Key Financial Figures (Standalone)

Quarter Ended 30th June, 2026:

  • Total Income: ₹80.45 crore
  • Total Expenses: ₹70.957 crore
  • Profit Before Tax: ₹9.493 crore
  • Tax Expense: ₹2.342 crore
  • Net Profit: ₹7.151 crore
  • EBITDA: ₹15.865 crore
  • EPS: ₹0.41

Comparative Figures:

  • March 31, 2026 Quarter: Net Profit ₹8.755 crore, EBITDA ₹18.965 crore
  • June 30, 2025 Quarter: Net Profit ₹8.671 crore, EBITDA ₹15.548 crore
  • FY26 Full Year: Net Profit ₹54.746 crore, EBITDA ₹95.524 crore

Board Decisions

1. Approval of Financial Results: Approved unaudited standalone and consolidated financial results for quarter ended June 30, 2026 along with limited review reports by Dewan P.N. Chopra & Co.

2. Re-appointment of Independent Director: Approved re-appointment of Ms. Madhurima Sayan Das (DIN: 06387873) as Independent Director for a second term of one year effective September 5, 2026, subject to shareholder approval.

  • Profile: Over three decades experience in financial advisory services, M&A across multiple sectors
  • Not related to any other directors
  • Not debarred from directorship by SEBI or any authority

Operational Highlights

SPV Investment Matter:

  • Company invested funds in 6 SPVs through Inter-Corporate deposits and provided bank guarantees of ₹557.8 crore
  • SPV project completion dates expired, extension applications rejected on September 2, 2024
  • Bank guarantees invoked, appeal filed with CERC which was disposed on November 17, 2025
  • Company planning appeal in APTEL with condonation of delay
  • Shareholders approved that Inox Wind will bear costs if funds cannot be recovered
  • Investment in 3 SPVs sold during previous year

Related Party Transactions:

  • Quarter ended June 30, 2026: ₹154.47 crore purchase of stock-in-trade from related parties
  • March 31, 2026: ₹92.83 crore
  • June 30, 2025: ₹78.00 crore
  • FY26 Full Year: ₹220.50 crore

Rights Issue Details:

  • Board approved July 17, 2025: ₹1,249.33 crore rights issue
  • In-principle approvals from NSE (July 21, 2025) and BSE (July 22, 2025)
  • Issue terms: 10,41,10,712 shares at ₹120 per share (₹10 face value + ₹110 premium)
  • Ratio: 5 rights shares for every 78 shares held
  • Issue period: August 6-20, 2025
  • No deviation in use of proceeds

Corporate Restructuring:

  • Demerger scheme between Inox Renewable Solutions Limited and Inox Green Energy Services Limited approved by NCLT on March 13, 2026
  • Effective from May 4, 2026 after ROC filing
  • Share exchange: 122 shares in resulting company for every 1000 shares in demerged company

Subsidiary Updates

  • Holding in Inox Renewable Services Limited diluted from 88.84% to 88.41% as of June 30, 2026
  • Investment of ₹275.43 lakh transferred to group parties aggregating ₹4,819.99 lakh
  • Expected further dilution to 79.75% due to demerger scheme
  • Company maintains control as per Ind AS 110

Regulatory Matters

  • EPCG licenses with custom duties saved amounting to ₹430.6 lakh (including interest) have expired
  • Applications for extension pending with authorities
  • Management believes no significant impact on financial statements

Audit Qualifications

Limited review report by Dewan P.N. Chopra & Co. includes:

  • Emphasis of matter regarding SPV investments
  • Emphasis of matter regarding revenue recognition from O&M services amounting to ₹1,121.2 lakh
  • No modification of conclusion

Meeting Details

  • Board meeting commenced at 3:35 PM and concluded at 4:05 PM on August 7, 2026
  • Financial results reviewed by Audit Committee and approved by Board