Indowind Energy Limited has informed the Exchange about Modification of NCLT Order dated 10th March, 2026 Scheme of Amalgamation C.P.(CAA)/65(CHE)2024
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Indowind Energy Limited has received modifications to an earlier NCLT order approving the amalgamation of Ind Eco Ventures Limited with Indowind Energy Limited. The modifications include two changes: first, 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, with the IT department reserving rights to pursue independent proceedings under the Income Tax Act. Second, the Appointed Date in Clause 11(iii) was corrected from April 1, 2023 to April 1, 2024 to align with board approvals and filings. The NCLT Chennai passed the modification order on April 29, 2026, and the company received it on May 6, 2026.
The modifications are procedural corrections and administrative in nature. The change in appointed date from April 1, 2023 to April 1, 2024 could slightly affect the accounting treatment and timeline for the merger completion, but does not alter the fundamental terms of the amalgamation. Shareholders are not expected to see any immediate impact on the stock price from these technical amendments.