Inox Wind Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on Jun 22, 2026
INOXWIND · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Inox Wind Limited has called a 13th EGM on June 22, 2026 through video conferencing with three agenda items requiring shareholder approval via special resolutions. First, the company seeks approval to continue Shri Mukesh Manglik as a Non-Executive Director beyond age 75 (he turns 75 in September 2021). Second, and most significant financially, the company proposes more than doubling the fixed remuneration of Whole-Time Director Shri Devansh Jain, raising his basic pay from Rs. 12 lakh per month to Rs. 28.70 lakh per month effective April 1, 2026, for his remaining tenure until October 31, 2027. Third, the company seeks shareholder approval to divest its equity stake in Inox Green Energy Services Limited (IGESL), its material subsidiary, which could reduce Inox Wind's holding to 50% or below. e-Voting runs from June 18 to June 21, 2026, with a record date of June 15, 2026.
The substantial pay hike for Devansh Jain increases the company's fixed managerial costs significantly. The proposed divestment of IGESL, if executed, represents a major strategic restructuring that could alter Inox Wind's consolidated financials and asset base. Shareholders should carefully evaluate all three resolutions before voting.