Wind World (India) Limited Resolution Plan Implementation
The resolution plan dated February 13, 2026 (with addendum dated May 20, 2026) submitted by the consortium comprising Inox Neo Energies Limited (Lead Member) and Authum Investment & Infrastructure Limited was approved by the NCLT vide order dated July 27, 2026.
Authum Investment & Infrastructure Limited's financial commitment under the resolution plan was ₹350,00,00,000 (Indian Rupees Three Hundred and Fifty Crore) as consideration for purchase of certain identified assets of Wind World (India) Limited.
The company has fulfilled this financial commitment by remitting the consideration to Wind World (India) Limited after deducting statutory payments such as TDS.
Revised Transaction Structure and Vibhav Energy Investment
The original scheme of arrangement forming part of the resolution plan was not approved by the NCLT, leading to a revised transaction structure approved by the implementation and monitoring committee on August 31, 2026.
Under the revised structure, the consortium members had the option to agree on terms for infusion by Authum of debt/equity in Vibhav Energy Private Limited, an implementation entity of the Lead Member.
Pursuant to an inter corporate deposit agreement dated September 28, 2026, the company disbursed ₹100,00,00,000 (Indian Rupees One Hundred Crores) to Vibhav Energy Private Limited.
This amount was converted into equity shares of Vibhav Energy Private Limited representing 25% of the paid-up share capital (calculated on a fully diluted basis) on October 09, 2026.
The company received intimation of equity share allotment on October 09, 2026.
Annexure A Details
Target Entity Information
Entity: Vibhav Energy Private Limited
Relationship: Subsidiary of Inox Green Energy Services Limited
Net Worth (as at March 31, 2026): INR (0.1) Crore
Turnover (FY 2025-26): Nil
Transaction Specifics
Related Party Transaction: No
Industry: Operation and maintenance services for wind power service providers within India
Objects and Impact: Acquisition aligns with portfolio diversification objectives and belief in strong value creation potential
Governmental Approvals: None required
Completion Date: October 09, 2026
Consideration: No cash consideration; acquisition through conversion of inter-corporate deposit
Shares Acquired: 10,00,00,000 (Ten Crore) equity shares of face value ₹10 each
Shareholding Percentage: 25% of paid-up share capital (fully diluted basis)
Business Background: Provides operation and maintenance services for wind power service providers
Incorporation Date: July 10, 2017
Turnover History: Nil in each of the last three financial years (FY 2023-24, 2024-25, 2025-26)
