Promoters of inox wind have confirmed that no fresh encumbrance was created on the company's shares during the financial year ended March 31, 2026. The declarations were submitted to the National Stock Exchange of India Limited and BSE Limited on April 8, 2026, in compliance with Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The disclosures provide transparency regarding the pledging of shares by the promoter group, a key metric for investor risk assessment.

Inox Leasing and Finance Limited, acting as the promoter, confirmed that neither it nor any persons acting in concert have created any encumbrance on shares other than those already disclosed. Similar confirmations were submitted by members of the promoter group, including Aryavardhan Trading LLP, Vivek Kumar Jain, Devansh Jain, and Nandita Jain. These entities stated that no direct or indirect encumbrance was created on equity shares during FY26.

Devansh Trademart LLP, a member of the promoter group, provided specific details regarding existing share pledges. The entity confirmed that while no new encumbrance was created, a portion of its holding remains pledged as previously disclosed to the exchanges.

The declarations were signed by authorized representatives, including Vivek Kumar Jain as Director of Inox Leasing and Finance Limited and Designated Partner of Aryavardhan Trading LLP and Devansh Trademart LLP. The filings were addressed to the Secretaries of BSE Limited and the National Stock Exchange of India Limited, requesting that the information be placed on record.

Inox Wind Limited has confirmed the completion of the dispatch of the notice for its 13th Extra-ordinary General Meeting (EGM) scheduled for June 22, 2026. The meeting will be held through Video Conferencing and Other Audio-Visual Means (VC/OAVM) at 12:00 Noon (IST). Shareholders recorded in the Register of Members as of June 15, 2026, will be entitled to vote.

EGM and Voting Details

The remote e-Voting facility will commence on June 18, 2026, at 9:00 A.M. (IST) and conclude on June 21, 2026, at 5:00 P.M. (IST). Shareholders can also vote during the EGM on June 22, 2026. The facility to attend the meeting through VC/OAVM will be available on a first-come-first-served basis for 1,000 members, excluding large shareholders and institutional investors.

Director Remuneration Revision

The Board proposes to revise the fixed component of remuneration payable to Shri Devansh Jain, Whole-Time Director, effective from April 1, 2026, for the remaining period of his tenure up to October 31, 2027. The revision follows a detailed evaluation of the company's improved financial performance and the increased scale of executive responsibilities.

The revised remuneration structure includes a Basic Pay of Rs. 28,70,000 per month, replacing the existing Basic Pay of Rs. 12,00,000 per month. The fixed remuneration will be structured by way of salary, allowances, and perquisites. Shri Devansh Jain will continue to be entitled to a company car with driver, telephone facility, and other benefits such as medical reimbursement and leave travel concession.

Continuation of Directorship

Shareholders will also consider a resolution for the continuation of Shri Mukesh Manglik as a Non-Executive Director upon attaining the age of 75 years. Shri Mukesh Manglik is set to turn 75 on September 16, 2026. The approval is sought pursuant to Regulation 17(1A) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board recommends the continuation based on his performance evaluation and the recommendation of the Nomination and Remuneration Committee, citing his rich industry experience and valuable contributions to the Board's functioning.

Divestment of Material Subsidiary

The company seeks an enabling approval to divest equity shares of Inox Green Energy Services Limited (IGESL), a material subsidiary. Inox Wind Limited currently holds 51.13% of the total equity share capital of IGESL. The resolution permits the Board to reduce the company's shareholding to less than or equal to 50% through one or more tranches.

The divestment may be executed via market sale, block deal, or off-market transaction. The funds raised are intended to support the company's expansion plans and strengthen its balance sheet. The company clarified that no definitive transaction has been finalized as of the notice date, and it intends to retain control over IGESL even after the dilution.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE066P01011/5a0fc10d748d4b53.pdf