Shares of Onix Solar Energy will be in focus after the company informed exchanges about key decisions taken at its board meeting held on December 29, 2025.
In a regulatory filing, the company said its board has approved fund raising of up to Rs 250 crore through a rights issue of equity shares. The issue will be offered to eligible shareholders as on a record date to be announced later, subject to necessary regulatory and statutory approvals. The board has also authorised a Rights Issue Committee to finalise the terms, pricing, issue size and other related details of the proposed rights issue.
Alongside the fund-raising plan, the board also accepted the resignations of two non-executive directors.
Deepakkumar Rathod (DIN: 11340543) and Parulben Jadav (DIN: 11340540) have resigned from the board with effect from December 29, 2025, citing pre-occupation and other corporate assignments as the reason for their exit. The company clarified that there were no other material reasons behind the resignations.
The filing also noted that a previous preferential issue proposal approved in June 2025—involving issuance of equity shares to fund a proposed 2,400 MW solar panel manufacturing facility—was not processed due to non-receipt of funds from proposed allottees.
The board meeting commenced at 4:45 pm and concluded at 5:15 pm, the company said.
