NSE Symbol
INOXGREEN
Key Development
The Hon'ble National Company Law Tribunal, Ahmedabad Bench (NCLT) orally pronounced an order on 27th July, 2026 approving the resolution plan dated 13th February, 2026 (read with addendum dated 20th May, 2026) submitted by the consortium comprising Inox Neo Energies Limited and Authum Investment & Infrastructure Limited (Authum).
Background Context
This disclosure is in furtherance of the company's previous disclosure dated 19th February, 2026 regarding the approval by the committee of creditors of Wind World (India) Limited (WWIL) of the resolution plan submitted by the consortium and declaration of the consortium as the successful resolution applicant.
Resolution Plan Details
The Resolution Plan contemplates that:
- INOXGFL Group companies shall acquire the independent power producer (IPP) and power sale undertaking of WWIL
- INOXGFL Group companies shall acquire the operations and maintenance (O&M) business of WWIL
- Authum and/or its affiliates shall acquire certain identified real estate assets and/or other assets of WWIL
- All acquisitions to be made in the manner permissible under the Resolution Plan
Current Status and Next Steps
The disclosure is based on the oral pronouncement of order by the NCLT. A detailed disclosure shall be made upon the written certified copy of the order being made available as required under the Listing Regulations and other applicable laws.