Indowind Energy Limited has informed the stock exchanges of a modification to the National Company Law Tribunal (NCLT), Chennai's order pertaining to the Scheme of Amalgamation of Ind Eco Ventures Limited with the company. The disclosure, made pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, was filed on May 7, 2026, with the company having received the modified order on May 6, 2026.

Background of the Amalgamation Scheme

The NCLT, Chennai had originally approved the Scheme of Amalgamation of Ind Eco Ventures Limited with Indowind Energy Limited vide its order dated March 10, 2026, under petition number C.P.(CAA)/65(CHE)2024, pursuant to Sections 230-232 of the Companies Act, 2013. Indowind Energy had intimated the exchanges of this approval on March 13, 2026. Subsequently, the company filed an application — IA(C.A)/92(CHE)2026 — before the Hon'ble NCLT, Chennai, seeking certain modifications to the said order.

Key Modifications Allowed by NCLT

The Hon'ble Tribunal, comprising Shri. Jyoti Kumar Tripathi, Member (Judicial), and Shri. Ravichandran Ramasamy, Member (Technical), heard the application on April 29, 2026, via video conferencing and allowed it. The following modifications were made to the original order:

Income Tax NOC and Section 281 Certificate

With respect to the first modification, the Tribunal noted that the Income Tax Department had issued a No Objection Certificate for the scheme of amalgamation vide its letter dated February 21, 2025. Additionally, a report certificate under Section 281(1)(ii) of the Income-tax Act, 1961, dated July 14, 2025, was also submitted. Both the NOC and the Section 281 certificate were taken on record, and the observation in Clause 8.2.1 of the original order was modified accordingly. The Tribunal's order reiterated that the Income Tax Department reserves its rights to proceed against the petitioner companies through independent proceedings under the provisions of the Income Tax Act, and that the filing of the memo shall not amount to a waiver of such rights.

Correction of Appointed Date

Regarding the second modification, the Tribunal acknowledged that in its order dated March 10, 2026, the Appointed Date had been mentioned as April 1, 2023. This was corrected to April 1, 2024, in view of the meetings held on August 12, 2025, as stated by the applicant and in line with the Board approval and filings made before the Tribunal. With these modifications allowed, IA(C.A)/92(CHE)2026 was disposed of by the NCLT, Chennai.

Regulatory Disclosure

Indowind Energy's Company Secretary and Compliance Officer, B. Sharath, signed the disclosure filed with BSE Limited and the National Stock Exchange of India Limited. The communication confirms that the company has complied with its obligations under Regulation 30 of the SEBI (LODR) Regulations, 2015, by informing the exchanges of this material development in the amalgamation proceedings.

Indowind Energy Limited has filed its quarterly compliance certificate with BSE and NSE regarding the dematerialization of shares for the quarter ended 31st March, 2026. The submission was made on 09th April, 2026, in accordance with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018.

Regulatory Compliance Details

The company confirmed that dematerialization requests were received from shareholders during the quarter ended 31st March, 2026. This mandatory disclosure ensures transparency in the share dematerialization process and maintains compliance with securities market regulations.

Registrar and Transfer Agent Confirmation

Bigshare Services Private Ltd., serving as the company's Registrar and Transfer Agent, issued a confirmation certificate dated 08th April, 2026. The RTA certified that all securities received from depository participants for dematerialization up to 31st March, 2026 were properly processed and confirmed to the depositories.

The certificate confirms that security certificates received for dematerialization have been mutilated and cancelled after due verification by the depository participant. Additionally, the names of the depositories have been substituted in the register of members as registered owners within the prescribed 15-day timeline from receipt of certificate of securities.

Corporate Information

Indowind Energy Limited, incorporated with CIN L40108TN1995PLC032311, operates in the renewable energy sector. The company maintains its registered office at Kothari Building, 4th Floor, 114 M G Road, Nungambakkam, Chennai - 600034. B Sharath serves as the Company Secretary and Compliance Officer, responsible for regulatory filings and compliance matters.

This quarterly filing demonstrates the company's commitment to maintaining transparency and adhering to securities market regulations governing the dematerialization process.