Inox Green Energy Services has allotted 4,89,82,030 fully paid-up equity shares of Inox Renewable Solutions Limited (IRSL) to its eligible shareholders. The allotment follows the National Company Law Tribunal’s sanction of the scheme of arrangement between the two entities.

The record date for determining eligible shareholders was fixed as August 1, 2026. Shareholders holding equity in Inox Green Energy Services on this date were entitled to receive the IRSL shares based on the exchange ratio specified in Clause 7 of the scheme.

Scheme Implementation Details

The IRSL Committee of the Board of Directors for Operations approved the allotment during its meeting on August 24, 2026. The shares carry a face value of ₹10 each. The company is now proceeding with crediting these shares to the demat accounts of eligible investors.

Regulatory and Listing Status

This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The scheme was sanctioned by the Hon’ble National Company Law Tribunal, Ahmedabad Bench, vide order dated March 13, 2026.

Inox Renewable Solutions is taking necessary steps to obtain listing and trading approvals from stock exchanges for the newly allotted equity shares. Investors are advised to monitor official communications regarding the commencement of trading.

Inox Green Energy Services shareholders approved critical strategic moves at the company’s 26th Extra-Ordinary General Meeting (EGM) held on August 13, 2026. The assembly passed both a special resolution to raise capital through equity instruments and an ordinary resolution sanctioning a material related party transaction, signaling strong investor confidence in the firm’s growth trajectory.

The EGM was conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM). Of the 1,15,251 shareholders on record as of the cut-off date, August 6, 2026, only 54 attended the virtual session: five from the promoter group and 49 public shareholders. Despite low physical attendance, remote e-voting participation was robust, with votes cast representing over 70% of outstanding shares for the capital raise resolution.

Voting Results Breakdown

The special resolution seeking approval for raising funds in one or more tranches via issuance of equity shares or other eligible securities passed with near-unanimous support. Promoters voted in favor of 100% of their polled votes, while public institutions also backed the measure entirely. Non-institutional public shareholders showed slight dissent, with 2,269 votes against out of nearly 40 million polled.

The ordinary resolution regarding the material related party transaction also cleared easily. Notably, promoters abstained from voting on this item as they were interested parties, adhering to regulatory norms. The transaction received full backing from institutional investors and overwhelming support from non-institutional shareholders.

What the Numbers Show

The voting data reveals a distinct divergence in engagement levels between promoter groups and public shareholders. While promoters held approximately 56% of the total shares (225 million out of 401 million), their active participation was limited to the special resolution. For the related party transaction, promoter voting was zero due to conflict of interest rules. Consequently, the outcome of the RPT resolution relied heavily on public shareholder sentiment, particularly institutions who voted unanimously in favor. This suggests that while promoters drive capital structure decisions, institutional confidence is the key determinant for approving related-party dealings.

Procedural Compliance

The e-voting process was facilitated by National Securities Depository Limited (NSDL), with remote voting open from August 10 to August 12, 2026. Ashok, Partner at VAPN & Associates, served as the independent scrutinizer. The scrutinizer’s report confirmed that the voting process complied with Section 108 of the Companies Act, 2013, Rule 20 of the Companies (Management and Administration) Rules, 2014, and SEBI LODR Regulations. The results were unblocked and verified in the presence of two independent witnesses on August 13, 2026, at 3:44 pm IST.