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Corporate Action22 Jul 2026, 10:30 pm

Inox Green Energy Sets Aug 1, 2026 Record Date for IRSL Share Swap

AI Summary

Inox Green Energy Services Ltd has announced August 1, 2026, as the record date for its scheme of arrangement with Inox Renewable Solutions Limited (IRSL). This date will determine eligible shareholders entitled to receive IRSL equity shares. The approved share exchange ratio is 122 IRSL shares for every 1,000 Inox Green Energy shares held. The company confirmed no outstanding warrants, making the warrant-related exchange ratio inapplicable. This action is a step towards the completion of the demerger and share swap as per the effective scheme of arrangement.

Key Highlights

  • Record date fixed for August 1, 2026, for IRSL share entitlement.
  • Share exchange ratio: 122 IRSL shares per 1,000 Inox Green shares.
  • Scheme of Arrangement between Inox Green and IRSL is effective.
  • No outstanding warrants affect the share exchange ratio.
  • Determines equity shareholders eligible for IRSL shares.