Onix Solar Energy Ltd shares jump 2.35% as SEBI disclosure for Abhishek Kamdar acquisition received
Why did Onix Solar Energy Ltd shares jump today?
Onix Solar Energy Ltd shares saw a significant jump today, rising 2.35% to close at ₹454.2 as of 05:30 PM on Wednesday. This sharp upward movement in the stock price appears to be directly linked to a regulatory disclosure submitted to the stock exchanges.
The key news triggering the rally is a filing under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. The disclosure was made by Mr. Abhishek Ashvinbhai Kamdar and Abhishek Ashvinbhai Kamdar HUF. This regulation pertains to changes in substantial shareholding or voting rights in a company. The filing formally announces this change in shareholding for Onix Solar Energy Limited, which the market has interpreted as a positive signal.
Such regulatory disclosures are closely watched by investors as they can indicate a significant acquisition of shares or a change in the company's ownership structure. The fact that a substantial change in holdings has been reported, as mandated by SEBI, likely fueled investor optimism and buying interest, leading to the notable increase in the share price.
What does Onix Solar Energy Ltd do?
Onix Solar Energy Limited is an entity listed on the BSE LIMITED under the script code ONIXSOLAR and the number 513119. The company is identified as the "Target Company" within the context of a disclosure concerning a change in shareholding and voting rights.
This disclosure was made in compliance with the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The company's registered office is located at Office No. A-204, 2nd Floor Rustomjee Central Park, Andheri Kurla Road, Chakala Andheri East, Mumbai.
Onix Solar Energy Ltd Financials
In CroresOnix Solar Energy Ltd demonstrated significant growth between December 2025 and March 2026. The company's revenue increased substantially from ₹16.12 crores to ₹70.3 crores. Concurrently, its profit grew from ₹14.37 crores to ₹25.67 crores. This indicates a strong upward trend in both revenue and profitability, with revenue experiencing a particularly sharp expansion of approximately 336% over the period.
Onix Solar Energy Ltd Shareholding Pattern
Promoter holding stands at 50.22% of the total share capital. Foreign Institutional Investors (FIIs) hold 0.0% stake in the company, while Domestic Institutional Investors (DIIs) hold 0.77%. Public shareholders hold the remaining 49.0% stake in Onix Solar Energy Ltd.
Onix Solar Energy Ltd FAQs
Q: Why did Onix shares jump 2.35% today?
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Abhishek Kamdar & Abhishek Kamdar HUF. This corporate action caught investor attention, leading to increased trading activity in the stock.
Q: What is the shareholding pattern of Onix Solar Energy Ltd?
As per the latest data, promoters hold 50.22% stake in Onix Solar Energy Ltd, while FII holding stands at 0.0%. Domestic institutional investors hold 0.77%, and public shareholders account for 49.0% of the equity.
Q: What is the current stock price of Onix Solar Energy Ltd?
Onix Solar Energy Ltd shares are currently trading at ₹454.2, recording a gain of 2.35% from the previous close.
Q: What is the market capitalization of Onix Solar Energy Ltd?
The company currently has a market capitalization of ₹1674.54 crore, reflecting its valuation in the Indian equity market.