Inox Green Energy Services Limited has informed the Exchange about Scheme of Arrangement - Summary of Proceedings of the Meeting of the Equity Shareholders, Warrant Holders, Secured Creditors and Unsecured Creditors
INOXGREEN · price
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Inox Green Energy Services Limited held four NCLT-convened meetings on 1st November 2025 via video conference to seek approval for a Scheme of Arrangement between Inox Green (Demerged Company) and Inox Renewable Solutions Limited (Resulting Company) under Sections 230-232 of the Companies Act, 2013. The meetings covered equity shareholders (10:30 AM), warrant holders (12:30 PM), secured creditors (2:30 PM), and unsecured creditors (3:00 PM), with remote e-voting held from 28th to 31st October 2025. Mr. Binod Kumar Sinha chaired the meetings, with Ms. Vandana R. Kohli appointed as Scrutinizer by the NCLT, Ahmedabad Bench. The requisite quorum was present in all meetings. Detailed voting results will be submitted to stock exchanges separately under SEBI Listing Regulations.
This is a procedural update showing progress in the proposed demerger where a portion of Inox Green's business is being transferred to Inox Renewable Solutions. Shareholders should await the formal voting results to gauge approval levels, as the outcome will determine the next steps in the demerger process.