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

Onix Renewable Limited and its associates have launched an open offer to acquire up to 16.27 lakh equity shares, representing 6.44% of Onix Solar Energy Limited’s emerging voting share capital. This follows a share purchase agreement to gain control of the company, leading to the current promoters stepping down. Post a proposed preferential allotment, Onix Solar’s equity capital will increase from ₹1.98 Cr to ₹25.29 Cr. This transaction marks a significant shift in ownership and management, with the Acquirer and associates set to become the new promoter group, impacting corporate control and strategic direction.