Inox Green Energy Services Limited held its 14th Annual General Meeting on September 25, 2026, where shareholders voted to approve all seven proposed resolutions. The meeting focused on adopting the company's financial statements for the fiscal year ended March 31, 2026, and approving several director re-appointments.

The proceedings were conducted via Video Conferencing and Other Audio-Visual Means due to regulatory allowances. Manoj Dixit, Whole-time Director, served as the Chairman of the meeting. The session commenced at 12:00 pm and concluded at 12:47 pm, with remote e-voting having opened on September 22, 2026.

Key resolutions passed

Shareholders were asked to vote on both ordinary and special business items. The agenda included the adoption of audited standalone and consolidated financial statements for FY26. Additionally, the Board proposed the re-appointment of existing directors to ensure leadership continuity.

The following items were put forth for approval:

• Adoption of Audited Standalone and Consolidated Financial Statements for FY26.
• Re-appointment of Manoj Dixit as a Director.
• Re-appointment of Manoj Dixit as Whole-time Director (Special Resolution).
• Re-appointment of Bindu Saxena as Independent Director (Special Resolution).
• Ratification of remuneration for Cost Auditors for FY27.
• Approval of material related party transactions for the company and its subsidiaries.

Voting results summary

The scrutinizer's report confirmed that all resolutions were passed with the requisite majority. Notably, the resolution regarding the re-appointment of Bindu Saxena as an Independent Director saw 3.70% dissenting votes, while other key appointments received over 98% support from voting shareholders.

Voting and disclosure details

The Chairman announced that Anup Kumar Jain, Company Secretary, was authorized to declare the e-voting results. These results, along with the Scrutinizer's Report, will be displayed on the company website and stock exchange platforms within two working days of the meeting's conclusion.

The filing was submitted to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No specific financial figures or performance metrics were disclosed in the summary of proceedings provided.

Inox Green Energy Services Limited has submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the stock exchanges. The filing, dated September 3, 2026, provides a standalone disclosure of the company’s environmental, social, and governance metrics alongside material risk assessments.

Operational Risks and Mitigation

The company identified several key risks in its operations. It highlighted a dependency on Inox Wind, its parent entity, for critical spare parts such as gearboxes and blades. To address this structural risk, management plans to qualify alternate suppliers through its engineering and quality departments.

Regarding financial stability, the report notes that legacy exposures from its transferred EPC business have been neutralized. All contingent liabilities have been cleared, and redeemable preference shares were converted into equity. This eliminates the risk of unexpected redemption calls on cash.

Environmental Metrics

Total energy consumption for FY26 stood at 20,830 units, comprising 823 units of electricity and 20,007 units of fuel. This compares to 75,698 units in the previous year. Greenhouse gas emissions (Scope 1 and Scope 2) totaled 1,550 metric tonnes of CO2 equivalent, down from 5,453 metric tonnes in FY25.

Water withdrawal was recorded at 4,225 kilolitres, entirely from groundwater sources. Total waste generated decreased to 29.68 metric tonnes from 60 metric tonnes in the prior year, with 25.17 metric tonnes recovered through recycling or sales.

What the Numbers Show

The divergence between energy intensity and total consumption warrants attention. While total energy consumption fell significantly from 75,698 to 20,830 units, the energy intensity per crore rupee of turnover rose from 0.270 to 0.740. This suggests that revenue growth outpaced the reduction in absolute energy usage, or that the remaining energy mix is more intensive relative to the current turnover base.

Social Governance

The company reported a workforce of 357 permanent employees and 213 workers as of the end of FY26. There were no fatalities among employees, though one worker fatality was recorded. The Lost Time Injury Frequency Rate (LTIFR) for employees was 0.806 per million person-hours worked.

Related-party transactions accounted for 16.15% of purchases and 25.09% of sales in FY26. Loans and advances to related parties constituted 100% of the total loans and advances given by the entity.