Onix Solar Energy

Onix Renewable Limited sold 746,000 shares of Onix Solar Energy in an open-market transaction on 13 October 2026. The sale, representing 2.02% of voting capital, reduced its holding to 19,071,885 shares, or 51.73%, from 19,817,885 shares, or 53.75%. The disposal followed an open-market purchase of 1,083,000 shares in August that had taken the holding to 53.75%. Paid-up capital stood at 36,867,926 shares after a June rights allotment of 11,797,736 shares at Rs51. Onix Solar operated two plants in Rajkot with 200 MW of solar module capacity at around 90% utilisation in FY26. Standalone revenue for FY26 was Rs157.12 crore, while receivables stood at Rs170.09 crore in September against Rs90.39 crore in March.

Powered by Tijori

Abhishek Ashvinbhai Kamdar and his HUF sold 13,24,981 shares of Onix Solar Energy between 21 August and 4 September, reducing their combined holding from 7.67% to 4.08%. The sales occurred through off-market and open-market transactions and took the holding below 5%. Kamdar had reduced his combined holding through three earlier 2026 sell-downs, including a 3.16% disposal in August. The promoter group held roughly 94.9% after Onix Renewable Limited acquired 2.94% in August, leaving a very small public float. Onix Solar Energy generated nearly all of its FY26 revenue from solar modules, with a 200 MW facility operating and a 1,200 MW facility under development.

Powered by Tijori

Onix Renewable Limited, the promoter of Onix Solar Energy, acquired 10.83 lakh shares, representing 2.9375% of the company, through open-market transactions on 25 August 2026. Its holding rose from 50.8162% to 53.7537%, while the company’s issued voting capital remained 3.6868 crore shares. Separate 2026 disclosures showed public shareholder Abhishek Kamdar and his HUF reducing their combined holding to 7.67%. Onix Solar Energy’s business was focused entirely on solar-module manufacturing, with a 200MW facility operational and a 1,200MW facility under development.

Powered by Tijori

Abhishek Ashvinbhai Kamdar and his HUF sold 11,64,179 shares of Onix Solar Energy between July 27 and August 20, reducing their combined holding by 3.16 percentage points through on- and off-market transactions. Their stake fell from 10.82% to 7.67%, with Kamdar holding 7.62% and the HUF 0.05%. Kamdar had sold 3.42% in early July and a further 2.99% later that month, after holding more than 17% following the rights issue. Onix Solar’s solar-module manufacturing business accounted for nearly all of its FY26 revenue; a 200 MW facility was operational and a 1,200 MW facility was under development.

Powered by Tijori

Onix Solar Energy used the ₹60.17 crore raised through its May-June rights issue for the purposes set out in the offer document during the quarter ended June 30. It invested ₹58.60 crore in NOPL Pace Green Energy, spent ₹1 crore on general corporate purposes and ₹0.19 crore on issue expenses, while ₹0.37 crore was held in a Kotak rights-issue account. The investment in NOPL was marked completed, while general-corporate-purpose spending remained ongoing. Solar modules accounted for almost all of Onix Solar's FY26 revenue; its 200MW facility was operational and a 1,200MW facility was under development.

Powered by Tijori

June 22 (Reuters) - Onix Solar Energy Ltd ONIX.BO:

• ONIX SOLAR ENERGY - DEVELOPING 1200MW SOLAR MODULE MANUFACTURING FACILITY

Source text: ID:nBSEbBg7R4

Further company coverage: ONIX.BO

(([email protected];))

May 11 (Reuters) - Onix Solar Energy Ltd ONIX.BO:

• ONIX SOLAR ENERGY - SETS RIGHTS ISSUE PRICE AT 51 RUPEES PER SHARE

Source text: ID:nBSE5DN2l4

Further company coverage: ONIX.BO

(([email protected];))

April 17 (Reuters) - Onix Solar Energy Ltd ONIX.BO:

• ONIX SOLAR ENERGY LTD - BOARD APPROVES RIGHTS ISSUE OF EQUITY SHARES UP TO 1.30 BILLION RUPEES

Source text: ID:nBSE3WhljT

Further company coverage: ONIX.BO

(([email protected];;))

April 13 (Reuters) - Onix Solar Energy Ltd ONIX.BO:

• ONIX SOLAR ENERGY LTD - TO CONSIDER FUNDRAISING VIA EQUITY SHARES, RIGHTS ISSUE OR OTHER SECURITIES

Source text: ID:nBSE37lsL3

Further company coverage: ONIX.BO

(([email protected];))

Feb 24 (Reuters) - Onix Solar Energy Ltd ONIX.BO:

• CLARIFIES ON REPORTS ON CO REGARDING ALLEGED FRAUDULENT BANK GUARANTEE ISSUE

• NOT NAMED AS ACCUSED IN FIR

• PROJECTS REFERRED IN REPORTS WERE ORIGINALLY UNDERTAKEN VIA THIRD-PARTY ENTITIES

• NO IMPACT ON ONIX SOLAR'S OPERATIONS OR FINANCIAL POSITION

Source text: ID:nBSE8lBDdG

Further company coverage: ONIX.BO

(([email protected];;))

Dec 29 (Reuters) - Onix Solar Energy Ltd ONIX.BO:

• APPROVES FUND RAISING UP TO 2.50 BILLION RUPEES VIA RIGHTS ISSUE

Source text: ID:nBSE7gX7tn

Further company coverage: ONIX.BO

(([email protected];))

June 11 (Reuters) - Onix Solar Energy Ltd ONIX.BO:

• ONIX SOLAR ENERGY LTD - TO BUY 99.99% OF ONIX-TECH RENEWABLE FOR 4.89 BILLION RUPEES

Source text: ID:nBSE6Sp62z

Further company coverage: ONIX.BO

(([email protected];))

March 3 (Reuters) - Onix Solar Energy Ltd ONIX.BO:

• DIPANSHI LUNAGARIYA RESIGNS AS CFO

Source text: ID:nBSE1b1D0D

Further company coverage: ONIX.BO

(([email protected];;))

Nov 6 (Reuters) - ABC Gas (International) Ltd ABGI.BO:

• ABC GAS (INTERNATIONAL) - TO CONSIDER RAISING OF FUNDS VIA PREFERENTIAL ISSUE OF SHARES

Source text: ID:nBSE9ZTcFh

Further company coverage: ABGI.BO

(([email protected];))