Remote e-Voting Period: Thursday, 18th June, 2026 (9:00 AM IST) to Sunday, 21st June, 2026 (5:00 PM IST)
e-Voting Platform: National Securities Depository Limited (NSDL)
Resolutions for Shareholder Approval
Item No. 1: Continuation of Directorship of Shri Mukesh Manglik
Resolution Type: Special Resolution
Purpose: Approval for continuation of directorship of Shri Mukesh Manglik (DIN: 07001509) as a Non-Executive Director upon attaining age 75 years
Regulatory Reference: Pursuant to Regulation 17(1A) of SEBI Listing Regulations
Background: Appointed at 11th AGM (23rd September 2020), re-appointed most recently at AGM (26th September 2025)
Age Attainment: Will attain 75 years on 16th September, 2026
Justification: Vast experience in power electronics and process controls, over two decades in wind sector, heads Engineering and Product Development Department
Item No. 2: Revision in Fixed Remuneration of Shri Devansh Jain
Resolution Type: Special Resolution
Purpose: Revision in fixed component of remuneration for Shri Devansh Jain (DIN: 01819331), Whole-time Director
Effective Date: 1st April, 2026 for remaining tenure until 31st October, 2027
Regulatory References: Sections 196, 197, 198 of Companies Act, 2013; SEBI Listing Regulations
Current Remuneration: Basic Pay of ₹12,00,000 per month (grade: ₹12,00,000 - 1,00,000 - 16,00,000)
Revised Remuneration: Basic Pay of ₹28,70,000 per month (grade: ₹28,70,000 - 1,00,000 - 29,70,000)
Additional Benefits: Company car with driver, telephone facility, medical reimbursement, leave travel concession, leave encashment, gratuity
Conditions: Subject to overall limits under Section 197 of Companies Act read with Schedule V; payable as minimum remuneration in case of loss/inadequacy of profits
Approval Process: Recommended by Nomination and Remuneration Committee, approved by Audit Committee and Board of Directors
Item No. 3: Divestment of Equity Shares in Inox Green Energy Services Limited
Resolution Type: Special Resolution
Purpose: Enabling approval for potential divestment of equity shares in material subsidiary Inox Green Energy Services Limited (CIN: L45207GJ2012PLC070279)
Current Holding: 51.13% of total equity share capital
Proposed Action: Divestment by sale, transfer, assignment or disposal to one or more investors in one or more tranches
Potential Outcome: Reduction of Company's shareholding to ≤50% of IGESL's equity share capital
Regulatory Reference: Pursuant to Regulation 24(5) of SEBI Listing Regulations
Use of Proceeds: Funds to support Company's expansion plans and strengthen balance sheet
Control Retention: Company intends to continue retaining control over IGESL even after dilution
Status: Enabling resolution only; no definitive transaction finalized
Director Profiles
Shri Mukesh Manglik
Date of Birth: 16th September, 1951 (74 years)
First Appointment: 29th August, 2020
Qualification: Bachelor's Degree in Electrical Engineering
Experience: Over four decades in power electronics and process controls, including two decades in wind sector
Current Directorships: 2 listed companies (Inox Wind Limited, Inox Green Energy Services Limited), 8 unlisted companies
Committee Memberships: Nomination & Remuneration Committee, Business Responsibility Committee, IWL Committee of the Board of Directors for Operations
Board Meeting Attendance: 3 out of 6 meetings in FY ending 31st March, 2026
Shareholding: Nil
Shri Devansh Jain
Date of Birth: 13th October, 1986 (39 years)
First Appointment: 25th April, 2009
Qualification: Dual major degree in Economics and Business Administration from Carnegie Mellon University
Experience: Instrumental in INOXGFL Group's entry into renewable energy sector, led listings of Inox Wind (2015) and Inox Green Energy (2022)
Current Directorships: 1 listed company (Inox Wind Limited), 10 unlisted companies
Committee Memberships: Chairman of CSR Committee, member of Audit Committee, Stakeholders Relationship Committee, Business Responsibility Committee, Risk Management Committee, IWL Committee of the Board of Directors for Operations
Board Meeting Attendance: 2 out of 6 meetings in FY ending 31st March, 2026
Shareholding: 63,200 Equity Shares
Voting and Meeting Procedures
e-Voting Facility: Available through NSDL platform for remote voting and meeting participation
VC/OAVM Capacity: Available for 1,000 members on first-come-first-served basis (excludes large shareholders, promoters, institutional investors, directors, KMPs, committee chairpersons, auditors)
Query Submission: Members can submit questions until 15th June, 2026 to Company Secretary
Scrutinizer: Shri Jitesh Gupta (ICSI Membership No. FCS 3978), Partner of M/s. J. K. Gupta & Associates
Result Declaration: Within 48 hours of EGM conclusion, to be posted on company website and NSDL website
Document Availability
Dispatch: Electronic-only to shareholders with registered email addresses
