Inox Wind Energy Limited has informed the Exchange about Certified true copy of the final order of the Hon'ble NCLT, Chandigarh
Awaiting price reaction for this filing.
The National Company Law Tribunal (NCLT), Chandigarh Bench has approved the Scheme of Arrangement for the amalgamation of Inox Wind Energy Limited (IWEL) into Inox Wind Limited (IWL) on June 10, 2025. Under the scheme, shareholders of IWEL will receive 158 equity shares of IWL (face value INR 10) for every 10 equity shares held in IWEL. Share warrant holders will similarly get 158 IWL warrants (issue price INR 54 each) for every 10 IWEL warrants (issue price INR 847 each). IWEL will stand dissolved without being wound up, and all its assets, liabilities, employees, and business will transfer to IWL. The merger aims to consolidate the wind energy business, improve operational efficiency, and reduce administrative and compliance costs.
IWEL shareholders will become shareholders of the larger combined entity Inox Wind Limited, with their holdings effectively exchanged at a 15.8:1 ratio. The stock may react to the final swap ratio, operational synergies, and any tax/listing implications as the scheme moves toward its effective date. This is a related-party consolidation that simplifies the group structure rather than introducing new capital or a new business line.