Indowind Energy Limited has filed its quarterly compliance certificate with BSE and NSE regarding the dematerialization of shares for the quarter ended 31st March, 2026. The submission was made on 09th April, 2026, in accordance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Details

The company confirmed that dematerialization requests were received from shareholders during the quarter ended 31st March, 2026. This mandatory disclosure ensures transparency in the share dematerialization process and maintains compliance with securities market regulations.

Registrar and Transfer Agent Confirmation

Bigshare Services Private Ltd., serving as the company's Registrar and Transfer Agent, issued a confirmation certificate dated 08th April, 2026. The RTA certified that all securities received from depository participants for dematerialization up to 31st March, 2026 were properly processed and confirmed to the depositories.

The certificate confirms that security certificates received for dematerialization have been mutilated and cancelled after due verification by the depository participant. Additionally, the names of the depositories have been substituted in the register of members as registered owners within the prescribed 15-day timeline from receipt of certificate of securities.

Corporate Information

Indowind Energy Limited, incorporated with CIN L40108TN1995PLC032311, operates in the renewable energy sector. The company maintains its registered office at Kothari Building, 4th Floor, 114 M G Road, Nungambakkam, Chennai - 600034. B Sharath serves as the Company Secretary and Compliance Officer, responsible for regulatory filings and compliance matters.

This quarterly filing demonstrates the company's commitment to maintaining transparency and adhering to securities market regulations governing the dematerialization process.

Indowind Energy Limited has received approval from the National Company Law Tribunal (NCLT), Chennai Bench, for its scheme of amalgamation with wholly owned subsidiary Ind Eco Ventures Limited. The tribunal sanctioned the merger through its order dated March 10, 2026, which was received by the company on March 12, 2026.

NCLT Approval Details

The amalgamation involves Indowind Energy Limited as the transferee company and Ind Eco Ventures Limited as the transferor company. The scheme was filed under Sections 230 to 232 of the Companies Act, 2013, with the petition number CP/CAA/65/2024.

Implementation Process

The merger will take effect from the appointed date of April 1, 2023, upon filing of the NCLT order with the Registrar of Companies through e-form INC-28. Following this filing, the transferor company Ind Eco Ventures Limited will stand dissolved without undergoing the winding-up process.

The NCLT order was presided over by Hon'ble Member (Judicial) Shri. Jyoti Kumar Tripathi and Hon'ble Member (Technical) Shri. Ravichandran Ramasamy at the Division Bench, Court-II, Chennai.

Strategic Rationale

The scheme provides several strategic benefits for the combined entity:

• Structural Simplification: Simplification of the holding structure to provide integrated capabilities and build sustainable business operations
• Market Expansion: Access to new markets, customers, and channels leading to increased market penetration and competitiveness
• Cost Optimization: Reduction in management overlaps and elimination of legal and regulatory compliance costs
• Capital Efficiency: Optimized allocation of capital and availability of funds for operational growth opportunities
• Operational Savings: Cost savings critical for long-term sustainability and optimal resource utilization
• Transaction Elimination: Removal of inter-company transactions between the transferor and transferee companies

Regulatory Compliance

The companies have fulfilled all statutory requirements, including notices to regulatory authorities such as the Regional Director, Official Liquidator, Registrar of Companies, Income Tax Department, SEBI, NSE, and BSE Limited. The tribunal dispensed with meetings of equity shareholders and creditors based on the wholly owned subsidiary relationship between the entities.

Post-Merger Structure

Upon completion of the amalgamation, all properties, rights, interests, liabilities, powers, engagements, obligations, and duties of Ind Eco Ventures Limited will be transferred to and vested in Indowind Energy Limited. All employees of the transferor company will become employees of the transferee company without any interruption in service and with continuity of terms and conditions.

The accounting treatment will follow Appendix-C 'Business combinations of entities under common control' of Indian Accounting Standard (Ind AS) 103, as the transaction involves entities controlled by the same party before and after the merger.