Onix Solar Energy Ltd — Important, 09-12-2025: Company Update

Onix Solar Energy Limited's board has accepted the immediate resignation of Mr. Harpreet Singh as Managing Director, who cited personal and professional commitments. The board has appointed Mr. Piyush Savaliya as the new Managing Director, subject to shareholder approval. Mr. Savaliya is an experienced entrepreneurial leader with over 15 years in power distribution, transmission solutions, and large-scale renewable energy projects. He is related to existing Directors Mr. Nikhil Savaliya and Mr. Khilan Savaliya. This leadership transition brings new expertise to guide the company's future.