Inox Green Energy Services Limited has fixed Saturday, August 1, 2026, as the record date to determine eligible equity shareholders entitled to receive shares under its demerger scheme with Inox Renewable Solutions Limited. The scheme, which has become effective, involves an arrangement between the two entities and their respective shareholders.

Share Exchange Ratio

Under the approved scheme, shareholders of Inox Green Energy Services Limited will receive equity shares of Inox Renewable Solutions Limited (IRSL) based on a specific exchange ratio. The company confirmed that there are no outstanding warrants, making the warrant-related exchange ratio inapplicable.

Scheme Details

The intimation was made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Scheme of Arrangement between Inox Green Energy Services Limited, identified as the Demerged Company, and Inox Renewable Solutions Limited, identified as the Resulting Company, governs the distribution of shares.

Inox Green Energy Services Limited has approved raising funds aggregating up to ₹600 crore through the issuance of equity shares and other eligible securities to strengthen its financial resources and support growth initiatives. The fund raising comprises a base issue size of up to ₹400 crore and a green shoe option of up to ₹200 crore. The company has scheduled an Extraordinary General Meeting (EGM) on August 13, 2026, to seek shareholder approval for the proposal.

The board authorized the "IGESL Committee of the Board of Directors for Operations" to determine the specific terms and conditions of the fund raise. Securities may be issued via preferential allotment, private placement, Qualified Institutions Placement, or a combination thereof, in one or more tranches. The notice for the 26th EGM was dispatched on July 22, 2026, and newspaper advertisements confirming the dispatch were published on July 23, 2026, in the Financial Express.

The EGM will be held on August 13, 2026, at 3:00 P.M. IST through Video Conferencing or Other Audio-Visual Means. Shareholders registered as of the cut-off date, August 6, 2026, will be eligible to vote. Remote e-voting facilities will be available from August 10, 2026, at 9:00 A.M. IST and will conclude on August 12, 2026, at 5:00 P.M. IST. The results of the voting will be declared within two working days of the conclusion of the EGM.

Members requiring assistance before or during the EGM may contact NSDL via email at evoting@nsdl.com or by calling the toll-free number 022 4886 7000.