Onix STRUCTURE Private Limited proposed to acquire an additional 6.44% stake in Onix Solar Energy Limited (BSE:513119) for approximately INR 430 million on June 11, 2025. As part of the acquisition, Onix STRUCTURE Private Limited will acquire 1.6 million shares at a price of INR 264 per share. Upon completion, Onix STRUCTURE intends to retain the listing status of Onix Solar Energy Limited and no delisting offer is proposed to be made. The acquisition will be financed through internal resources and no funds are borrowed from banks and financial institutions for the purposes of the open offer.

This Offer is not conditional upon any minimum level of acceptance in terms of Regulation 19(1) of the SEBI (SAST) Regulations. The transaction is still subject to relevant statutory and regulatory approvals. The board of directors will publish the recommendation on July 29, 2025. The offer will open on August 1, 2025 and will expire on August 14, 2025.

Grow House Wealth Management Private Limited acted as financial advisor to Onix STRUCTURE Private Limited. Skyline Financial Services Private Limited acted as registrar to Onix STRUCTURE.