Last Updated on February 26, 2026 by Rajat Bhati
Onix Solar Rights Issue dates 26 February – 6 March 2026.
Onix Solar Energy, formerly known as ABC Gas (International), is a prominent player in India’s rapidly evolving renewable energy landscape. Listed on the Bombay Stock Exchange (BSE), the company has successfully undergone a strategic transformation to align itself with the nation’s “Net Zero” emissions goal.
The company operates through two primary high-growth verticals: Solar Panel Manufacturing & Trading and Solar Project Services. Onix Solar specialises in the supply of high-efficiency PV modules, including advanced Mono PERC and Bi-facial technologies, which ensure maximum energy yield even in diffused light conditions. Beyond product supply, the company provides comprehensive Works Contract Services, managing the engineering and logistics of large-scale solar installations.
By utilizing IoT-based monitoring systems, the company enables its clients to track real-time power generation and carbon offsets via mobile platforms. From assisting residential users with the PM-Surya Ghar (Muft Bijli Yojana) to executing complex industrial EPC projects, Onix Solar Energy is committed to delivering sustainable, cost-effective, and technologically superior energy solutions for a greener tomorrow.
Promoters of Onix Solar – Onix Renewable Limited
Table of Contents
Onix Solar Rights Issue Details
| Onix Solar Rights Issue Date | 26 Feb – 6 March 2026 |
| Onix Solar Rights Issue Price | INR 546 per share |
| Issue Size (in Shares) | 45,76,305 shares |
| Issue Size (in INR) | INR 249.87 crore |
| Issue Entitlement | 23 equity shares for every 103 equity shares held on the record date |
| Terms of Payment | Fully payable at the time of application |
| Onix Solar Rights Issue Record Date | 18 February 2026 |
| Face Value | INR 10 per share |
| Listing On | BSE |
Onix Solar Rights Issue Calculation
| Onix Solar Rights Issue Price | INR 546 per share |
| Market Price on Rights Issue Approval | INR 721.90 per share |
| Dilution Factor (X) | 1.22 |
| Fair Value After Dilution at Prevailing Price | INR 689.79 per share |
Onix Solar Financial Performance
| FY 2024 | FY 2025 | |
| Revenue | 0 | 29 |
| Expenses | 1 | 28 |
| Operating Margin (%) | (5,300) | 4 |
| Net Income | (1) | 1 |
| ROCE (%) | (14) | 32 |
Onix Solar Rights Offer Objectives
The net proceeds from the offer are proposed to be used for
- For meeting the working capital requirements – INR 125 crore
- Capital expenditure requirements towards the purchase of machinery – INR 36 crore
- Investment in NOPL Pace Green Energy Private Limited – INR 50 crore
- General corporate purposes – INR 38.50 crore
Onix Solar Rights Offer Documents
- Onix Solar Rights Issue Application Form
- Onix Solar Letter of Offer
- Board Meeting Outcome
- Onix Solar Draft Letter of Offer
- Rights Issue in 2025
Onix Solar Rights Issue Dates
| Rights Issue Approval Date | 12 February 2026 |
| Rights Issue Record Date | 18 February 2026 |
| Credit of Rights Entitlement | 19 February 2026 |
| Rights Issue Opening Date | 26 February 2026 |
| Last Date for Market Renunciation | 5 March 2026 |
| Rights Issue Closing Date | 6 March 2026 |
| Finalization of Basis of Allotment | 9 March 2026 |
| Rights Allotment Date | 9 March 2026 |
| Credit Date | 10 March 2026 |
| Listing Date | 11 March 2026 |
Onix Solar Rights Offer Registrar
MUFG INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
Onix Solar Contact Details
ONIX SOLAR LIMITED
Office No A-204, 2nd Floor, Rustomjee Central Park,
Kurla Road, Chakalaandheri East, Andheri East,
Mumbai – 400069, Maharashtra, India
Phone: 9978915309
Email: [email protected]
Website: www.onixsolarenergy.com
Onix Solar Rights Offer FAQs
What is the Onix Solar Rights Issue Price?
The issue price is INR 546 per share.
What is the Onix Solar Rights Issue entitlement ratio?
The eligible shareholders are offered 23 Equity Shares for every 103 Equity Shares held on the record date.
What is the Onix Solar Rights Issue Record Date?
The Record date is 18 February 2026.
How to Apply in Onix Solar Rights Offer?
The best way to apply in Onix Solar Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.