Onix Solar Energy Completes Allotment of Rights Issue Shares, Boosts Paid-up Capital
Onix Solar Energy Ltd, formerly ABC Gas (International) Limited, successfully completed the allotment of shares through its Rights Issue, significantly increasing its paid-up equity share capital. The allotment of up to 1,17,97,736 fully paid-up equity shares was confirmed on June 2, 2026.The company had previously announced the Rights Issue of equity shares, each having a face value of Rs. 10. The issue was priced at Rs. 51 per rights equity share, which includes a premium of Rs. 41. The total aggregated value of the rights issue reached up to ₹ 6016.85 Lakhs.
The Rights Issue offer was active from May 25, 2026, and concluded on June 1, 2026. The allotment of the shares was executed to eligible shareholders and/or renouncees, adhering to the terms outlined in the Letter of Offer dated May 11, 2026.
The allotment of 1,17,97,736 fully paid-up Equity Shares on the rights basis led to a substantial increase in the company's paid-up equity share capital.
The financial details of the capital structure before and after the allotment are as follows:
| Metric | Pre-allotment | Post-allotment |
|---|---|---|
| Total Capital Value | Rs. 25,07,01,900/- | Rs. 36,86,79,260/- |
| Shares Outstanding | 2,50,70,190 Equity Shares | 3,68,67,926 Equity Shares |
| Face Value per Share | Rs. 10/- | Rs. 10/- |
Stock Price Movement
Onix Solar Energy Ltd shares settled at ₹724.30 on Monday, slipping 2.00% from the previous close. Throughout the day, the stock remained completely flat, locked at the ₹724.30 price point.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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