Quarterly Updates15 May 2026, 05:31 pm
Onix Solar Energy: Funds Fully Utilized as of March 2026
AI Summary
Onix Solar Energy Ltd. has fully utilized the proceeds from its preferential issue as of the March 2026 quarter, according to a monitoring agency report by Brickwork Ratings India Private Limited. The report, dated May 15, 2026, confirms that the funds were used for the purposes outlined in the offer documents. The funds were raised through a Rights issue of Equity Shares aggregating to ₹249.86 Crore.
Key Highlights
- Onix Solar Energy's preferential issue proceeds fully utilized by March 2026.
- Brickwork Ratings issued a monitoring report confirming fund utilization.
- Funds were raised through Rights issue of Equity Shares aggregating to ₹249.86 Crore.
- No deviations from the stated objectives were noted in the fund utilization.
- The monitoring agency declared no conflict of interest.
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