Inox Green Energy Services Limited has informed the Exchange about Scheme of Arrangement-Intimation of effective date of Scheme of Arrangement/ Demerger.
INOXGREEN · price
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Inox Green Energy Services Limited (IGESL) has announced that its Scheme of Arrangement with Inox Renewable Solutions Limited has become effective from 4th May, 2026. The Hon'ble NCLT Ahmedabad Bench had earlier approved the demerger scheme. Both companies filed the certified copy of the NCLT order with the Registrar of Companies on 4th May, 2026. The Appointed Date for the demerger is 1st October, 2024, meaning the separation of businesses is backdated to this date. IGESL is the Demerged Company and Inox Renewable Solutions Limited is the Resulting Company.
The demerger is now legally effective, meaning IGESL's renewable energy operations will now sit in the separate Resulting Company. Shareholders of IGESL will likely receive shares in Inox Renewable Solutions Limited as per the approved swap ratio. This creates a structural change in how the two businesses are held.