Inox Green Energy Services Limited (INOX Green) has announced its best-ever quarterly performance for Q2, showcasing significant growth across key financial metrics.

Financial Highlights

Operational Performance

The company reported an improved machine availability of 96.3% for its portfolio in Q2, indicating strong operational efficiency.

Strategic Expansion

INOX Green has completed investments to acquire 6.5 GW of wind O&M assets, expanding its O&M portfolio to approximately 12.5 GW. This strategic move positions the company to become the largest Indian renewable energy O&M service provider. The financial impact of this expansion is expected to be reflected in the company's future profit and loss statement.

Corporate Restructuring

The company has received approval from shareholders and creditors for a scheme of demerger of its substation business. This demerger, once approved by the National Company Law Tribunal (NCLT), is expected to result in the elimination of associated depreciation, potentially leading to higher profitability for INOX Green.

Market Position

With its expanded portfolio and strong quarterly performance, INOX Green is solidifying its position in the renewable energy O&M sector. The company's focus on operational efficiency and strategic acquisitions appears to be paying off, as evidenced by the substantial year-over-year growth in key financial metrics.

Future Outlook

The company's management expects the profitability to grow in the future, driven by the consolidation of newly acquired assets and improved operational efficiencies. The demerger of the substation business, once completed, may further enhance the company's financial performance by streamlining operations and reducing depreciation costs.

INOX Green's record performance in Q2 and its strategic moves to expand its O&M portfolio demonstrate the company's strong growth trajectory in the renewable energy sector. Investors and industry observers will likely be watching closely to see how these developments translate into long-term value creation for the company and its stakeholders.

Inox Green Energy Services Limited (IGESL) has successfully obtained approval from all stakeholder groups for its proposed scheme of arrangement with Inox Renewable Solutions Limited. The company announced that equity shareholders, warrant holders, secured creditors, and unsecured creditors have all voted in favor of the resolution during meetings held on November 1, 2025.

Stakeholder Approval Details

The voting results, as reported by the scrutinizer, show overwhelming support for the scheme:

Key Highlights of the Approval Process

• The meetings were conducted via video conference following an order from the National Company Law Tribunal (NCLT), Ahmedabad Bench, dated September 8, 2025.
• Public shareholders showed strong support with 98.87% voting in favor of the scheme.
• The resolution met the required majority of three-fourths in value from each category of stakeholders.
• The scheme received unanimous approval from warrant holders, secured creditors, and unsecured creditors.

Regulatory Compliance

IGESL has ensured compliance with various regulatory requirements:

• The approval process adhered to Sections 230-232 of the Companies Act, 2013.
• The company followed the Securities and Exchange Board of India (SEBI) Master Circular guidelines.
• Observation letters were obtained from both BSE Limited and the National Stock Exchange of India Limited on July 18, 2025.

Next Steps

With stakeholder approval secured, the scheme of arrangement will now proceed to the next stages of implementation, subject to further regulatory approvals, including final sanction from the NCLT.

The successful approval of this scheme marks a significant milestone for Inox Green Energy Services Limited and Inox Renewable Solutions Limited, potentially paving the way for strategic restructuring and value creation for all stakeholders involved.