Onix Renewable – Reduces Stake in Onix Solar to 51.73% Through Open-Market Sale

Expert Analysis:

• Promoter stake reduced: Onix Renewable sold 7.46 lakh shares of Onix Solar Energy Limited through an open-market transaction on October 13, 2026, reducing its holding from approximately 53.75% to 51.73%.

• Majority control retained: Despite the sale, Onix Renewable continues to hold more than 50% of Onix Solar, retaining its majority stake.

• Regulatory disclosure: The transaction was disclosed under Regulation 29(2) of SEBI’s SAST Regulations, which covers substantial changes in shareholding.

• Investor monitorable: Further promoter transactions and changes in shareholding will be important to track, particularly whether the promoter continues to reduce its stake.