Onix Solar Energy Ltd — Updates, 11-06-2025: Company Update

Onix Solar Energy Limited has announced a Committee of Independent Directors meeting for a proposed preferential allotment of 1.85 crore equity shares to new investors who will become promoters after an open offer, resulting in a change of control. The committee approved the issue price of Rs. 264 per share, reflecting a control premium and aligned with valuation parameters, deeming the pricing fair and reasonable. This move signals a significant shift in ownership and control, which could impact the company’s strategic direction and shareholder value.