Onix Solar Energy Ltd — Important, 13-10-2025: Company Update

Onixsolar has approved the allotment of 1,85,13,885 equity shares at an issue price of Rs. 264 per share. This preferential allotment, valued at approximately Rs. 488.77 Cr, is for the acquisition of 99.99% of Nexgenix Solar Manufacturing Private Limited. Post-allotment, the company's paid-up share capital rises to Rs. 20.49 Cr. The allottee, Onix Renewable Limited, is expected to become a promoter of Onixsolar after completing open offer formalities. This strategic move aims to integrate Nexgenix Solar Manufacturing into Onixsolar's operations, expanding its footprint.