Inox Green Energy Services Limited has completed the allotment of 1,81,10,473 equity shares at an issue price of ₹165.65 per share through its Qualified Institutions Placement (QIP). The issue raised ₹299,99,99,852.45 (approximately ₹300 crore) from 20 qualified institutional buyers.

The Operations Committee approved the final allocation on September 29, 2026. The issue price reflects a discount of ₹8.71 per share, which is exactly 5% of the previously announced floor price of ₹174.36. Following this allotment, the paid-up equity share capital increased from ₹401,49,20,450 to ₹419,60,25,180.

Pricing and Allocation Details

The final issue price was determined in consultation with the book running lead manager upon receipt of applications from eligible qualified institutional buyers. The allocation includes a premium of ₹155.65 per share over the face value of ₹10.

Key Allottees and Shareholding Pattern

The company disclosed the list of allottees who received more than 5% of the total equity shares offered in the QIP. Bandhan Small Cap Fund emerged as the largest single investor, securing nearly a quarter of the total allotment.

The clubbed allotment for ITI funds includes contributions from ITI Balanced Advantage Fund, ITI Small Cap Fund, ITI Value Fund, ITI Flexi Cap Fund, Diviniti Equity Long Short Fund, and ITI Business Cycle Fund.

Regulatory Compliance and Timeline

The QIP was executed under Chapter VI of the SEBI ICDR Regulations, 2018, and Sections 42 and 62 of the Companies Act, 2013. The issue opened on September 24, 2026, following Board approval on July 22, 2026, and shareholder approval at the Extra-ordinary General Meeting held on August 13, 2026.

The special resolution passed by shareholders allowed the company to offer a discount of not more than 5% on the calculated floor price. The company adopted the final Placement Document dated September 29, 2026, and finalized confirmation notes for allottees.

The trading window for dealing in the securities of Inox Green Energy Services, which was closed effective September 24, 2026, will open on October 2, 2026, in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Inox Green Energy Services Limited held its 14th Annual General Meeting on September 25, 2026, where shareholders voted to approve all seven proposed resolutions. The meeting focused on adopting the company's financial statements for the fiscal year ended March 31, 2026, and approving several director re-appointments.

The proceedings were conducted via Video Conferencing and Other Audio-Visual Means due to regulatory allowances. Manoj Dixit, Whole-time Director, served as the Chairman of the meeting. The session commenced at 12:00 pm and concluded at 12:47 pm, with remote e-voting having opened on September 22, 2026.

Key resolutions passed

Shareholders were asked to vote on both ordinary and special business items. The agenda included the adoption of audited standalone and consolidated financial statements for FY26. Additionally, the Board proposed the re-appointment of existing directors to ensure leadership continuity.

The following items were put forth for approval:

• Adoption of Audited Standalone and Consolidated Financial Statements for FY26.
• Re-appointment of Manoj Dixit as a Director.
• Re-appointment of Manoj Dixit as Whole-time Director (Special Resolution).
• Re-appointment of Bindu Saxena as Independent Director (Special Resolution).
• Ratification of remuneration for Cost Auditors for FY27.
• Approval of material related party transactions for the company and its subsidiaries.

Voting results summary

The scrutinizer's report confirmed that all resolutions were passed with the requisite majority. Notably, the resolution regarding the re-appointment of Bindu Saxena as an Independent Director saw 3.70% dissenting votes, while other key appointments received over 98% support from voting shareholders.

Voting and disclosure details

The Chairman announced that Anup Kumar Jain, Company Secretary, was authorized to declare the e-voting results. These results, along with the Scrutinizer's Report, will be displayed on the company website and stock exchange platforms within two working days of the meeting's conclusion.

The filing was submitted to BSE Limited and National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. No specific financial figures or performance metrics were disclosed in the summary of proceedings provided.