OSOnix Solar Energy513119Promoter pledge update

Promoter Onix Renewable pledges 3.75 lakh shares, 1.02% of total capital

Onix Renewable Limited, the promoter company of Onix Solar Energy Ltd, has pledged 3.75 lakh equity shares of Rs. 10/- each.

By ScoutQuest · Sat 17 Oct 2026, 11:17 AM IST · 2 min read

Shares Pledged

3.75 lakh equity shares of Rs. 10/- each, 1.02% of the total share capital

Pledge Date and Counterparty

13 October 2026, in favour of Northeast Broking Services Limited

Total Encumbered Shares After Event

91,69,108, or 24.87%, up from 87,94,108 (23.85%)

What the update says

The promoter company of Onix Solar Energy Ltd, Onix Renewable Limited, has created an encumbrance on a block of its shares. The specific instrument named in the update is a pledge.

Details of the pledge

• 3.75 lakh equity shares of Rs. 10/- each were pledged on 13 October 2026.
• The shares were pledged in favour of Northeast Broking Services Limited.
• This block equals 1.02% of the total share capital of Onix Solar Energy Ltd.
• In the disclosure table, the event type is recorded as "Creation" and the type of encumbrance as "Pledge".

The promoter's holding, before and after

• Onix Renewable Limited holds 1,88,50,885 equity shares of Rs. 10/- each, which is 51.13% of the total share capital (the same 51.13% is shown on a diluted basis).
• Before this event, 87,94,108 shares, or 23.85% of the total share capital, were already encumbered.
• Adding the new pledge of 3.75 lakh shares takes the encumbered total to 91,69,108 shares, or 24.87% of the total share capital.

What a pledge means

A pledge is a form of encumbrance in which shares are offered as security. They continue to be held by the promoter, but the holder of the security can invoke the pledge if the underlying obligation is not met. The disclosure records who the shares are pledged in favour of and how many shares are involved.

How to read this

• The promoter's total holding of 51.13% is unchanged; the shares continue to sit with the promoter company.
• What changes is the share of that holding which carries a restriction: the encumbered block moves from 23.85% to 24.87% of the total share capital.
• The new pledge is 1.02% of the total share capital, a relatively small slice compared with the promoter's overall holding.
• The update is a disclosure of the creation of the encumbrance and its size; the numbers above are the ones to track against future disclosures.

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