The company also clarified that neither its promoters nor members of the promoter group have any interest in the awarding entity, confirming that the transaction does not qualify as a related-party deal under regulatory norms.
Onix Solar Energy is engaged in the manufacturing of solar panels, delivering high-quality and efficient products to support the renewable energy sector. The company also undertakes the trading of and solar modules, ensuring a complete supply chain solution for solar energy products.
The company reported a consolidated net loss of Rs 0.76 crore in Q2 FY26, compared with a net profit of Rs 0.15 crore in Q2 FY25. Revenue from operations surged to Rs 43.37 crore in Q2 FY26, up from Rs 0.13 crore recorded in the same period a year ago.
As of 10 December 2025, the company’s market capitalisation stood at Rs 51.82 crore on the BSE.
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