Onix Solar Energy 46th AGM Notice September 2026

Event Details

The 46th Annual General Meeting of the members of Onix Solar Energy Limited is scheduled to be held on Wednesday, September 30, 2026, at 02:00 P.M. (IST) through Video Conferencing (VC)/Other Audio Visual Means (OAVM).

Business to be Transacted

Ordinary Business

1. Adoption of Financial Statements

To receive, consider, and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the Financial Year ended March 31, 2026, together with the Board's Report and Auditors' Report thereon. An ordinary resolution is proposed for this item.

2. Re-appointment of Director

To appoint a director in place of Mr. Naman Madhavjibhai Viradiya (DIN: 07862991), who retires by rotation and, being eligible, offers himself for re-appointment. An ordinary resolution is proposed for this item.

Special Business

3. Appointment of Statutory Auditors

To consider and appoint M/s. A H Mandaliya & Associates, Chartered Accountants (Firm Registration No. 146705W), as the Statutory Auditors of the Company. This firm was initially appointed by the Board on October 13, 2025, to fill a casual vacancy and hold office until the conclusion of this AGM. The resolution proposes their appointment for a regular term of five consecutive years, from the conclusion of this AGM until the conclusion of the 51st AGM. Their remuneration, plus applicable taxes and expenses, is to be determined by the Board. An ordinary resolution is proposed for this item.

4. Regularization of Independent Director

To consider and appoint Mr. Hitesh Kantilal Bhansali (DIN: 07772001) as a Non-Executive Independent Director. He was appointed as an Additional Director in this category by the Board on July 15, 2026, and holds office up to the date of this AGM. The resolution proposes his appointment for a term of five consecutive years, from July 15, 2026, to July 14, 2031. He is not liable to retire by rotation. A special resolution is proposed for this item.

5. Approval of Borrowing Powers

To authorize the Board of Directors to borrow money, whether secured or unsecured, in Indian Rupees or foreign currency, from various lenders. The resolution seeks approval for borrowings up to an aggregate outstanding amount of ₹1,000 Crore (Rupees One Thousand Crore) at any point in time, excluding temporary loans from bankers in the ordinary course of business. A special resolution is proposed for this item.

6. Approval for Loans, Guarantees, Securities, and Investments

To authorize the Board of Directors to give loans, provide guarantees or securities, and make investments in other body corporates. The resolution seeks approval for such activities up to an aggregate amount of ₹1,000 Crore (Rupees One Thousand Crore). A special resolution is proposed for this item.

Explanatory Statement Highlights

Item 3: Statutory Auditors

A casual vacancy arose in the office of the Statutory Auditors during FY 2025-26. The Board filled this vacancy on October 13, 2025, by appointing M/s. A H Mandaliya & Associates. The Board now recommends their appointment for a full five-year term based on their experience and familiarity with the company.

Item 4: Independent Director

Mr. Hitesh Kantilal Bhansali was appointed as an Additional (Independent) Director on July 15, 2026. He has provided the necessary consent, declaration of independence, and other disclosures required under the Companies Act, 2013, and SEBI LODR Regulations. The Board recommends his appointment based on his qualifications and expertise.

Item 5: Borrowing Powers

The approval is sought to meet existing and future business requirements, including expansion, working capital, capex, and general corporate purposes. The limit provides financial flexibility to the company.

Item 6: Loans & Investments

The approval is sought to enable the company to evaluate business opportunities, support subsidiaries, and provide financial assistance. The limit allows for investments and financial assistance up to ₹1,000 crore.

Director Details

A table is provided with details of directors proposed for appointment/re-appointment:

• Mr. Naman Madhavjibhai Viradiya: Date of Birth 23/08/1996, appointed 24/12/2025, holds 1243 shares, specialization in Electrical Engineering and Renewable Energy.
• Mr. Hitesh Kantilal Bhansali: Date of Birth 17/12/1978, appointed 15/07/2026, holds no shares, specialization in Business Management and Finance.

Voting and Meeting Logistics

• The AGM will be held virtually via VC/OAVM in compliance with MCA circulars.
• The company has engaged MUFG Intime India Private Limited as the RTA for e-voting services.
• The remote e-voting period is not specified in the notice, but the cut-off date for determining voting eligibility is September 23, 2026.
• The Register of Members and Share Transfer Books will be closed from September 24, 2026, to September 30, 2026 (both days inclusive).
• Detailed instructions for remote e-voting and joining the virtual meeting are provided for shareholders holding shares in both demat and physical form.

Notes and Instructions

• The notice is being sent electronically to members with registered email addresses.
• The full notice and annual report are available on the company's website (www.onixsolarenergy.com) and the BSE website (www.bseindia.com).
• Members are encouraged to dematerialize their shares and update their contact details with their Depository Participants.