StockWatch
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Heavy Electrical Equipment
Board Meeting13 Nov 2026, 06:14 pm

Inox Wind Board Approves Unaudited Financial Results, Appoints New MD

AI Summary

Inox Wind Limited's Board of Directors met on November 13, 2026, approving the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board also appointed Shri Saibaba Vutukuri as the Managing Director (Wind Business) of INOXGFL Group, effective November 14, 2026. Additionally, the resignation of Shri Sanjeev Agarwal as Chief Executive Officer was noted, with his advisory services continuing until December 31, 2026. The Nomination & Remuneration Committee approved the grant of 1,45,006 stock options under the 'Inox Wind - Employee Stock Option Scheme 2024'.

Key Highlights

  • Board approved unaudited financial results for Q2 FY27 and H1 FY27.
  • Shri Saibaba Vutukuri appointed as MD (Wind Business) of INOXGFL Group.
  • Shri Sanjeev Agarwal resigned as CEO, will serve as Advisor until Dec 31, 2026.
  • 1,45,006 stock options granted under ESOP Scheme 2024.