Indowind Energy has received a formal declaration from its promoter, Bala Venckat Kutti, confirming that no encumbrance — direct or indirect — was created on the company's shares during the financial year 2025-26, beyond those already disclosed. The declaration was submitted on April 3, 2026, in compliance with the applicable SEBI regulations governing substantial acquisition of shares and takeovers.

Regulatory Disclosure Under SEBI Takeover Regulations

The disclosure was made pursuant to Regulation 31(4) and 31(5) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. Bala Venckat Kutti filed the declaration on behalf of the promoters and members of the Promoter Group of Indowind Energy Limited. The filing was addressed to both BSE Limited and the National Stock Exchange of India Limited, and a copy was also submitted to the Audit Committee of Indowind Energy Limited.

Key Details of the Disclosure

The following table summarises the key parameters of the regulatory filing:

Compliance Context

Under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, promoters of listed companies are required to disclose any encumbrance on shares held by them or their group. Regulation 31(4) mandates that promoters declare, at the end of each financial year, whether any encumbrance has been created during that period. Regulation 31(5) requires a specific declaration if no such encumbrance has been made. The filing by Bala Venckat Kutti satisfies the requirement under Regulation 31(5), confirming the absence of any new encumbrance during FY 2025-26, other than those previously disclosed. The disclosure was digitally signed on April 3, 2026, at 21:20:54 IST.

Indowind Energy Limited has informed the stock exchanges of a modification to the National Company Law Tribunal (NCLT), Chennai's order pertaining to the Scheme of Amalgamation of Ind Eco Ventures Limited with the company. The disclosure, made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, was filed on May 7, 2026, with the company having received the modified order on May 6, 2026.

Background of the Amalgamation Scheme

The NCLT, Chennai had originally approved the Scheme of Amalgamation of Ind Eco Ventures Limited with Indowind Energy Limited vide its order dated March 10, 2026, under petition number C.P.(CAA)/65(CHE)2024, pursuant to Sections 230-232 of the Companies Act, 2013. Indowind Energy had intimated the exchanges of this approval on March 13, 2026. Subsequently, the company filed an application — IA(C.A)/92(CHE)2026 — before the Hon'ble NCLT, Chennai, seeking certain modifications to the said order.

Key Modifications Allowed by NCLT

The Hon'ble Tribunal, comprising Shri. Jyoti Kumar Tripathi, Member (Judicial), and Shri. Ravichandran Ramasamy, Member (Technical), heard the application on April 29, 2026, via video conferencing and allowed it. The following modifications were made to the original order:

Income Tax NOC and Section 281 Certificate

With respect to the first modification, the Tribunal noted that the Income Tax Department had issued a No Objection Certificate for the scheme of amalgamation vide its letter dated February 21, 2025. Additionally, a report certificate under Section 281(1)(ii) of the Income-tax Act, 1961, dated July 14, 2025, was also submitted. Both the NOC and the Section 281 certificate were taken on record, and the observation in Clause 8.2.1 of the original order was modified accordingly. The Tribunal's order reiterated that the Income Tax Department reserves its rights to proceed against the petitioner companies through independent proceedings under the provisions of the Income Tax Act, and that the filing of the memo shall not amount to a waiver of such rights.

Correction of Appointed Date

Regarding the second modification, the Tribunal acknowledged that in its order dated March 10, 2026, the Appointed Date had been mentioned as April 1, 2023. This was corrected to April 1, 2024, in view of the meetings held on August 12, 2025, as stated by the applicant and in line with the Board approval and filings made before the Tribunal. With these modifications allowed, IA(C.A)/92(CHE)2026 was disposed of by the NCLT, Chennai.

Regulatory Disclosure

Indowind Energy's Company Secretary and Compliance Officer, B. Sharath, signed the disclosure filed with BSE Limited and the National Stock Exchange of India Limited. The communication confirms that the company has complied with its obligations under Regulation 30 of the SEBI (LODR) Regulations, 2015, by informing the exchanges of this material development in the amalgamation proceedings.