Description

BSE announces commencement of trading in Rights Entitlements (REs) for ONIX SOLAR ENERGY LIMITED from February 26, 2026 to March 02, 2026, with the Rights Issue open from February 26 to March 06, 2026.

Summary

BSE has notified trading members that Rights Entitlements (REs) for renunciation of ONIX SOLAR ENERGY LIMITED will be available for trading on the Exchange from Thursday, February 26, 2026. The REs (Scrip Code: 751090, Scrip ID: ONIX-RE, ISIN: INE173M20012) will trade in dematerialized form only and settle on a T+1 rolling, trade-for-trade basis.

Key Points

  • Rights Entitlements (REs) for ONIX SOLAR ENERGY LIMITED commence trading on February 26, 2026
  • Trading period for renunciation: February 26, 2026 to March 02, 2026
  • Rights Issue open period: February 26, 2026 to March 06, 2026
  • Scrip Code: 751090 | Scrip ID: ONIX-RE | ISIN: INE173M20012
  • Market Lot: 1 | Group: R
  • Settlement on T+1 Rolling Settlement basis; trades settled on trade-for-trade basis
  • REs are tradable in dematerialized form only
  • REs that are neither subscribed nor renounced by the Issue Closing Date (March 06, 2026) shall lapse and be extinguished

Regulatory Changes

No new regulatory changes introduced. This notice follows the established framework for Rights Entitlement trading as outlined in BSE notices 20200305-21 (March 05, 2020) and 20200518-34 (May 18, 2020).

Compliance Requirements

  • Trading members must inform all clients about the commencement of RE trading, specifying the ISIN (INE173M20012) and clarifying that REs are not ordinary shares of the company
  • Contract notes/bills for RE purchases must prominently include a disclaimer stating that purchasing REs only grants the right to participate in the ongoing Rights Issue or to renounce the REs before the issue closes
  • Members must ensure clients are aware that unsubscribed and un-renounced REs will lapse after the Issue Closing Date

Important Dates

  • February 26, 2026: Commencement of RE trading; Rights Issue opens
  • March 02, 2026: Last day for trading/renunciation of Rights Entitlements
  • March 06, 2026: Rights Issue closes; deadline for subscription or renunciation
  • REs neither subscribed nor renounced by March 06, 2026 will be extinguished

Impact Assessment

This circular has a limited and localized market impact, affecting only existing shareholders of ONIX SOLAR ENERGY LIMITED and investors seeking to participate in or renounce rights entitlements. The short trading window (February 26 to March 02, 2026) requires prompt action from eligible shareholders. The trade-for-trade settlement mechanism reduces speculative activity, and the demat-only restriction ensures transparency. Lapsing of unexercised REs post March 06, 2026 is a standard risk that shareholders should be aware of.

Impact Justification

Routine rights entitlement trading commencement notice for a single company. Limited to existing shareholders and investors interested in ONIX SOLAR ENERGY LIMITED's rights issue; no broad market-wide regulatory change.