Divestment28 Apr 2026, 06:54 pm
NCLT approves Inox Green Energy's demerger scheme
AI Summary
Inox Green Energy Services Ltd announced the receipt of a certified copy of the National Company Law Tribunal (NCLT), Ahmedabad Bench's order. The order, pronounced on March 13, 2026, and received on April 27, 2026, approves the Scheme of Arrangement (Demerger) between Inox Green Energy Services Limited (Demerged Company) and Inox Renewable Solutions Limited (Resulting Company). The scheme involves the demerger of the Power Evacuation Business from Inox Green Energy Services into Inox Renewable Solutions, with an appointed date of October 1, 2024.
Key Highlights
- NCLT Ahmedabad Bench approved the Scheme of Arrangement.
- The scheme involves demerger of Power Evacuation Business.
- Inox Green Energy Services is the Demerged Company.
- Inox Renewable Solutions is the Resulting Company.
- The demerger is effective from October 1, 2024.