INOX Green allots new equity shares after warrant conversion

Inox Green Energy Services Limited (IGESL) announced on October 27, 2025, the allotment of 4,904,520 equity shares with a face value of Rs. 10 each. These shares were issued at a price of Rs. 145 per equity share, which includes a premium of Rs. 135 per share. The allotment stems from the conversion request of unlisted convertible warrants issued on a preferential basis to a non-promoter warrant holder, in line with resolutions passed by the board of directors on June 26, 2024, and subsequent shareholder and committee approvals.

This conversion follows the initial allotment of 44,827,582 unlisted convertible warrants at an issue price of Rs. 145 per convertible warrant. The newly allotted equity shares will rank pari passu with existing shares in all respects, including dividend and voting rights.

As a result of this allotment, the company's paid-up equity share capital has increased to Rs. 3,719,213,090. On a fully diluted basis, the equity share capital now stands at Rs. 4,112,558,710. This information is also available on the company's website.