Inox Green Energy Services Limited has informed the Exchange about Scheme of Arrangement- receipt of Observation letters from stock exchanges
INOXGREEN · price
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Awaiting price reaction for this filing.
Inox Green Energy Services Limited (IGESL) has received 'no adverse observation / no objection' letters from both BSE and NSE for its proposed Scheme of Arrangement. The scheme is a demerger under which IGESL (the Demerged/Transferor Company) is transferring business to Inox Renewable Solutions Limited (IRSL, formerly Resco Global Wind Services Limited), the Resulting/Transferee Company. The Board had first approved the scheme on November 13, 2024, and SEBI gave its comments on July 16, 2025, followed by stock exchange observation letters on July 18, 2025. The observation letters are valid for 6 months, within which IGESL must file the scheme with NCLT. Several SEBI conditions relate to disclosure of pending litigation, pre/post shareholding patterns, valuation details, and ensuring financials are not more than 6 months old.
This is a constructive regulatory milestone that pushes the proposed demerger one step closer to completion, but the scheme still needs NCLT approval and shareholder/creditor voting. No immediate effect on share price is expected from this filing alone, though successful completion could reshape the company's structure and lead to listing of IRSL shares.