Financial Results for Q4 & FY 2024-25

INOX Wind Limited's board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025, along with the auditor's reports. The statutory auditors (Dewan P.N. Chopra & Co.) issued an unmodified (clean) opinion on both standalone and consolidated results. However, the auditor flagged multiple Emphasis of Matter points, including investments in 6 SPVs (with bank guarantees of Rs. 5,578 Lakh invoked), pending litigation, customer disagreements, unreconciled trade balances, and Rs. 12,412 Lakh of unbilled O&M services at the consolidated level. The company reported exceptional items totaling Rs. 21,524 Lakh for FY25 (including Rs. 10,240 Lakh expected credit loss provision, Rs. 3,600 Lakh for dispute/litigation settlement, and impairment provisions for inter-corporate deposits to a subsidiary). Significant related-party transactions were noted (Note 5), with material stock-in-trade movements between related parties. Separately, Shri Sanjeev Agrawal was appointed as the new CEO effective June 1, 2025, replacing Shri Kailash Lal Tarachandani who was elevated to Group CEO – Renewable Business of INOXGFL Group. The NCLT-approved merger of Inox Wind Energy Limited into INOX Wind was also implemented, with 44,10,73,488 new equity shares to be issued.