Inox Wind Limited has informed the Exchange about Scheme of Arrangement
INOXWIND · price
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On the reaction day the stock moved 3.2 pts more than Nifty Smallcap 250 and 3.7 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The NCLT Chandigarh Bench has approved the Scheme of Arrangement between Inox Wind Energy Limited (IWEL, transferor) and Inox Wind Limited (IWL, transferee) on 23rd May 2025. Under the scheme, IWEL will merge into IWL with an appointed date of 1st July 2023. Shareholders of IWEL will receive 632 equity shares of IWL (Rs. 10 each fully paid up) for every 10 equity shares held in IWEL, with the ratio adjusted for a 3:1 bonus issue previously done by IWL. All assets, liabilities, contracts, employees, and pending legal/tax proceedings of IWEL will transfer to IWL. Both companies are listed on BSE and NSE, and no objections were raised by SEBI, RBI, MNRE, CCI, or other regulators. The detailed final order copy is awaited and will be filed with the exchanges and uploaded on the company's website once received.
This is a group restructuring that consolidates the wind energy business under the listed entity Inox Wind Limited, simplifying the group structure. Existing IWL shareholders will see their holdings diluted due to the share issuance to IWEL shareholders, while IWEL shareholders will become shareholders of IWL. The stock may see short-term volatility around the effective date and share allotment, but the long-term impact depends on synergies from the consolidation.