The Committee of Creditors of Wind World India Limited has officially declared the consortium comprising Inox Neo Energies Limited and Authum Investment & Infrastructure Limited as the Successful Resolution Applicant for the acquisition of Wind World India's renewable energy assets. Inox Green Energy Services announced this development through a regulatory filing, confirming that the Letter of Intent was issued and accepted on February 19, 2026.

Consortium Structure and Acquisition Framework

The acquisition involves a strategic consortium structure designed to leverage specialized capabilities across different renewable energy segments. Inox Neo Energies Limited serves as the lead member of the consortium, while Authum Investment & Infrastructure Limited participates as an unrelated member in the resolution process.

The resolution plan has been structured to ensure optimal utilization of Wind World India's operational assets while maintaining service continuity for existing clients across the renewable energy portfolio.

Asset Portfolio and Geographic Distribution

Wind World India's portfolio encompasses significant operational capacity across India's key wind energy corridors. The company operates approximately 600 MW of installed IPP capacity strategically distributed across seven wind-rich states, providing diversified geographic exposure and stable revenue generation.

The Operations & Maintenance business serves marquee clients including leading corporates and renewable energy companies, ensuring stable recurring revenue streams and long-term service contracts.

Implementation Structure and Regulatory Approvals

Under the approved resolution plan, the acquisition will be implemented through a bifurcated structure optimizing the operational synergies within the INOXGFL Group ecosystem. Inox Neo Energies Limited will acquire Wind World India's 600 MW operational IPP portfolio, while Inox Green Energy Services Limited will acquire and implement the Operations & Maintenance business.

The transaction remains subject to approval by the Hon'ble National Company Law Tribunal, Ahmedabad Bench, and compliance with specific terms and conditions outlined in the resolution plan.

Strategic Impact and Market Position

This acquisition significantly strengthens INOXGFL Group's position across the renewable energy value chain, combining operational IPP assets with expanded O&M capabilities. For Inox Green Energy Services, the addition of Wind World India's 4.5 GW O&M portfolio substantially enhances its existing portfolio of 13.3 GWp assets under management, reinforcing its position as one of India's leading renewable O&M service providers.

The transaction aligns with the Group's broader renewable energy strategy, supporting medium-term targets of achieving 10 GW installed IPP capacity and 11 GW integrated solar manufacturing capacity. The established client relationships and operational assets provide immediate access to recurring revenue streams while expanding the Group's geographic footprint across key wind energy markets in India.

Inox Green Energy Services Limited has filed a regulatory submission confirming no deviation in the utilisation of funds raised through its preferential issue for the quarter ended 31st December, 2025. The company submitted the statement under Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Fund Raising Details

The company has received proceeds through multiple tranches of its preferential issue program. The fund raising timeline and amounts are detailed below:

Up to the quarter ended 31st December, 2025, the company had received a total of Rs. 675.00 crores out of the total issue size of Rs. 1,050.00 crores comprising equity shares and convertible warrants.

Fund Utilisation Breakdown

The company has utilised the raised funds across three primary objectives without any deviation from the original allocation:

The debt repayment component involves repayment and pre-payment of borrowings including redemption of Non-Convertible Debentures. Investment in subsidiaries covers development of existing and new projects through equity, quasi-equity, or unsecured loans. General corporate purposes include meeting ongoing corporate requirements and contingencies.

Regulatory Compliance and Oversight

The Audit Committee reviewed and noted the nil deviation statement in their meeting held on 13th February, 2026. CARE Ratings Limited serves as the monitoring agency for the fund utilisation. Both the Audit Committee and auditors provided no additional comments on the fund utilisation pattern.

The company confirmed that the proceeds have been utilised in line with the objects of the issue as stated in the offer document. The submission was signed by Company Secretary Anup Kumar Jain and Chief Financial Officer Govind Prakash Rathor, ensuring compliance with regulatory requirements under the listing regulations.