Fixation of record date pursuant to the Scheme of Arrangement
Awaiting price reaction for this filing.
Inox Wind Energy Ltd (IWEL) has fixed Saturday, 21st June, 2025 as the record date for its scheme of arrangement with Inox Wind Limited (IWL), approved under Sections 230-232 of the Companies Act, 2013. Under this scheme, IWEL shareholders will receive 632 equity shares of Inox Wind Limited (face value Rs 10) for every 10 equity shares held in IWEL. The record date will determine which shareholders are entitled to receive the new shares of IWL. An earlier disclosure regarding the scheme was made on 25th April 2024.
Shareholders holding IWEL shares as of the record date will be allotted IWL shares at the 632:10 ratio, effectively consolidating the business under Inox Wind Limited. This share-swap event could lead to changes in trading volumes and price adjustments as the ex-date approaches.