Onix Solar Energy Ltd

Key details

• Target Company: Onix Solar Energy Limited.
• Disclosing Party: Abhishek Ashvinbhai Kamdar and Kamdar HUF; not promoter group.
• Transaction Type: Disposal of voting-rights shares.
• Pre-Transaction Holding: Kamdar 39,71,897; HUF 20,150; total 39,92,047 shares.
• Pre-Transaction: 10.77% Kamdar; 0.05% HUF; total 10.82%.
• Post-Transaction Holding: Kamdar 28,10,182; HUF 17,686; total 28,27,868 shares.
• Post-Transaction: 7.62% Kamdar; 0.05% HUF; total 7.67%.
• Shares Sold: 11,61,715 Kamdar; 2,464 HUF; total 11,64,179.
• Mode: Off Market & On Market.
• Dates: 27 July 2026 to 20 August 2026.
• Equity share capital before/after: ₹36,86,79,260; 3,68,67,926 shares.
• Diluted capital: ₹36,86,79,260; 3,68,67,926 shares; unchanged.

NSE listing admission

• ONIXSOLAR admitted to NSE Capital Market trading from 17 August 2026.
• Trading symbol ONIXSOLAR; EQ security; market lot 1.
• NSE circular 1355/2026 dated 14 August 2026.
• NSE Annexure lists ONIXSOLAR (EQ) with market lot 1.

Issue Overview

• Type and securities: Right issue of Equity Shares.
• Total issue size: disclosure indicates no undersubscription.
• Main uses: investment in a green energy project company; general corporate purposes; issue-related expenses.

Utilisation of Proceeds

• Utilisation as disclosed: per offer document; no deviation observed.
• Deviations and means of finance: none; means of finance unchanged.
• Object: investment in a green energy project company utilised close to the proposed amount.
• GCP: general corporate purpose utilised; partial unutilised; ongoing.
• Issue related expenses utilised; remaining unutilised.
• Unutilised funds held in account dedicated to the issue.

Governance and Compliance

• All statutory approvals for the objects obtained.
• No material adverse events or regulatory actions noted.
• Shareholder approval not applicable for deviations.
• Means of finance unchanged.
• No other material information affecting investor decision.

GCP

• GCP allocation: used for general corporate purposes.
• GCP used; unutilised amount reported; board approval for allocation not indicated.

Parties & context

• Target: Onix Solar Energy Limited.
• Acquirer: Abhishek Ashvinbhai Kamdar; PAC: Abhishek Kamdar HUF; non-promoter.

Transaction window

• Dates: 07 July 2026 to 24 July 2026.
• Mode: Open Market and Off Market.

Holding changes

• Pre-transaction holding: 50,74,838 shares (13.76%).
• Acquired: 20,150 shares (0.05%).
• Sold: 11,02,941 shares (2.99%).
• Post-transaction holding: 39,92,047 shares (10.82%).
• Net change: -10,82,791 shares (-2.93%).

Capital context

• Pre- and post-acquisition equity capital: Rs 36,86,79,260; 3,68,67,926 shares.
• Total diluted capital after: Rs 36,86,79,260; 3,68,67,926 shares.

Corporate Office Address

• Corporate Office established at P-212 B, Gate No. 2, Lodhika GIDC, Rajkot, Gujarat 360021, effective July 14, 2026.

Dematerialisation status

• Dematerialisation requests for quarter ended 30 June 2026 were confirmed to the depositories (accepted/rejected).
• Securities dematerialised have been listed on the stock exchanges where the issuer's securities are listed.
• Physical certificates for dematerialisation were mutilated and cancelled after verification, with depository substituted as owner within timelines.

Meeting Details

• Board meeting scheduled for July 15, 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after results declaration.

Key details

• Disclosing party: Abhishek Ashvinbhai Kamdar (non-promoter); PAC: Abhishek Kamdar HUF.
• Target: Onix Solar Energy Limited.
• Pre-disposal voting rights: 63,36,986 shares (17.18%).
• Disposal of voting rights: 12,62,148 shares (3.42%) sold via open market.
• Post-disposal holding: 50,74,838 shares (13.76%).
• Mode: Open Market; Date: 06 July 2026.
• Share capital before/after: Rs 36,86,79,260; 3,68,67,926 shares.
• Total diluted capital after disposal: Rs 36,86,79,260; 3,68,67,926 shares.

Key facts

• Target company: Onix Solar Energy Limited.
• Disclosing party: Acquirer Abhishek Kamdar; PAC Abhishek Kamdar HUF.
• Acquirer is not in promoter/promoter group.
• Transaction type: disposal of voting rights.
• Pre-disposal holdings: 63,36,986 total shares (17.18%).
• Disposal details: 12,62,148 shares (3.42%), Open Market, 06 Jul 2026.
• Post-disposal holdings: 50,74,838 shares (13.76%).
• Equity capital before/after: Rs 36,86,79,260 (3,68,67,926 shares).