ONIX RENEWABLES BONUS SHARES ISSUE 44:1

Record Date & Timing

1. The record date was fixed as Friday, July 25, 2025, which determined eligibility for the bonus allotment
2. Eligible shareholders—as of that date—will receive the bonus shares credited shortly thereafter in accordance with statutory timelines
3. 
   

Rationale & Strategic Context

1. The bonus issue supports improved share liquidity, preparing the company for a broader shareholder base post‑IPO.
2. The resolution also included an increase in authorized share capital from Rs. 1 crore to Rs. 50 crore to accommodate the freshly created share capital
3. Concurrently, governance enhancements were approved, such as board restructuring and increasing the number of shareholders to meet listing requirements

Company Growth and IPO Context

1. Onix Renewable is targeting an IPO by mid-2025 to raise Rs. 1,000–Rs. 1,200 crore, with proceeds earmarked for expanding solar/wind/hybrid projects and EPC operations
2. The bonus issue was part of the company’s corporate package including preparing for listing, enhancing capital structure and shareholder base

Quick Summary

Additional Context

1. Bonus issues do not change the investor’s proportional ownership or the total value of their holdings—they simply increase the number of shares outstanding.
2. It’s a shareholder-friendly action, but exactly how liquidity or secondary pricing will respond depends on the unlisted market dynamics and eventual IPO pricing.

What Happens Next?

1. Bonus shares should be credited to eligible shareholders following procedural timelines.
2. The IPO process is expected to proceed through mid-to-late 2025, with Onix aiming for broader public listing and capital raising
3. After IPO, promoter holding is expected to dilute to around 62%, per corporate filing plans

In Summary:

1. Issue: 44 bonus shares per 1 share.
2. Record Date: July 25, 2025.
3. Goal: Enhance liquidity, ready the capital base for IPO, and align governance.
4. Onix Renewable is positioning for its IPO and growth phase with this move.

Let me know if you’d like help tracking when bonus shares are credited or updates on the IPO timeline!