What did the board approve beyond the quarterly results?

The board also approved establishing a corporate office in Rajkot, Gujarat, and appointed Hitesh Kantilal Bhansali as an independent director for five years, subject to shareholder approval.

What were Onix Solar's revenue numbers for Q1?

Standalone revenue was ₹93.74 crore and consolidated revenue was ₹94.51 crore for the quarter ended June 30, 2026.

Is the profit jump from the prior quarter included in this filing?

No, the filing only reports revenue figures. The prior coverage highlighted standalone net profit of ₹20.83 cr, but this filing does not provide profit numbers.

Does the new independent director require shareholder approval?

Yes, the appointment of Hitesh Kantilal Bhansali as independent director is subject to shareholder approval at the next general meeting.

What other committees were reconstituted?

The audit, nomination and remuneration, and stakeholders' relationship committees were also reconstituted during the board meeting.

Why is this filing considered routine?

The quarterly results were already widely disseminated before the board meeting, and the corporate office and director appointment are standard administrative actions that do not alter business fundamentals.

Earnings · Metal - Non Ferrous · Small cap

Onix Solar board okays Q1 results, sets up Rajkot office

The board formally approved the quarter's numbers and appointed Hitesh Kantilal Bhansali as independent director. Revenue hit ₹93.74 cr standalone, ₹94.51 cr consolidated.

— 5 earlier stories on Onix Solar Energy Ltd. →

ONIXSOLAR By Tipsheet Editorial 15 Jul 2026 · 5:53 PM IST Verify on BSE · NSE

Mkt cap₹2,466 cr

P/E61.35×

ROE26.85%

Debt / eq.0.00

₹94.51 cr Consolidated Q1 revenue

What's new

Board approves already-disclosed unaudited Q1 results for June 2026 quarter
Establishes corporate office in Rajkot, Gujarat effective July 14
Appoints Hitesh Kantilal Bhansali as independent director for five-year term

Why this matters

The Q1 results were already flagged to the market; the board's nod is procedural. The new office and director are routine administrative moves that don't change fundamentals.

What we're watching

Q2 revenue trajectory and any guidance in next concall
Whether the new independent director signals broader governance changes
Any capacity expansion plans that could sustain the growth momentum

The full read

Onix Solar Energy Ltd's board has formally signed off on its unaudited Q1 results for June 2026, reporting standalone revenue of ₹93.74 crore and consolidated revenue of ₹94.51 crore. The approval is procedural: the numbers were already in the public domain. Alongside, the board approved the establishment of a corporate office in Rajkot and appointed Hitesh Kantilal Bhansali as an independent director for a five-year term, alongside routine committee reconstitutions. None of these moves change the company's financial outlook or valuation. The stock already reacted to the initial profit disclosure; this filing is a formality.

Questions answered

What did the board approve beyond the quarterly results?: The board also approved establishing a corporate office in Rajkot, Gujarat, and appointed Hitesh Kantilal Bhansali as an independent director for five years, subject to shareholder approval.
What were Onix Solar's revenue numbers for Q1?: Standalone revenue was ₹93.74 crore and consolidated revenue was ₹94.51 crore for the quarter ended June 30, 2026.
Is the profit jump from the prior quarter included in this filing?: No, the filing only reports revenue figures. The prior coverage highlighted standalone net profit of ₹20.83 cr, but this filing does not provide profit numbers.
Does the new independent director require shareholder approval?: Yes, the appointment of Hitesh Kantilal Bhansali as independent director is subject to shareholder approval at the next general meeting.
What other committees were reconstituted?: The audit, nomination and remuneration, and stakeholders' relationship committees were also reconstituted during the board meeting.
Why is this filing considered routine?: The quarterly results were already widely disseminated before the board meeting, and the corporate office and director appointment are standard administrative actions that do not alter business fundamentals.

Mentioned: Onix Solar Energy Ltd · Hitesh Kantilal Bhansali · Rajkot corporate office

Primary source BSE · NSE · Tijori

An independent reading of the company's own disclosure — the primary filing above is the final word.

Company snapshot

Onix Solar Energy Ltd.

Metals

₹2,395 cr

P/E 39.83×

Latest quarter · Jun 2026

Sales₹95 cr

Net profit₹21 cr

Op. margin+29.7%

EPS₹5.67

Strength & growth

Debt / equity0.00×

Current ratio1.16×

Sales CAGR+52.9%

EPS CAGR+59.4%

Story so far

All notes on ONIXSOLAR →

15 Jul 2026 · 5:53 PM IST Onix Solar board okays Q1 results, sets up Rajkot office
13d ago Onix Solar Q1 profit leaps 20x to ₹20.83 cr
13d ago Onix Solar Q1 profit jumps 20x to ₹20.83 cr
19d ago Onix Solar board to meet July 15 for Q1 results
22d ago Onix Solar non-promoter sells ₹85 cr of shares, cuts stake to 13.76%