Inox Wind Limited has notified stock exchanges regarding the transmission of equity shares within its promoter group. The company filed the intimation under Regulations 30 and 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Share Transmission Details

The transmission involved 1,27,032 equity shares previously held by Late Shri Devendra Kumar Jain, a member of the promoter and promoter group. These shares were transmitted to Shri Vivek Kumar Jain, who is also a member of the promoter and promoter group, on 16th February, 2026.

Updated Shareholding Position

Following the transmission, Shri Vivek Kumar Jain's aggregate shareholding in the company has increased significantly. His total holding now stands at 3,20,09,472 equity shares, representing 1.85% of the company's paid-up share capital.

Promoter Group Changes

As a result of this transmission, Late Shri Devendra Kumar Jain has ceased to be part of the promoter and promoter group of the company. The company has indicated that his name will be deleted from the shareholding pattern accordingly. This represents a formal restructuring within the promoter group while maintaining the shares within the same group structure.

The company secretary Deepak Banga signed the intimation digitally on 18th February, 2026, ensuring compliance with regulatory disclosure requirements.

Inox Wind Limited delivered impressive financial performance in Q3FY26, demonstrating strong growth across key metrics and reinforcing its position in India's renewable energy sector.

Financial Performance Highlights

The company reported exceptional growth in profitability and revenue for the quarter ended December 31, 2025. Net profit surged 116% year-on-year to ₹12,633 lakh compared to ₹5,858 lakh in Q3FY25, while revenue from operations grew 17% to ₹1,08,192 lakh from ₹92,828 lakh in the corresponding period last year.

Nine-Month Performance

For the nine months ended December 31, 2025, Inox Wind maintained its strong momentum with net profit more than doubling to ₹45,989 lakh from ₹19,439 lakh in the previous year. Revenue increased 24% to ₹2,74,493 lakh compared to ₹2,21,275 lakh in the corresponding nine-month period of FY25.

Operational Efficiency and Cost Management

The company demonstrated improved operational efficiency with EBITDA growing 31% to ₹25,081 lakh in Q3FY26. Cost of materials consumed increased to ₹61,291 lakh from ₹55,634 lakh in the previous year quarter, while employee benefits expense rose to ₹3,421 lakh from ₹3,088 lakh. Finance costs increased to ₹4,202 lakh compared to ₹2,954 lakh in Q3FY25.

Employee Stock Option Scheme

The Board of Directors approved the grant of 1,83,000 stock options to eligible employees under the 'Inox Wind - Employee Stock Option Scheme 2024'. These options are convertible into an equal number of equity shares upon exercise, with pricing set at a 50% discount to the closing market price on February 12, 2026.

Business Operations and Segments

Inox Wind operates as a comprehensive wind energy solutions provider, engaged in manufacturing Wind Turbine Generators (WTG), providing erection, procurement and commissioning services (EPC), operations and maintenance services (O&M), and common infrastructure facility services for WTGs. The company treats these activities as a single business segment.

Financial Position and Capital Structure

The company's paid-up equity share capital remained at ₹1,72,824 lakh with a face value of ₹10 per share. Other equity excluding revaluation reserves stood at ₹2,89,528 lakh as of March 31, 2025. The earnings per share improved significantly to ₹0.73 in Q3FY26 from ₹0.35 in the corresponding quarter of the previous year.