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/INE066P01011/2206931a-b888-4c69-9552-621fd5d4ea1c.pdf

Inox Wind Limited reported a 24% year-on-year rise in consolidated revenue from operations to ₹4,397 crore for the financial year ended March 31, 2026, while consolidated net profit increased 3% to ₹449 crore. The company's total consolidated income for FY26 stood at ₹4,569 crore, a 23% increase from the previous year. The Board of Directors approved the audited standalone and consolidated financial results at its meeting held on May 29, 2026. Subsequently, the company held a conference call with analysts and investors on the same day to discuss the results.

Annual Financial Performance

The company's full-year results reflected strong growth across key metrics. Consolidated EBITDA for the year rose 25% to ₹1,232 crore from ₹985 crore in FY25. The company reported a consolidated cash profit after tax (PAT) of ₹1,032 crore for FY26, an increase of 28% from the previous year. On a standalone basis, net profit for the year stood at ₹54,746 lakh, compared to ₹38,406 lakh in the previous year, while standalone revenue from operations increased 11.4% to ₹3,89,640 lakh.

The following table summarises the consolidated annual financial performance:

Q4 Performance

For the quarter ended March 31, 2026, Inox Wind's consolidated results reflected a year-on-year decline across key metrics. Q4 consolidated net profit fell 44% to ₹106 crore, compared to ₹190 crore in the corresponding period of the previous year. Consolidated revenue for the quarter stood at ₹1,244 crore, against ₹1,275 crore in the same period last year. Consolidated EBITDA for the quarter decreased to ₹333 crore from ₹356 crore in Q4 FY25, with the EBITDA margin contracting to 16.04% from 19.95% in the year-ago period.

The Q4 consolidated metrics are summarised below:

Operational Highlights

The company's paid-up equity share capital increased to ₹1,728 crore as of March 31, 2026, following the rights issue of shares aggregating ₹1,249.33 crore which opened on August 6, 2025. The order book stands at approximately 3.1 GW, providing revenue visibility for over 24 months. In FY26, the company secured orders aggregating to approximately 600 MW from customers including Aditya Birla, Amplus/Gentari, Jakson, First Energy, and Leap Green. The working capital cycle improved by approximately 15 days in Q4 FY26.

The company noted that supply and commissioning of wind turbine generators against certain contracts do not require material adjustments on account of delays. The auditors drew attention to investments in six Special Purpose Vehicles (SPVs) through a subsidiary, where bank guarantees of ₹5,578 lakh were provided. The management expects to recover funds from the SPVs subject to regulatory matters and operational performance. Additionally, the company evaluated the impact of new Labour Codes, effective from November 21, 2025, at ₹209.01 lakh on its standalone financial statements.