Regulatory11 Aug 2026, 05:54 pm
Onix Solar Energy: Preferential Issue Proceeds Fully Utilized
AI Summary
Onix Solar Energy Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026. The report, issued by Brickwork Ratings India Private Limited, confirms that the proceeds raised through a preferential issue, amounting to ₹60.17 Crore, have been fully utilized for the purposes stated in the offer documents. This report is in compliance with SEBI LODR Regulations and SEBI ICDR Regulations. The monitoring agency found no deviation from the stated objects of the issue.
Key Highlights
- Proceeds from preferential issue fully utilized.
- Monitoring Agency Report confirms utilization for stated objects.
- No deviation from the objects of the issue reported.
- Report covers funds raised via Right issue of Equity Shares.
- Compliance with SEBI LODR and ICDR Regulations confirmed.
Price Impact
More from ONIXSOLAR