Description
Schedule of activities for Offer to Buy (Takeover) of shares of ONIX SOLAR ENERGY LTD scheduled from October 20, 2025 to November 4, 2025 on BSE.
Summary
BSE has announced the schedule for an Offer to Buy (Acquisition Window/Takeover) for shares of ONIX SOLAR ENERGY LTD. The offer will run from October 20, 2025 to November 4, 2025, with an offer size of up to 16,27,698 equity shares at Rs. 264.00 per share. Trading Members and Custodian Members are requested to note the operational details and timelines for participation in this OTB.
Key Points
- Security Name: ONIX SOLAR ENERGY LTD (Symbol: ONIXSOLAR)
- ISIN: INE173M01012, Scrip Code: 513119
- Offer Size: Up to 16,27,698 Equity Shares
- Offer Price: Rs. 264.00 per share
- Face Value: Rs. 10.00
- Market Lot: 1
- Opening Date: Monday, October 20, 2025
- Closing Date: Tuesday, November 4, 2025
- Session timings: 9:15 AM to 3:30 PM (bid offering and give-up/take-up)
- Last day take-up extended until 4:00 PM on November 4, 2025
Regulatory Changes
No regulatory changes announced. This circular provides operational instructions for an acquisition window under existing takeover regulations.
Compliance Requirements
Trading Members and Custodians:
- UCC Registration: Ensure UCC of the investor is registered and/or updated with correct PAN Number and Category in the Exchange UCC database
- Eligible Bidders: Trading Members can bid only for investors having shares in demat form
- Platform Access: Use iBBS platform (Internet: https://ibbs.bseindia.com/ or Leased Line: https://ibbsll.bseindia.com/) for bidding
- RTRMS Access: Available at https://rtrms.bseindia.com/ (Internet) or https://rtrmsll.bseindia.com/ (Leased Line)
- File Access: Extranet files for acceptance of bids available at https://member.bseindia.com/ (Internet) or https://memberll.bseindia.com/ (Leased Line) after confirmation from Merchant Banker/RTA
- Refer to Exchange Notices: 20150930-1 (September 30, 2015) and 20170203-29 (February 3, 2017) for operational instructions
Bidding Categories:
- Foreign Institutional Buyer (FII)
- Financial Institution (FI)
- Mutual Fund (MF)
- Insurance Companies (IC)
- Other QIBs (OTH)
- Other (NOH)
- Company (CO)
- Individual (IND)
Important Dates
| Activity | Start Date | End Date | Timing |
|---|---|---|---|
| Bid Offering Period | October 20, 2025 | November 4, 2025 | 9:15 AM - 3:30 PM |
| Give-up / Take-up | October 20, 2025 | November 3, 2025 | 9:15 AM - 3:30 PM |
| Give-up (Last Day) | November 4, 2025 | November 4, 2025 | 9:15 AM - 3:30 PM |
| Take-up (Last Day) | November 4, 2025 | November 4, 2025 | 9:15 AM - 4:00 PM |
Impact Assessment
Market Impact: Medium - This takeover offer for ONIX SOLAR ENERGY LTD provides an exit opportunity for existing shareholders at Rs. 264.00 per share. The offer covers up to 16,27,698 equity shares.
Operational Impact: Trading Members and Custodians must ensure their systems and UCC databases are updated to facilitate smooth bidding during the 16-day window. Members need to coordinate with investors holding shares in demat form.
Stakeholder Impact:
- Shareholders of ONIX SOLAR ENERGY LTD can participate in the acquisition window
- Trading Members must ensure proper UCC registration and platform access
- Limited to investors with shares in demat form only
Contact Support: Multiple contact points provided for iBBS, RTRMS, and Extranet access issues, including Trading Operations and Listing Sales teams.
Impact Justification
Specific takeover offer for ONIX SOLAR ENERGY LTD with defined timelines and procedures. Impacts shareholders and trading members participating in the acquisition window. Limited to single company but requires specific compliance actions.