Onix Solar Energy's Rights Issue Committee approved terms for a ₹60.17 crore equity issuance on May 11, 2026.
The issue offers 1.18 crore shares at ₹51 each in an 8:17 ratio to shareholders of record May 15, 2026.
The rights issue schedule runs from May 25 to June 1, 2026, with allotment and listing targeted for early June.
Full subscription would increase outstanding shares from 2.51 crore to 3.69 crore, representing significant dilution.