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

Onix Solar Energy Limited’s open offer to acquire 7.94% of its voting capital at ₹264 per share concluded with significantly low interest. Only 276 shares, valued at ₹72,864, were tendered by public shareholders, despite the offer targeting shares worth up to ₹42.97 Cr. The acquirer, Onix Renewable Limited, previously increased its ownership to 90.34% through a preferential share issue. Consequently, the acquirer and its associates now collectively hold approximately 92.06% of ONIXSOLAR and will seek reclassification as promoters.