Inox Green Energy Services Limited

Meeting Details

The 26th Extra-Ordinary General Meeting of Inox Green Energy Services Limited is scheduled to be held on Thursday, 13th August, 2026 at 3:00 PM (IST) through Video Conferencing (VC)/Other Audio-Visual Means (OAVM) in accordance with MCA and SEBI circulars.

Voting Arrangements

  • Cut-off date for determining voting rights: Thursday, 6th August, 2026
  • Remote e-Voting period: Monday, 10th August, 2026 at 9:00 AM to Wednesday, 12th August, 2026 at 5:00 PM
  • Scrutinizer appointed: Prabhakar Kumar/Ashok of M/s. VAPN & Associates
  • Results to be declared within 2 working days post-EGM and posted on company website and NSDL portal

Business Items

Item No. 1: Special Resolution - Fundraising Approval

Purpose: To raise funds aggregating up to ₹600 Crore (Rupees Six Hundred Crore only) comprising:

  • Base issue size: Up to ₹400 Crore
  • Green shoe option: Up to ₹200 Crore

Securities: Equity shares, fully/partly convertible debentures, non-convertible debentures with/without warrants, preference shares, GDRs, ADRs, FCCBs, or any other financial instruments convertible into/linked to equity shares.

Modes: Public issue, preferential allotment, private placement, Qualified Institutional Placement (QIP), or any other permissible mode in one or more tranches.

Key Conditions:

  • For QIP issues: Allotment only to QIBs as per SEBI ICDR Regulations
  • Completion within 365 days from resolution date
  • Floor price determination as per SEBI ICDR Regulations
  • Maximum 5% discount permitted on floor price
  • Lock-in period: 1 year from allotment date
  • No single allottee beyond 50% of issue size
  • Minimum 10% allocation to mutual funds
  • No allotment to promoters/persons related to promoters

Authority: Board authorized to determine final terms, pricing, timing, and investors without further shareholder approval.

Item No. 2: Ordinary Resolution - Related Party Transaction

Purpose: To avail guarantee(s), security(ies), indemnity(ies), comfort letter(s) and/or other forms of credit enhancement support from Inox Wind Limited (Holding and Promoter Company) for aggregate amount up to ₹500 Crore (Rupees Five Hundred Crore only).

Period: From conclusion of EGM until expiry of 12 months

Rationale: To support business growth, operational requirements, banking facilities, and contractual commitments in ordinary course of business on arm's length basis.

Materiality: Exceeds 10% of annual consolidated turnover threshold (₹28.10 Crore based on FY2025-26 turnover of ₹281 Crore).

Previous Transactions: During FY2025-26, total transactions with IWL amounted to ₹289.29 Crore across various categories including purchase/sale of goods, inter-corporate deposits, and expense reimbursements.

Financial Context

  • Company's annual consolidated turnover (FY2025-26): ₹281 Crore
  • IWL's standalone turnover (FY2025-26): ₹3,896.40 Crore
  • IWL's PAT (FY2025-26): ₹547.46 Crore
  • IWL's net worth (FY2025-26): ₹6,333.54 Crore
  • Current outstanding guarantees from IWL: ₹135 Crore (as of 30th June 2026)

Governance Aspects

  • Audit Committee and Board approved both resolutions on 22nd July 2026
  • Related parties to abstain from voting on Item No. 2
  • None of Directors/KMPs interested except to extent of shareholding
  • Transactions to be on arm's length basis in ordinary course of business

Additional Information

  • Notice dispatched electronically to shareholders with registered email IDs
  • Physical documents available for inspection at registered office in Vadodara and corporate office in Noida
  • Members can submit questions until 6th August 2026
  • Facility for 1,000 members to join VC/OAVM on first-come-first-served basis (exemptions for large shareholders, promoters, institutional investors)