantees, securities and investments up to Rs 1,000 crore under Section 186.

Voting & Outcomes

• Voting results not disclosed in the notice.

Director Changes

• Naman Madhavjibhai Viradiya to be re-appointed as Director.
• Hitesh Kantilal Bhansali appointed Independent Director for five-year term starting 15 July 2026.

Financing & Investments

• Borrowing powers up to Rs 1,000 crore; terms determined by Board.
• Loans/guarantees/securities/investments up to Rs 1,000 crore under Section 186.

AGM and voting timelines

• Board approves 46th AGM on Sep 30, 2026 at 2:00 PM IST via VC/OAVM.
• Book closure from Sep 24 to Sep 30, 2026 (inclusive).
• Cut-off date for voting eligibility fixed Sep 23, 2026.
• Remote e-voting from Sep 26, 2026 9:00 AM to Sep 29, 2026 5:00 PM IST.

Key governance and AGM actions

• 46th AGM scheduled for Sep 30, 2026 at 2:00 PM via VC/OAVM.
• Notice of AGM approved; to be dispatched with the Annual Report.
• Register of Members and share transfer books to close Sep 24–30, 2026.
• Cut-off date for e-voting fixed Sep 18, 2026.
• Remote e-voting period: Sep 26, 2026 09:00 to Sep 29, 2026 17:00.
• Scrutinizer appointed: Mr. Himansu Togadiya (FCS 11822, CP 18233).
• E-voting and VC facilities arranged with MUFG Intime India; Event No. 260756 allotted.
• Reviewed Statutory Auditor inputs for FY ended Mar 31, 2026; approved changes to financial results and statements.
• Board authorized necessary changes and filings arising from auditor inputs.

Meeting Details

• Board meeting on 7 September 2026; time not disclosed; at the corporate office, Mumbai.

Key Agenda Items

• To approve and fix day, date, time, and venue/mode of the AGM.
• To approve the AGM notice and authorize its dispatch to members.
• To fix the dates for the closure of Register of Members and Share Transfer Books.
• To appoint a scrutinizer for conducting remote e-voting during the AGM.
• To transact any other business with the permission of the Chair.

Other Notes

• Trading window details not disclosed.