Quarterly Result29 Jan 2026, 06:42 pm
Indowind Energy Ltd Board Meeting Approves Unaudited Financial Results, Capital Increase, Fund Raising, and Investments
AI Summary
Indowind Energy Ltd announced the outcome of its Board Meeting held on 29th January 2026. The Board approved the unaudited financial results for the quarter ended 31st December 2025, increase in authorized share capital, variation in rights issue, fund raising of up to USD 70mn, increase in borrowing powers, and several investments. The company will hold a postal ballot for passing the above-mentioned items and related party transactions.
Key Highlights
- Approval of unaudited financial results for Q3 and nine months ended December 31, 2025
- Increase in authorized share capital from Rs. 175,00,00,000 to Rs. 275,00,00,000
- Fund raising of up to USD 70mn for exchange or restructuring of outstanding bonds and business expansion
- Increase in borrowing powers to 1500 crores
- Approval of investments in NOVA POWER PRIVATE LIMITED, a new subsidiary, and Everon Power Limited
Price Impact
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