Inox Wind Limited submitted its Business Responsibility and Sustainability Report (BRSR) for FY26 to the Bombay Stock Exchange and National Stock Exchange on September 3, 2026. The filing, which includes an independent reasonable assurance report by M/s Jaimin & Associates, covers standalone disclosures across nine principles of responsible business conduct.

The company reported a total workforce of 2,135 individuals as of the end of the financial year. This comprises 462 employees and 1,673 workers. The gender distribution shows that women constitute 6.49% of the employee base and 2.81% of the worker base.

Operational and Financial Disclosures

Inox Wind’s primary business activity is the manufacturing of Wind Turbine Generators (WTGs), which accounted for 95% of its turnover. The remaining 5% came from services. The company operates four plants and six offices nationally, serving customers in eight states including Rajasthan, Gujarat, and Karnataka. It reported no international operations or exports.

The report highlights specific material risks, including inventory piling due to project delays and market consolidation pressures. To mitigate supply chain disruptions for critical components like balsa wood, the company introduced resin as an alternative in select applications.

Environmental Metrics

The sustainability report provides detailed data on energy, water, and waste management:

Energy intensity decreased from 4.52 in FY25 to 3.72 in FY26 per crore of turnover. Conversely, water withdrawal dropped significantly from 43,590 kilolitres to 19,596 kilolitres. The company reported zero fatalities and zero lost-time injuries for both employees and workers during the period.

Governance and Compliance

Inox Wind disclosed penalties of ₹5,60,500 each from the NSE and BSE for non-compliance with board composition requirements, specifically regarding the appointment of an independent woman director. Another penalty of ₹1,27,440 each was levied for failing to obtain prior shareholder approval for an independent director’s appointment. No appeals were filed against these penalties.

The company maintains ISO certifications for quality (ISO 9001:2015), environmental management (ISO 14001:2015), and occupational health and safety (ISO 45001:2018). Related-party transactions showed purchases at 5.69% of total purchases and sales at 12.88% of total sales in FY26, down from 14% and 26% respectively in the previous year.

Inox Wind promoter group entity Devansh Trademart LLP has acquired 30,00,000 equity shares from Inox Leasing and Finance Limited through an inter-se transfer. The transaction took place on August 25, 2026, at a price of ₹73.88 per share, valuing the deal at ₹22,16,40,000. This was disclosed under Regulation 7(2)(b) of the SEBI (Prohibition of Insider Trading) Regulations, 2015.

The acquisition increases Devansh Trademart’s holding in the wind energy firm from 14,90,18,522 shares to 15,20,18,522 shares. This represents a rise in its stake from 8.62% to 8.80% of the total voting capital. Conversely, Inox Leasing and Finance Limited’s stake decreased from 27.71% to 27.54%.

Transaction Details

The inter-se transfer involves entities within the same promoter group, meaning no change in the overall promoter group holding or external ownership structure of Inox Wind. The transaction falls under the exemption provided in Regulation 10(1)(a)(ii) of the SEBI (SAST) Regulations, 2011. A prior intimation under Regulation 10(5) was filed with stock exchanges on August 18, 2026.

The company’s total equity share capital remains unchanged at 172,82,37,822 equity shares of ₹10 each. The total diluted share capital stands at 173,41,41,093 equity shares.

Devansh Trademart reported no encumbrances on the acquired shares. The rationale for the transfer is cited as internal restructuring of shareholding within the Promoter and Promoter Group.