Indowind Energy Limited has successfully completed its rights issue, raising Rs 49.43 crore with an oversubscription of 1.04 times. The company has now finalized the allotment process and received in-principle approval from both NSE and BSE for listing the rights issue shares.

Rights Issue Performance

The rights issue demonstrated healthy investor interest, as reflected in the subscription details:

Exchange Approvals Received

The company has received in-principle approvals from both major stock exchanges for listing the rights issue shares:

Capital Structure Impact

The successful allotment has significantly enhanced the company's capital base:

Fund Utilization

The company has outlined specific purposes for the funds raised through the rights issue:

• Solar Power Development: Investment for developing a 4MW Solar Power Project in Karnataka
• Debt Repayment: Repayment of secured and unsecured loans from corporate promoters including Loyalcredit Investments Limited and Indus Finance Limited
• General Corporate Purposes: Supporting overall business operations and growth initiatives

Trading Commencement Requirements

Both exchanges have specified that trading in the rights issue shares will commence after the company submits confirmation from depositories (NSDL/CDSL) regarding crediting of shares to respective beneficiary accounts. The NSE has also indicated that confirmation regarding dispatch of physical share certificates will be required where applicable.

This successful rights issue completion and exchange approvals strengthen Indowind Energy's capital base and position the company for its planned solar power expansion while addressing debt obligations. The oversubscription and smooth approval process indicate investor confidence in the company's renewable energy focus and growth strategy.

Indowind Energy Limited has announced a Rights Issue Committee meeting scheduled for November 13, 2025. This meeting aims to finalize key aspects of the company's upcoming rights issue of equity shares, which was previously authorized by the Board of Directors on December 18, 2024.

Key Details of the Rights Issue

The Rights Issue Committee will deliberate on several important factors related to the equity share offering:

The committee is also expected to approve the Letter of Offer and other related documents during this meeting. The Draft Letter of Offer was previously approved in a committee meeting held on July 15, 2025.

Background and Regulatory Compliance

This announcement follows the company's Board of Directors meeting held on December 18, 2024, where the rights issue was initially authorized. The upcoming meeting and its decisions will be in accordance with:

• The Companies Act, 2013 and its associated rules
• Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018 (as amended)
• Other applicable laws

Indowind Energy has issued this intimation in compliance with Regulation 29(1)(d) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended.

The outcomes of this Rights Issue Committee meeting may have implications for Indowind Energy's capital structure and its shareholders. Investors and market watchers might closely monitor the decisions made during this meeting, particularly regarding the rights issue price and entitlement ratio.