Inox Wind Limited — Updates, 11-06-2025: Scheme of Arrangement

Inox Wind Limited has announced a board meeting to consider the financial results for the quarter and half-year. The company received final approval to merge Inox Wind Energy Limited into itself, consolidating their wind energy operations. This merger transfers all assets, liabilities, employees, and contracts of IWEL to Inox Wind, improving operational efficiency and reducing costs. Equity shares will be issued to IWEL shareholders at 158 shares of Inox Wind for every 10 IWEL shares. The merger simplifies the business structure and is expected to enhance value for shareholders by leveraging scale and productivity.