Inox Wind Energy Limited — Updates, 23-05-2025: Scheme of Arrangement

Inox Wind Energy Limited’s merger with Inox Wind Limited has been approved, transferring all assets, liabilities, contracts, and employees to Inox Wind Limited. Shareholders of the former will receive 632 shares of Inox Wind Limited for every 10 shares held. This move is designed to simplify group operations, strengthen capital structure, and maintain business continuity along with statutory benefits. Existing tax liabilities and legal cases will also move to Inox Wind Limited, ensuring they remain accountable post-merger. This consolidation is expected to enhance operational efficiency and shareholder value.