Inox Green Energy Services Ltd

Inox Green Energy Services Ltd has announced the allotment of 4,89,82,030 fully paid-up equity shares of ₹10 each in Inox Renewable Solutions Limited (IRSL). This allotment is pursuant to a Scheme of Arrangement between Inox Green Energy Services Limited and IRSL, sanctioned by the National Company Law Tribunal. The shares are being issued to eligible shareholders of Inox Green Energy Services Limited as of the Record Date, August 1, 2026, based on a specified share exchange ratio. IRSL is now proceeding with crediting these shares to the respective demat accounts and seeking listing and trading approvals from the stock exchanges.

Inox Green Energy Services Ltd has submitted the Monitoring Agency Report for the quarter ended June 30, 2026, prepared by CARE Ratings Limited. The report details the utilization of proceeds from a preferential issue amounting to ₹1050 crore. As of June 30, 2026, the company had received ₹966.30 crore. There were no deviations from the objects stated in the offer document. A revision in the total cost from ₹1050 crore to ₹966.30 crore occurred due to the cancellation of warrants, leading to adjustments in debt repayment, investment in subsidiaries, and general corporate purposes. The Board noted that utilization is in line with the offer document, and no major deviations were observed compared to earlier reports.

Inox Green Energy Services Ltd has filed a statement confirming no deviation or variation in the utilization of funds raised through a Preferential Issue for the quarter ended June 30, 2026. The proceeds have been utilized in line with the objects stated in the offer document. The Audit Committee reviewed and noted this nil deviation. The total funds raised were ₹966.30 Crore, with utilization aligning with the stated purposes including debt repayment and investments in subsidiaries.

Inox Green Energy Services Ltd announced the outcome of its Board Meeting held on August 7, 2026. The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026, along with the Limited Review Reports. Additionally, the Board approved the re-appointment of Shri Manoj Dixit as Whole-time Director for two years from October 8, 2026, and Ms. Bindu Saxena as Independent Director for a second five-year term from December 14, 2026. Both re-appointments are subject to shareholder approval. The meeting commenced at 3:00 PM and concluded at 3:35 PM.

Inox Green Energy Services Ltd announced the outcome of its Board meeting held on August 7, 2026. The Board approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, along with the limited review reports. Additionally, the Board approved the re-appointment of Shri Manoj Dixit as Whole-time Director for two years from October 8, 2026, and Ms. Bindu Saxena as Independent Director for a second term of five years from December 14, 2026. Both re-appointments are subject to shareholder approval.

Inox Green Energy Services Ltd announced on August 3, 2026, that it has received the certified copy of the National Company Law Tribunal (NCLT) Ahmedabad Bench's order approving the resolution plan for Wind World (India) Limited (WWIL). The resolution plan, submitted by a consortium including Inox Neo Energies Limited (INEL) and Authum Investment & Infrastructure Limited, was approved by WWIL's committee of creditors on February 19, 2026, with a 96.47% voting share. Inox Green Energy, directly or through its subsidiary, will acquire WWIL's operation and maintenance (O&M) business. INEL will acquire a controlling stake in WWIL, which will house its independent power producer (IPP) portfolio of approximately 600 MW. The acquisition is expected to add 4.5 GW to Inox Green Energy's O&M portfolio.

Inox Green Energy Services Ltd has announced that its Board of Directors will convene on August 7, 2026. The primary agenda for this meeting is to consider, approve, and take on record the Un-audited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026. Additionally, the company has informed about the closure of the trading window for its designated persons, effective from July 1, 2026, which will reopen 48 hours after the financial results are submitted to the stock exchanges. This aligns with SEBI regulations regarding insider trading.

Inox Green Energy Services Ltd announced that the National Company Law Tribunal (NCLT), Ahmedabad Bench, has orally approved the resolution plan submitted by a consortium comprising Inox Neo Energies Limited and Authum Investment & Infrastructure Limited for Wind World (India) Limited (WWIL). This approval follows the committee of creditors' earlier acceptance of the plan. The resolution plan involves INOXGFL Group companies acquiring WWIL's independent power producer (IPP) and operations and maintenance (O&M) businesses, while Authum and its affiliates will acquire certain real estate and other assets. A detailed disclosure will be made upon receipt of the written order.

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.

Inox Green Energy Services Limited has announced Saturday, August 1, 2026, as the Record Date for its Scheme of Arrangement with Inox Renewable Solutions Limited (IRSL). This date will determine the eligible equity shareholders of Inox Green who are entitled to receive shares of IRSL. The approved share exchange ratio is 122 equity shares of IRSL (face value ₹10/- each) for every 1,000 equity shares (face value ₹10/- each) held in Inox Green Energy Services Limited. The company confirmed no outstanding warrants, making the warrant-related exchange ratio inapplicable.