Intimation of effective date of Scheme of Arrangement/ Demerger
INOXGREEN · price
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Inox Green Energy Services Limited (the Demerged Company) has announced that its Scheme of Arrangement with Inox Renewable Solutions Limited (the Resulting Company) has become effective from 4th May, 2026. Both companies have filed the certified copy of the Hon'ble NCLT order approving the scheme with the Registrar of Companies. The Appointed Date for the demerger has been fixed as 1st October, 2024. This follows the earlier receipt of NCLT approval order dated 28th April, 2026.
Shareholders of Inox Green Energy Services will receive shares in the newly formed Inox Renewable Solutions Limited as part of this demerger. The stock may see increased volatility or speculation around the terms of the share entitlement ratio in the coming days.