Allotment of equity shares pursuant to Scheme of Arrangement
Awaiting price reaction for this filing.
Inox Wind Limited has allotted 76.14 crore fully paid-up equity shares of Rs. 10 each to eligible shareholders of Inox Wind Energy Limited under a Scheme of Arrangement sanctioned by the NCLT Chandigarh Bench on May 23, 2025. The swap ratio is 632 equity shares of Inox Wind for every 10 equity shares held in Inox Wind Energy. Additionally, 44.10 crore equity shares and 195 crore 0.01% preference shares previously held by Inox Wind Energy in Inox Wind have been cancelled. Post-allotment, equity share capital stands at Rs. 1,624.12 crore (162.41 crore shares), up from Rs. 1,303.79 crore, while preference share capital has dropped sharply from Rs. 2,510 crore to Rs. 560 crore. Promoter and promoter group entities collectively hold 44.18% of the expanded equity base.
The scheme merges Inox Wind Energy Limited into Inox Wind Limited, simplifying the group's corporate structure and giving former IWEL shareholders direct ownership in the listed entity at the 632:10 ratio. The capital restructuring reduces the heavy preference share overhang meaningfully and expands the equity base, which may dilute per-share metrics but also improves clarity for investors. Existing Inox Wind shareholders should see their shareholding adjusted to reflect the cancellation of cross-held shares and new allotments.