Onix Solar Energy Ltd — Important, 01-01-1970: Company Update

Onix Solar Energy Limited is subject to an open offer by M/s Onix Renewable Limited and its associates to acquire 0.16 Cr (16.27 lakh) equity shares, representing 6.44% of the company's voting capital, at ₹264.00 per share. The Independent Directors Committee (IDC) has assessed the offer and determined the price to be fair and reasonable. This assessment considers the offer price aligns with the negotiated acquisition price and is higher than the 60-day average market price of ₹205.31. Shareholders are advised to independently evaluate the open offer against current market price and make an informed decision.