Dear sir/Madam, PFA the modified NCLT Order Dated March 10th 2026 w.r.t amalgamation of IND ECO VENTURES LIMITED with INDOWIND ENERGY LIMITED.

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Price reaction · full curve 14 horizons · vs prior close

-2.3%1-day move

₹10.70

prior close

₹10.56

base price

After-mkt

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+0.7+1.3+1.3+1.0-2.3-7.7-8.9-6.6-6.1-7.5-9.3-12.1-13.1—

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AI summary

Indowind Energy Ltd received a modified NCLT order on May 6, 2026, correcting an earlier order from March 10, 2026 regarding the amalgamation of Ind Eco Ventures Limited into Indowind Energy Limited. Two changes were made: (1) Clause 8.2.1 was updated to record Income Tax Department's No Objection Certificate (dated February 21, 2025) and Section 281 certificate (dated July 14, 2025), and (2) the Appointed Date was corrected from April 1, 2023 to April 1, 2024, aligning with the original Board approval. The NCLT Chennai Bench allowed the modification application IA(C.A)/92(CHE)2026 on April 29, 2026. This is a procedural correction rather than a change to the scheme itself.

Likely market impact

The modification is administrative in nature — the Income Tax clearance and corrected appointed date strengthen the legal foundation of the amalgamation. This is a positive development as it removes procedural hurdles for completion of the scheme.