Notice of 13th Extra-Ordinary General Meeting to be held on Monday, 22nd June, 2026 at 12:00 Noon
INOXWIND · price
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Inox Wind Limited has called a 13th EGM on June 22, 2026 through video conferencing to seek shareholder approval on three special business items. First, the continuation of Shri Mukesh Manglik as Non-Executive Director upon attaining age 75 years, as mandated by SEBI regulations. Second, a significant revision in fixed remuneration of Whole-Time Director Shri Devansh Jain, with his basic pay more than doubling from Rs. 12 lakh to Rs. 28.70 lakh per month, effective April 1, 2026 till October 31, 2027. Third, approval for potential divestment of the company's stake in Inox Green Energy Services Limited (IGESL), a material subsidiary, which could reduce Inox Wind's holding to 50% or less of IGESL's equity capital. e-Voting on these resolutions will run from June 18-21, 2026.
The remuneration hike for the Whole-Time Director signals management confidence but increases fixed costs. The proposed divestment of IGESL, if executed, could materially change Inox Wind's business profile as IGESL is a listed subsidiary and the world's first listed renewable energy services company. Shareholders should carefully evaluate these resolutions before voting.