Devansh Trademart LLP intends to acquire 30,00,000 equity shares of Inox Wind Limited from Inox Leasing and Finance Limited through an inter-se transfer. The transaction is part of an internal restructuring of shareholding within the company’s promoter group and will be executed at or after August 24, 2026.

The acquisition represents 0.17% of Inox Wind’s total equity share capital. Both the acquirer and the seller are part of the promoter group of the target company. The shares will be acquired at the ruling market price on the date of acquisition, subject to permissible variances for block deal execution and limits under Regulation 10(1)(a) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Transaction Details

The proposed transfer falls under the exemption provided in Regulation 10(1)(a)(ii) of the Takeover Regulations, which allows inter-se transfers among qualifying persons without triggering an open offer. The volume-weighted average market price for Inox Wind shares over the 60 trading days preceding the notice was approximately ₹83.83. The acquirer has declared that the acquisition price will not exceed 25% above this computed price.

Impact on Shareholding Pattern

Following the transfer, Devansh Trademart LLP’s holding in Inox Wind will increase from 14,90,18,522 shares (8.62%) to 15,20,18,522 shares (8.80%). Conversely, Inox Leasing and Finance Limited’s stake will decrease from 47,89,15,610 shares (27.71%) to 47,59,15,610 shares (27.54%).

The overall shareholding of the promoter group remains unchanged at 76,35,13,104 shares, representing 44.18% of the total equity capital. Other promoters, including Aryavardhan Trading LLP (5.99%) and Vivek Kumar Jain (1.85%), retain their existing stakes.

What the Numbers Show

The transaction highlights a consolidation of holdings within specific entities of the promoter group without altering the aggregate control structure. With the promoter group retaining a stable 44.18% stake, the inter-se transfer serves primarily to adjust individual entity exposures rather than signal a change in strategic control or external dilution.

Inox Wind Limited shareholders approved a resolution concerning material related-party transactions during its 14th Extra-Ordinary General Meeting (EGM) held on August 13, 2026. The company disclosed the voting results and the scrutinizer’s report on August 14, 2026, pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The EGM was conducted through Video Conferencing or Other Audio Visual Means (VC/OAVM). Of the 5,42,739 shareholders on the record date, 95 attended the meeting via video conferencing, comprising 11 promoters and 84 public shareholders. No shareholders were present in person or through proxy.

Voting Results

The resolution required an ordinary majority. The promoter and promoter group, despite being interested parties in the agenda, did not participate in the voting process. The approval was driven entirely by public shareholders, both institutional and non-institutional.

The total votes polled represented 24.61% of the outstanding shares. Among the votes cast, 94.01% were in favor and 5.99% were against. There were no invalid votes recorded.

Scrutinizer’s Report

Priyanka Goel, Partner at J. K. Gupta & Associates, served as the scrutinizer for the electronic voting process conducted under Section 108 of the Companies Act, 2013 and Rule 20 of the Companies (Management and Administration) Rules, 2014. The report confirmed that the management ensured compliance with relevant MCA circulars and SEBI listing regulations.

The voting data was sourced from National Securities Depository Limited, the authorized agency engaged by the company for e-voting facilities. The resolution was deemed passed with the requisite majority on August 13, 2026.