Inox Wind Ltd

SMALLCAP World Fund, Inc. has disclosed a sale of 14,026,367 shares in Inox Wind Ltd., representing a 2.0839% stake. This transaction, executed through the open market, reduces the fund's total shareholding to 53,517,175 shares, or 3.0966% of the total voting capital. The sale occurred on August 10, 2026. The filing is made under SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Inox Wind Ltd has filed a statement confirming nil deviation or variation in the utilization of proceeds from its Rights Issue for the quarter ended June 30, 2026. The company stated that the funds raised, amounting to ₹1249.33 Crore, have been utilized in line with the objects outlined in the Letter of Offer. Specific allocations included repayment/redemption of NCPRPS, prepayment/repayment of borrowings, and investment in Inox Renewable Solutions Limited (IRSL). Issue expenses were finalized at ₹6.61 crore, slightly below the projected ₹6.63 crore, with the minor surplus adjusted against GCP expenses as permitted.

Inox Wind Ltd's Board of Directors met on August 7, 2026, and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The board also noted the limited review reports from the statutory auditors, M/s. Dewan P.N. Chopra & Co. Additionally, Ms. Madhurima Sayan Das was re-appointed as an Independent Director for a second term of one year, effective September 5, 2026, subject to shareholder approval. The meeting commenced at 3:35 PM and concluded at 4:05 PM.

Inox Wind Ltd's Board of Directors met on August 7, 2026, to approve the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. The Board also noted the limited review reports from statutory auditors, Dewan P.N. Chopra & Co. Additionally, Ms. Madhurima Sayan Das was re-appointed as an Independent Director for a second term of one year, effective September 5, 2026, subject to shareholder approval. The meeting commenced at 3:35 PM and concluded at 4:05 PM.

Inox Wind Limited has announced that its Board of Directors will convene on August 7, 2026. The primary agenda item for this meeting is to consider and approve the un-audited standalone and consolidated financial results for the first quarter ended June 30, 2026. The company also informed that the trading window for designated persons will remain closed until 48 hours after the submission of these financial results to the stock exchanges, in compliance with SEBI regulations.

Inox Wind Limited (IWL) has secured a 200 MW turnkey wind energy project order from NLC India Limited, valued at approximately ₹1,600 crore. This repeat order signifies strong customer confidence and reinforces IWL's position as a leading integrated wind energy solutions provider. The project, to be commissioned within 24 months, will involve end-to-end execution including supply of wind turbine generators, EPC, and O&M services. This win boosts IWL's order book to 4.7 GW, comprising a diversified mix of customers and enhancing revenue visibility.

Inox Wind Ltd has announced the notice for its 14th Extra-Ordinary General Meeting (EGM) to be held on August 13, 2026, at 12:00 PM IST via Video Conferencing. The primary agenda is to seek shareholder approval for material related party transactions. These include the sale and supply of wind turbine generators (WTGs) to Inox Clean Energy Limited for up to ₹3,500 Crore and providing guarantees/support to Inox Green Energy Services Limited (IGESL) for up to ₹500 Crore. The EGM will also cover other resolutions as detailed in the notice. Shareholders of record as of August 6, 2026, are eligible for e-voting, which will be open from August 10 to August 12, 2026.

Inox Wind Ltd has announced the closure of its trading window for dealing in the company's securities. This restriction will be in effect from July 1, 2026, until 48 hours after the declaration and submission of the unaudited financial results for the quarter ending June 30, 2026. The company is implementing this measure in accordance with SEBI regulations on insider trading and its own code of conduct. Designated persons and their immediate relatives will have their PANs frozen at the security level by depositories during this period to prevent any potential insider trading.

Inox Wind Limited has executed binding agreements for the partial divestment of equity shares in its material subsidiary, Inox Renewable Solutions Limited (IRSL). The aggregate transaction value is approximately ₹50 Crore. Following the sale, Inox Wind's shareholding in IRSL will decrease from 88.84% to 87.98%. IRSL, formerly Resco Global Wind Services Private Limited, reported revenue of ₹564.05 Crore (12.83% of consolidated revenue) and net worth of ₹897.77 Crore (14.07% of consolidated net worth) in FY 2025-26. The transaction is considered a related party transaction and has been undertaken at arm's length. The buyers are third parties and not part of the promoter group.

Inox Wind Limited (IWL) has signed a Memorandum of Understanding (MoU) with Inox Clean Energy to supply 1,500 MW of wind turbines. This agreement involves supplying IWL's advanced 3.3 MW and 4X MW wind turbines for renewable energy projects developed by Inox Clean across India. The MoU aligns with the INOXGFL Group's 'One Integrated' renewable strategy, aiming to create a comprehensive renewable energy ecosystem. This collaboration is expected to provide multi-year revenue visibility for Inox Wind, with Inox Clean targeting an operational renewable portfolio of 14 GW by FY29, with approximately 20-30% of annual additions expected to be wind-powered. This significantly boosts Inox Wind's order book to over 4.5 GW.