EGM Details
- Meeting Date: Thursday, 13th August, 2026
- Time: 12:00 Noon (IST)
- Mode: Video Conferencing/Other Audio-Visual Means (VC/OAVM)
- Cut-off Date: Thursday, 6th August, 2026 (for determining voting eligibility)
- Remote e-Voting Period: Monday, 10th August, 2026 (9:00 AM IST) to Wednesday, 12th August, 2026 (5:00 PM IST)
- Scrutinizer: Shri Jitesh Gupta (ICSI Membership No. FCS 3978 and CP No. 2448), Partner of M/s. J. K. Gupta & Associates
Business to be Transacted
Special Business - Item No. 1: Approval of material related party transactions
Resolution Part (i): Transaction with Inox Clean Energy Limited and/or its subsidiaries
- Purpose: Sale and supply of wind turbine generators (WTGs) with ancillary equipment
- Related Party: Inox Clean Energy Limited (ICEL) and/or any of its subsidiaries
- Transaction Value: Up to ₹3,500 Crore (Rupees Three Thousand and Five Hundred Crore)
- Capacity: Approximately 500 MW of WTGs
- Period: From conclusion of EGM until 31st March, 2029
- Basis: Ordinary course of business, arm's length basis
- Context: First tranche of supply opportunity under Framework Agreement dated 16th June, 2026 for up to 1,500 MW WTGs
Resolution Part (ii): Transaction with Inox Green Energy Services Limited
- Purpose: Providing guarantees, securities, indemnities, comfort letters and/or credit enhancement support
- Related Party: Inox Green Energy Services Limited (IGESL)
- Transaction Value: Up to ₹500 Crore (Rupees Five Hundred Crore)
- Period: From conclusion of EGM until expiry of 12 months
- Basis: Ordinary course of business, arm's length basis
- Nature: Enabling omnibus approval for future business requirements
Materiality Assessment
- Company's Annual Consolidated Turnover (FY 2025-26): ₹4,397.12 Crore
- Materiality Threshold (10% of turnover): ₹439.71 Crore
- Both transactions exceed materiality threshold, requiring shareholder approval under Regulation 23 of SEBI LODR Regulations
Previous Transactions with Related Parties
With ICEL and subsidiaries (FY 2025-26):
- Sales of goods and services: ₹224.36 Crore
- Advance from customer: ₹387.15 Crore
- Inter-corporate deposit given: ₹0.81 Crore
- Inter-corporate deposit taken: ₹9.00 Crore
- Guarantee commission received: ₹1.85 Crore
- Total: ₹623.17 Crore
With IGESL (FY 2025-26):
- Purchase/availing of services: ₹33.68 Crore
- Sale of goods: ₹7.52 Crore
- Giving of inter-corporate deposits: ₹85.93 Crore
- Receiving of inter-corporate deposits: ₹160.51 Crore
- Reimbursement of expenses paid: ₹0.40 Crore
- Reimbursement of expenses received: ₹1.25 Crore
- Total: ₹289.29 Crore
- Existing guarantees for IGESL: ₹135 Crore (as of 30th June, 2026)
Financial Performance of Related Parties
Inox Clean Energy Limited (Consolidated, FY 2025-26 provisional):
- Turnover: ₹328.38 Crore
- Profit After Tax: ₹43.08 Crore
- Net worth: ₹2,270.57 Crore
Inox Green Energy Services Limited (Standalone, FY 2025-26):
- Turnover: ₹238.48 Crore
- Profit After Tax: ₹52.46 Crore
- Net worth: ₹1,731.52 Crore
Governance Approvals
- Audit Committee Meeting Date: 16th July, 2026
- Board of Directors Meeting Date: 16th July, 2026
- Both committees approved the transactions, considering them in ordinary course of business, arm's length basis, and in best interests of the company and minority shareholders
Interested Parties
- Shri Devansh Jain (Whole-time Director): Deemed interested in both transactions
- For ICEL transaction: Director on ICEL board, holds 95.43% equity jointly with relatives, exercises control
- For IGESL transaction: Jointly with relatives indirectly exercises control over IGESL
- Shri Brij Mohan Bansal (Independent Director): Holds 700 equity shares in IGESL
- No other directors, KMPs or their relatives are interested
Voting Restrictions
Document Availability
- Notice dispatched electronically to shareholders with registered email IDs
- Available on company website: www.inoxwind.com
- Available on stock exchange websites: BSE (www.bseindia.com) and NSE (www.nseindia.com)
- Available on NSDL e-Voting website: https://eservices.nsdl.com
Additional Information
- The company provides wind energy solutions and is part of INOXGFL Group
- ICEL is the integrated renewable energy platform of INOXGFL Group
- IGESL is a material subsidiary (51.13% owned) engaged in operations and maintenance services
- The transactions support the INOXGFL Group's 'One Integrated' renewable strategy
#Tags: #InoxWind #RelatedPartyTransaction #SEBIDisclosure #RegulatoryCompliance #EGMNotice #WindEnergy #CorporateGovernance