INOX India Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on March 26, 2026
INOXINDIA · price
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INOX India Limited has called an Extra Ordinary General Meeting (EOGM) on Thursday, March 26, 2026 at 12:00 PM via video conferencing, with a cut-off date of March 19, 2026 for e-voting eligibility. The EOGM will consider two items: (1) a Special Resolution seeking shareholder approval to continue Mr. Pavan Jain (DIN: 00030098) as Non-Executive, Non-Independent Chairman beyond the age of 75 years (he turns 75 on May 17, 2026); and (2) an Ordinary Resolution to approve material related party transactions with INOX Air Products Private Limited (IAPL) of up to Rs. 175 Crores for FY 2025-26. Mr. Pavan Jain is a promoter holding 16.42% of the paid-up share capital (1,49,03,090 shares) with 100% board attendance in FY 2025-26, and is the founder of the INOX Group, which is valued at over $5 billion. IAPL is a related party — a 1999 joint venture between the INOX Group and Air Products & Chemicals Inc. USA — and the proposed transactions cover IIL selling cryogenic tanks to IAPL and purchasing industrial/medical gases from IAPL at arm's length prices.
Both resolutions are largely routine governance items. The director continuation requires a special resolution (75% majority) and is expected to pass given strong promoter backing, while the Rs. 175 Crore related party transactions are ordinary-course business between the company and its affiliated joint venture. Retail shareholders holding shares as of March 19, 2026 should review the explanatory statement and may vote electronically between March 23-25, 2026.