Inox Green Energy Services Limited has informed the Exchange regarding Proceedings of Court Convened General Meeting (Equity Shareholders, Warrant Holders, Secured Creditors and Unsecured Creditors ) held on November 01, 2025
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Inox Green Energy Services Limited held four NCLT-convened meetings on November 1, 2025, via video conference, as directed by the NCLT Ahmedabad Bench under its order dated September 8, 2025. The meetings were held separately for equity shareholders (10:30 AM), warrant holders (12:30 PM), secured creditors (2:30 PM), and unsecured creditors (3:00 PM) to consider and approve a Scheme of Arrangement. The scheme involves the demerger of the company into Inox Renewable Solutions Limited under Sections 230-232 of the Companies Act, 2013. Remote e-voting was open from October 28 to October 31, 2025, with an additional 15-minute e-voting window during each meeting. The detailed voting results will be submitted to the stock exchanges separately.
This is a procedural step in the ongoing demerger process. The scheme still requires NCLT's final sanction after the voting results are declared. Shareholders should watch for the voting outcome announcement to gauge whether the demerger plan has the required majority support.