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.

Indowind Energy Limited , a player in the renewable energy sector, has received a significant boost for its capital raising plans. The company has secured in-principle approval from both the BSE Limited and the National Stock Exchange of India for its proposed rights issue, valued at Rs. 49.50 crores.

Rights Issue Details

The proposed rights issue involves equity shares with a face value of Rs. 10 each. These shares will be offered to eligible equity shareholders on a rights basis. While the exact pricing and ratio of the rights issue are yet to be finalized, the company has confirmed that the total issue size will aggregate up to Rs. 49.50 crores.

Approval Conditions

The stock exchanges have granted their approval subject to several conditions:

1. Timely filing of listing applications post-allotment
2. Obtaining necessary statutory approvals
3. Compliance with SEBI regulations and Companies Act requirements
4. Adherence to all guidelines, regulations, and directions issued by the exchanges or statutory authorities

Timeline and Validity

According to the approval letter dated August 25, 2025, Indowind Energy has a window of 12 months from the approval date to open the subscription for the rights issue. This gives the company ample time to prepare and execute the issue.

Exchange Disclaimers

Both exchanges have emphasized that their approval should not be construed as an endorsement of the company's financial health or the completeness of the information provided. They have reserved the right to withdraw the approval if the submitted information is found to be incomplete or misleading.

Implications for Investors

This rights issue presents an opportunity for existing shareholders to increase their stake in the company. However, potential investors are advised to carefully review the full text of the offer document, once available, to make informed decisions.

Company's Statement

B. Sharath, Company Secretary & Compliance Officer of Indowind Energy Limited, confirmed the receipt of in-principle approvals in a communication to the stock exchanges. The company views this as a positive step towards strengthening its capital base.

As Indowind Energy moves forward with its rights issue plans, market observers will be keenly watching how this capital infusion impacts the company's growth strategies in the competitive renewable energy sector.