Meeting Details

  • Date of Meeting: Monday, 22nd June, 2026
  • Time: 12:00 Noon (IST)
  • Location: Conducted through Video Conferencing/Other Audio Visual Means (VC/OAVM) facility
  • Meeting Type: Extra-Ordinary General Meeting
  • Total shareholders on record date: 525,720
  • Shareholders present in person or through proxy: 0
  • Shareholders attended through Video Conferencing: 81 (Promoters: 11, Public: 70)

Proposed Resolutions and Implications

Three special business resolutions were considered:

1. Resolution 1: Approval for continuation of directorship of Shri Mukesh Manglik as a Non-Executive Director of the Company upon attaining the age of 75 years

2. Resolution 2: Approval for revision in the fixed remuneration of Shri Devansh Jain, Whole-Time Director of the Company for the remaining period of his tenure

3. Resolution 3: Approval for divestment of equity shares of Inox Green Energy Services Limited, a material subsidiary of the Company

None of the resolutions had promoter/promoter group interest.

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting
  • Electronic voting during the EGM
  • No postal ballot was used
  • No physical polling occurred

Key Voting Outcomes

Resolution 1: Director Continuation (Mukesh Manglik)

  • Total votes cast: 1,212,945,925 shares (70.184% of outstanding shares)
  • Overall result: 85.6718% in favor, 14.3282% against - RESOLUTION PASSED
  • Promoter voting: 763,386,072 votes (99.9834% of promoter shares) - 100% in favor
  • Public institutions voting: 365,444,245 votes (85.4141% of institution shares) - 52.476% in favor, 47.524% against
  • Public non-institutions voting: 84,115,608 votes (15.6676% of non-institution shares) - 99.858% in favor, 0.142% against

Resolution 2: Remuneration Revision (Devansh Jain)

  • Total votes cast: 1,212,819,525 shares (70.1767% of outstanding shares)
  • Overall result: 96.1467% in favor, 3.8533% against - RESOLUTION PASSED
  • Promoter voting: 763,259,672 votes (99.9668% of promoter shares) - 100% in favor
  • Public institutions voting: 365,444,245 votes (85.4141% of institution shares) - 87.2565% in favor, 12.7435% against
  • Public non-institutions voting: 84,115,608 votes (15.6676% of non-institution shares) - 99.8056% in favor, 0.1944% against

Resolution 3: Subsidiary Divestment (Inox Green Energy Services)

  • Total votes cast: 1,212,945,925 shares (70.184% of outstanding shares)
  • Overall result: 80.8468% in favor, 19.1532% against - RESOLUTION PASSED
  • Promoter voting: 763,386,072 votes (99.9834% of promoter shares) - 100% in favor
  • Public institutions voting: 365,444,245 votes (85.4141% of institution shares) - 36.4531% in favor, 63.5469% against
  • Public non-institutions voting: 84,115,608 votes (15.6676% of non-institution shares) - 99.8941% in favor, 0.1059% against

Scrutinizer's Role and Findings

J. K. Gupta & Associates, represented by Jitesh Gupta (Partner, CP No. 2448), was appointed as scrutinizer to oversee the e-voting process. The scrutinizer verified:

  • Compliance with Companies Act, 2013 and SEBI LODR Regulations
  • Voting was conducted through National Securities Depository Limited
  • All three resolutions passed with requisite majority
  • No invalid votes were cast in any category

Scrutinizer's Detailed Breakdown:

Resolution 1 (Director Continuation):

  • 526 members voted: 517 through remote e-voting, 9 at EGM
  • 1,039,152,654 shares voted in favor (85.67% of voted shares)
  • 173,793,271 shares voted against (14.33% of voted shares)

Resolution 2 (Remuneration Revision):

  • 590 members voted: 581 through remote e-voting, 9 at EGM
  • 1,166,085,687 shares voted in favor (96.15% of voted shares)
  • 46,733,838 shares voted against (3.85% of voted shares)

Resolution 3 (Subsidiary Divestment):

  • 518 members voted: 509 through remote e-voting, 9 at EGM
  • 980,628,491 shares voted in favor (80.85% of voted shares)
  • 232,317,434 shares voted against (19.15% of voted shares)

Compliance Confirmation

The document confirms compliance with:

  • Section 108 of the Companies Act, 2013
  • Rule 20 of the Companies (Management and Administration) Rules, 2014
  • Relevant MCA Circulars
  • Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Additional Information

The voting results were uploaded on the company website www.inoxwind.com as required by regulations.