inox wind has scheduled its 14th Extra-Ordinary General Meeting (EGM) on August 13, 2026, to seek shareholder approval for material related party transactions worth ₹4,000 crore. The meeting, to be held via Video Conferencing, will consider an ordinary resolution to approve the sale of wind turbine generators to Inox Clean Energy Limited and its subsidiaries for an aggregate consideration of up to ₹3,500 crore. Additionally, the company seeks approval to provide guarantees and other credit enhancement support to Inox Green Energy Services Limited for an amount up to ₹500 crore.

The transaction with Inox Clean Energy Limited involves the supply of approximately 500 MW of wind turbine generators, forming part of a Framework Agreement dated June 16, 2026, for the supply of up to 1,500 MW. The approval is sought for the period commencing from the conclusion of the EGM and ending on March 31, 2029. The company stated that these transactions would be undertaken in the ordinary course of business and on an arm's length basis, supporting the INOXGFL Group's integrated renewable strategy.

The proposal for Inox Green Energy Services Limited, a material subsidiary, involves providing guarantees, securities, indemnities, comfort letters, and other forms of credit enhancement support. This enabling approval is sought for a period of 12 months from the conclusion of the EGM. The company noted that these measures are required to facilitate the subsidiary's business requirements, support execution of growth plans, and enhance financial flexibility.

The Audit Committee and the Board of Directors of Inox Wind Limited reviewed and approved the proposed transactions on July 16, 2026. The company's annual consolidated turnover for FY 2025-26 was ₹4,397.12 crore, placing it in a slab where transactions exceeding 10% of turnover, or ₹439.71 crore, are considered material. Both proposed transactions exceed this threshold, necessitating shareholder approval.

Shri Devansh Jain, Whole-time Director of the company, is deemed interested in the proposed transactions as he holds directorships and significant shareholding in the related parties. The remote e-voting facility will commence on August 10, 2026, at 9:00 A.M. and end on August 12, 2026, at 5:00 P.M. Shareholders recorded in the Register of Members as of August 6, 2026, are entitled to vote.

Key Details of Proposed Transactions

Financial Metrics of Related Parties

Inox Wind Limited executed binding agreements on June 29, 2026, for the partial divestment of equity shares in its material subsidiary, Inox Renewable Solutions Limited (IRSL). The transaction involves an aggregate consideration of approximately ₹50 crore, reducing the company's shareholding in IRSL from 88.84% to 87.98%. The divestment is classified as a related party transaction conducted at arm's length, with shares sold to third parties not belonging to the promoter group.

IRSL, formerly known as Resco Global Wind Services Private Limited, contributed 12.83% to the consolidated revenue and 14.07% to the consolidated net worth of Inox Wind in FY 2025-26. The subsidiary reported a revenue of ₹564.05 crore and a net worth of ₹897.77 crore during the last financial year. The transaction is expected to be completed within the next 10 days of the agreement date.

Financial and Operational Details

The material subsidiary, Inox Renewable Solutions Limited, has a paid-up capital of ₹161,94,12,560, comprising 16,19,41,256 equity shares of face value ₹10 each. The divestment follows an earlier authorization by shareholders at the 13th Extra-Ordinary General Meeting held on June 22, 2026, where the resolution to divest equity shares in a material subsidiary was approved with 80.85% votes in favor.