Onix Solar Energy MD, chairman, board of directors and AGM
NSE: ONIXSOLARBSE: 513119Non - Ferrous MetalsSmall Cap
Share price at the NSE close on 23 Oct 2026. Previous close ₹328.00.
- Under NSE's long-term additional surveillance, stage I, on the list for 23 Oct 2026. The exchange puts a share here when its price has moved unusually, and trading in it carries extra conditions.
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹1,149 Cr1,152nd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. The filing of 8 Oct 2026
- 21.8
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 8 Oct 2026
- 1.3
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it. The filing of 8 Oct 2026
- 12.2%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 8 Oct 2026
- 8.2%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026. The filing of 8 Oct 2026
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 16,83865.5% delivered
Onix Solar Energy board of directors
At the end of the quarter to Sep 2026, as the company filed it; changes since are in its announcements.Their trades in its shares
- Managing directorPIYUSHKUMAR MANSUKHBHAI SAVALIYA
- ChairpersonHARDIK KANTILAL ADHIYA
6 directors3 independent1 executive2 non-executive
- PIYUSHKUMAR MANSUKHBHAI SAVALIYA · Managing directorExecutive · joined Dec 2025 · 1 listed board
- NAMAN MADHAVJIBHAI VIRADIYANon-executive · joined Dec 2025 · 1 listed board · 2 committee seats
- HARDIK KANTILAL ADHIYA · ChairpersonNon-executive · joined Dec 2025 · 1 listed board · 1 committee seat, 1 as chair
- UMESHKUMAR SINGHIndependent · joined Mar 2025 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat
- YESHA AAGAM SHAHIndependent · joined Mar 2024 · 60 months as independent · 3 listed boards · 3 as independent · 1 committee seat
- Hitesh Kantilal BhansaliIndependent · joined Jul 2026 · 60 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.
Committees and meetings
Who sits on each, and how often they met.Board meeting notices and outcomes
Board
- 7 Sep 20266 of 6 present3 independent · 53 days in between
- 15 Jul 20265 of 5 present2 independent · 18 days in between
- 26 Jun 20265 of 5 present2 independent
Audit Committee
Chair Hitesh Kantilal Bhansali
NAMAN MADHAVJIBHAI VIRADIYA, YESHA AAGAM SHAH
- 15 Jul 20263 of 3 present2 independent · 82 days in between
- 23 Apr 20263 of 3 present2 independent
Nomination and remuneration committee
Chair Hitesh Kantilal Bhansali
YESHA AAGAM SHAH, HARDIK KANTILAL ADHIYA
- 7 Sep 20263 of 3 present2 independent · 53 days in between
- 15 Jul 20263 of 3 present2 independent · 82 days in between
- 23 Apr 20263 of 3 present2 independent
Stakeholders Relationship Committee
Chair HARDIK KANTILAL ADHIYA
NAMAN MADHAVJIBHAI VIRADIYA, UMESHKUMAR SINGH
- 7 Sep 20263 of 3 present1 independent · 136 days in between
- 23 Apr 20263 of 3 present2 independent
Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.
Statutory auditor
Named in the results for the quarter to Mar 2026.
- A H Mandaliya & AssociatesPeer-review certificate valid to Jul 2028
1 earlier auditor
- Jhunjhunwala Jain & Associates LLPNamed in the filing for the quarter to Mar 2025
A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.
Onix Solar Energy AGM and shareholder votes
Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Onix Solar Energy share news and announcements
Annual general meeting, 30 Sep 2026
13,390 shareholders on the register on 23 Sep 2026; present: 0 promoters and 37 others; votes counted by Himanshu Togadiya / H Togadiya & Associates.The company's voting result (opens in a new tab)
To receive, consider and adopt the Standalone and Consolidated Audited Financial Statements of the Company for the Financial Year ended 31st March, 2026 together with Board's Report and Auditors' Report thereonMoreLess
Ordinary100.00% for0.00% againstAgainst: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 54.18% · promoters 100.00% · institutions 0.00% · other public 2.22%
- To appoint a Director in place of Mr. Naman Madhavjibhai Viradiya (DIN: 07862991), who retires by rotation and being eligible offer himself for re-appointmentOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 54.18% · promoters 100.00% · institutions 0.00% · other public 2.22%
- TO CONSIDER APPOINTMENT OF M/S. A H MANDALIYA & ASSOCIATES, CHARTERED ACCOUNTANTS, AS STATUTORY AUDITORS OF THE COMPANYOrdinary100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 54.18% · promoters 100.00% · institutions 0.00% · other public 2.22%
- To Regularize Mr. Hitesh Kantilal Bhansali (DIN: 07772001) as an Independent Director of the CompanySpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 54.18% · promoters 100.00% · institutions 0.00% · other public 2.22%
- TO APPROVE BORROWING POWERS OF THE COMPANY UP TO Rs. 1,000 CRORESpecial100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 54.18% · promoters 100.00% · institutions 0.00% · other public 2.22%
- TO APPROVE LOANS, GUARANTEES, SECURITIES AND INVESTMENTS UP TO Rs. 1,000 CRORE PURSUANT TO SECTION 186 OF THE COMPANIES ACT, 2013Special100.00% for0.00% against
Against: promoters 0.00% · institutions 0.00% · other public 0.02%
Turnout: all 54.18% · promoters 100.00% · institutions 0.00% · other public 2.22%
For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.
Investor complaints and compliance
Quarter by quarter.
Investor complaints received and resolved, the company's own count
- Received
- Resolved
Open at the quarter's end
- The board is made up as the listing rules require
- Yes
- The board has a regular chairperson
- Yes
- The company has a risk management committee
- No
- The chair is related to the managing director
- No
- The filing has a part on fines and penalties
- No
- The filing has a part on tax disputes
- No
- There was a cyber security incident in the quarter
- No
The company's own answers in its filing.
How money raised was used
Reported for the quarter to Jun 2026. The company's results filing for the quarter to Sep 2026 says no statement of how money raised was used applies to it. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far. A statement's amounts are left out where the raise it states is more than ten times everything the company owns, a figure typed at the wrong scale.
| Raised | Amount raised | For | Set aside | Spent | Spent elsewhere |
|---|---|---|---|---|---|
| Rights IssuesJun 2026, checked by BRICKWORK RATINGS INDIA PRIVATE LIMITED | – | – | – | No |