Inox Wind Limited shareholders approved the continuation of a director's tenure past the age of 75, sanctioned a revision in remuneration for another director, and authorized the divestment of equity shares in its material subsidiary, Inox Green Energy Services Limited, at its 13th Extra-Ordinary General Meeting (EGM) held on June 22, 2026. The resolutions were passed through remote e-voting and e-voting conducted during the meeting via Video Conferencing and Other Audio-Visual Means.

Shri Manoj Dixit, Whole-time Director, chaired the meeting, which commenced at 12:00 Noon IST and concluded at 12:58 P.M. Shri Deepak Banga, Company Secretary, has been authorized to declare the e-voting results along with the Scrutinizer's Report. The results will be displayed on the company's website, the NSDL website, and the websites of BSE and NSE within two working days of the conclusion of the meeting.

Voting Results

The scrutinizer, Jitesh Gupta of M/s J. K. Gupta & Associates, confirmed that all three special business resolutions were passed with the requisite majority. The total number of shareholders on the record date was 5,25,720, with 81 shareholders attending the meeting through Video Conferencing.

Special Business Resolutions

The first resolution sought approval for the continuation of Shri Mukesh Manglik as a Non-Executive Director upon his attaining the age of 75 years. The second item concerned the approval for a revision in the fixed remuneration of Shri Devansh Jain, Whole-Time Director, for the remaining period of his tenure. The third resolution authorized the divestment of equity shares of Inox Green Energy Services Limited.

Remote e-voting for the EGM commenced on June 18, 2026, at 9.00 A.M. and concluded on June 21, 2026, at 5.00 P.M. The e-voting facility provided during the meeting remained open for an additional 15 minutes after the conclusion of the EGM.

Inox Wind has signed a memorandum of understanding (MoU) with Inox Clean Energy for the supply of 1,500 MW of wind turbines. This strategic agreement, announced on June 16, 2026, reinforces the INOXGFL Group's 'One Integrated' renewable strategy and provides multi-year revenue visibility for Inox Wind. The company's order book has subsequently crossed 4.5 GW, supported by a robust existing pipeline of 3.1 GW.

Agreement Details

The MoU entails the supply of Inox Wind's advanced 3.3 MW and 4X MW series wind turbines for renewable energy projects being developed by Inox Clean across India. This collaboration leverages the interplay within INOXGFL Group entities to aid execution and revenue generation, creating a virtuous cycle that helps insulate the business from market cycles.

Order Book and Strategic Impact

With the addition of this MoU, Inox Wind's order book has risen from 3.1 GW to over 4.5 GW. This substantial backlog covers the company for the next few years and underscores its manufacturing capacity of approximately 2.5 GW per annum. The agreement aligns with the Group's strategy to combine the strengths of Inox Clean Energy, Inox Renewable Solutions, Inox Green Energy Services, and Inox Wind into a scalable renewable energy powerhouse.

Inox Clean's Growth Trajectory

Inox Clean, the counterparty and Group entity, has rapidly emerged as a leading renewable platform. The company achieved an operational portfolio of approximately 3.5 GW within its first two years and plans to add over 3 GW of renewable capacity annually. Inox Clean targets an operational renewable portfolio of 14 GW by FY29, with approximately 20%–30% of these annual additions expected to be wind power.

Management Commentary

Mr. Sanjeev Agarwal, CEO of Inox Wind, highlighted the significance of the steady multi-year order inflow, noting that the robust order book positions the company well for sustained growth. Mr. Bharat Saxena, CEO of Inox Clean Energy, emphasized that the partnership provides a distinct competitive advantage in terms of execution speed, supply chain certainty, and capital efficiency as Inox Clean scales its platform.