Description
BSE notifies trading members that ONIX SOLAR ENERGY LIMITED has fixed a record date of 15 May 2026 for a rights issue offering 8 equity shares for every 17 held at Rs. 51 per share.
Summary
BSE has notified trading members that ONIX SOLAR ENERGY LIMITED (BSE Code: 513119) has fixed 15 May 2026 as the record date for its rights issue. Trading in the company’s equity shares must be conducted on an ex-rights basis effective from 15 May 2026 under the Rolling Settlement Segment (DR-631/2026-2027).
Key Points
- Rights issue ratio: 8 (eight) new equity shares for every 17 (seventeen) existing equity shares held
- Face value of each rights equity share: Rs. 10/-
- Premium per share: Rs. 41/-
- Rights Issue Price: Rs. 51/- per share (face value + premium), payable on application
- Record Date: 15 May 2026
- Ex-Rights basis effective from: 15 May 2026 (Settlement No. DR-631/2026-2027)
Regulatory Changes
No new regulatory changes. This is a standard corporate action notice under BSE listing compliance and operations guidelines.
Compliance Requirements
- Trading members must ensure all transactions in ONIX SOLAR ENERGY LIMITED equity shares are executed on an ex-rights basis from 15 May 2026 onwards.
- Members should update their systems to reflect the ex-rights status for settlement number DR-631/2026-2027.
Important Dates
- Record Date: 15 May 2026
- Ex-Rights Effective Date: 15 May 2026
- Notice Date: 12 May 2026
- Settlement Number: DR-631/2026-2027
Impact Assessment
This rights issue affects existing shareholders of ONIX SOLAR ENERGY LIMITED (BSE: 513119). Shareholders on record as of 15 May 2026 are entitled to subscribe to 8 new equity shares for every 17 held at Rs. 51 per share. The relatively modest premium (Rs. 41 on a Rs. 10 face value) and the standard ratio suggest a targeted capital raise. Market impact is limited to the company’s existing shareholder base; no broader market or systemic implications are expected.
Impact Justification
Routine rights issue notification affecting existing shareholders of a single company; standard corporate action with defined record and ex-rights dates.