Onix Solar Energy Ltd — Important, 14-05-2026: Company Update

Onix Solar Energy Limited is conducting a Rights Issue of 1.18 Cr fully paid-up Equity Shares at ₹51 each, aiming to raise ₹60.17 Cr. Eligible shareholders can subscribe to 8 new shares for every 17 shares held. The company plans to deploy ₹58.50 Cr from the proceeds into NOPL Pace Green Energy Private Limited to expand its solar project portfolio and for general corporate purposes. This move aims to deepen OSEL's presence across the solar value chain. For the nine months ended December 31, 2025, total income was ₹87.15 Cr, with a profit after tax of ₹14.32 Cr.