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 (IWEL) has informed the stock exchanges that its Scheme of Arrangement with Inox Wind Limited (IWL) has become effective from 13th June 2025. Both companies have filed the certified copy of the NCLT approval order with the Registrar of Companies on the same date. The Appointed Date for the scheme has been set retrospectively at 1st July 2023. The scheme was earlier approved by the National Company Law Tribunal, Chandigarh Bench under Sections 230 to 232 of the Companies Act, 2013. Under this arrangement, IWEL is the Transferor Company and IWL is the Transferee Company, meaning IWEL will merge into IWL.
Shareholders of Inox Wind Energy Limited will receive shares of Inox Wind Limited in exchange as per the swap ratio determined by the scheme. IWEL shares will eventually be delisted as the company gets absorbed into IWL, simplifying the Inox wind energy group structure. Investors should watch for further updates on the share swap ratio and the record date for allotment.