Inox Wind Energy Limited has informed the Exchange about Scheme of Arrangement
Awaiting price reaction for this filing.
Inox Wind Energy Limited (IWEL) has announced that its Scheme of Arrangement with Inox Wind Limited has become effective from 13th June 2025. The NCLT Chandigarh Bench had approved the scheme, and both companies have now filed the certified order with the Registrar of Companies. The appointed date for the scheme is 1st July 2023, meaning the arrangement is effective retrospectively from that date. Under the scheme, Inox Wind Energy is the Transferor Company and Inox Wind Limited is the Transferee Company, indicating a restructuring where IWEL's business is being transferred to Inox Wind Limited. This follows the company's earlier intimation dated 11th June 2025 about the NCLT order receipt.
Shareholders of Inox Wind Energy Limited should expect a change in their shareholding structure as the company is being merged/restructured into Inox Wind Limited. The effective scheme means the restructuring is now legally binding, and shareholders may receive shares in the transferee company as per the scheme's swap ratio. This is a significant corporate restructuring event that could impact stock price and shareholding pattern.