Intimation of Effective Date of the Scheme of Arrangement between Inox Wind Energy Limited (Transferor Company) and Inox Wind Limited (Transferee Company)
Awaiting price reaction for this filing.
Inox Wind Energy Limited has announced that its Scheme of Arrangement with Inox Wind Limited has become effective from 13th June 2025, with an Appointed Date of 1st July 2023. The NCLT Chandigarh Bench had already approved the scheme on 11th June 2025 under Sections 230-232 of the Companies Act, 2013, and the certified order was filed with the Registrar of Companies on 13th June 2025. Under this scheme, Inox Wind Energy (Transferor Company) is being merged into Inox Wind (Transferee Company). The appointed date being retroactively set to 1st July 2023 means the financials and operations will be treated as merged from that earlier date.
Shareholders of Inox Wind Energy will receive shares of Inox Wind Limited in lieu of their holdings based on the approved swap ratio, making Inox Wind the surviving listed entity. This consolidation could simplify the group structure and potentially improve liquidity, though investors should watch for the swap ratio announcement and timeline for share allotment.