Inox Green Energy Services Limited has informed the Exchange about Scheme of Arrangement- Details of voting results along with scrutinizer reports with respect to the NCLT Convened meeting of the equity shareholders, warrant holders, secured creditors and unsecured creditors of the Company held on 1st November, 2025
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Inox Green Energy Services Limited has submitted voting results from the NCLT-convened meetings held on November 1, 2025 for the proposed Scheme of Arrangement between Inox Green (Demerged Company) and Inox Renewable Solutions Limited (Resulting Company). Four separate meetings were conducted via video conference for equity shareholders, warrant holders, secured creditors, and unsecured creditors. The resolution was approved with the requisite three-fourth majority by all four groups. Notably, public equity shareholders voted overwhelmingly in favour (98.89% vs 0.018% against), warrant holders and secured creditors (₹26.01 crore outstanding) approved the scheme unanimously, and unsecured creditors (804 creditors with ₹173.83 crore outstanding) also approved it. The scheme still requires final NCLT sanction before becoming effective.
This is a procedural but important step toward the demerger — shareholder and creditor approval clears the way for the NCLT to sanction the scheme, after which shares of Inox Renewable Solutions would likely be issued to Inox Green shareholders. Investors should await the final NCLT order and watch for the effective date and share entitlement ratio announcement.