Merger7 May 2026, 03:35 pm
Indowind Energy: NCLT Modifies Amalgamation Order
AI Summary
Indowind Energy Ltd. announced that the National Company Law Tribunal (NCLT) has modified its order dated March 10, 2026, regarding the amalgamation of Ind Eco Ventures Limited with Indowind Energy Limited. The modifications, approved on April 29, 2026, include taking on record the Income Tax Department's NOC and Section 281 certificate, and correcting the Appointed Date from April 1, 2023, to April 1, 2024. The company received the order on May 6, 2026, and this disclosure is made under Regulation 30 of the SEBI (LODR) Regulations, 2015.
Key Highlights
- NCLT modifies amalgamation order for Indowind Energy and Ind Eco Ventures.
- Income Tax NOC and Section 281 certificate taken on record.
- Appointed Date corrected to April 1, 2024, aligning with Board approval.
- Order received on May 6, 2026; disclosure under SEBI (LODR) Regulations.
- Modifications address Income Tax observations and appointed date discrepancies.
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