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Inox Wind Energy has fixed 21 June 2025 as the record date for determining the equity shareholders of Inox Wind Energy Limited (?IWEL?) who shall be entitled to receive shares of IWL under the approved Scheme of Arrangement.

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INOXGFL Group announced today that Hon'ble National Company Law Tribunal (NCLT), Chandigarh Bench has approved the scheme of arrangement between Inox Wind Energy (IWEL) & Inox Wind (IWL) vide its order dated 10 June 2025, consequent to which IWEL will be amalgamated into IWL.

As a result of this merger, 632 equity shares of face value of Rs. 10 each of IWL will be allotted for every 10 equity shares of face value of Rs. 10 each of IWEL as on the Record Date (to be determined shortly). The shares are expected to be credited to shareholders of IWEL within a period of 1-1.5 months, subject to regulatory processes and clearances.

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Net profit of Inox Wind Energy rose 251.65% to Rs 67.06 crore in the quarter ended March 2025 as against Rs 19.07 crore during the previous quarter ended March 2024. Sales rose 141.22% to Rs 1274.82 crore in the quarter ended March 2025 as against Rs 528.49 crore during the previous quarter ended March 2024.

For the full year,net profit reported to Rs 139.56 crore in the year ended March 2025 as against net loss of Rs 67.51 crore during the previous year ended March 2024. Sales rose 103.70% to Rs 3557.15 crore in the year ended March 2025 as against Rs 1746.30 crore during the previous year ended March 2024.

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Inox Wind Energy will hold a meeting of the Board of Directors of the Company on 30 May 2025.

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