Onix Solar Energy Limited received its First Monitoring Agency Report for the quarter ended June 30, 2026, confirming the utilization of funds from its Rights Issue.

The report states that the ₹ 60.17 Cr raised through the Rights Issue of Equity Shares has been fully utilized for the purposes outlined in the offer documents.

The monitoring agency noted no deviation from the stated objectives, indicating that the funds were deployed as intended for business operations, including investment in NOPL Pace Green Energy Private Limited and general corporate purposes.