Inox Green Energy Services Limited has informed the Exchange about Scheme of Arrangement - Update on the Scheme of Arrangement between Inox Green Energy Services Limited and Inox Renewable Solutions Limited and their respective shareholders ( Scheme ) Notice for convening of the Meetings
INOXGREEN · price
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Inox Green Energy Services has informed the exchange that the NCLT Ahmedabad Bench, via an order dated September 8, 2025, has directed the company to hold meetings of its equity shareholders, warrant holders, secured creditors, and unsecured creditors to consider and approve a Scheme of Arrangement with Inox Renewable Solutions Limited under Sections 230-232 of the Companies Act, 2013. Inox Green is identified as the 'Demerged Company' and Inox Renewable Solutions as the 'Resulting Company', indicating a demerger structure. The meetings are scheduled for November 1, 2025, via video conferencing, with remote e-voting open from October 28 to October 31, 2025. The cut-off date for equity shareholder eligibility is October 25, 2025. No share exchange ratio has been disclosed in this particular filing.
This is a procedural update — the NCLT has greenlit the voting process for the proposed demerger. Shareholders should review the detailed notice and explanatory statement (available on the company's website) to understand the terms, as the demerger could materially affect the shareholding structure and value of IGESL stock.