INOX Green Energy shareholders approve scheme of arrangement

INOX Green Energy Services Limited announced the successful convening of meetings for its equity shareholders, warrant holders, secured creditors, and unsecured creditors on November 1, 2025. These meetings were held to consider and approve a Scheme of Arrangement between Inox Green Energy Services Limited ("Demerged Company") and Inox Renewable Solutions Limited ("Resulting Company"), along with their respective shareholders.

The meetings, held via video conference, followed an order dated September 8, 2025, from the National Company Law Tribunal, Ahmedabad Bench. Each group voted on the scheme, requiring a requisite majority for approval.

Remote e-voting for these meetings commenced on October 28, 2025, and concluded on October 31, 2025. The shareholder meeting concluded at 10:59 A.M. (IST), the warrant holders meeting at 12:55 P.M. (IST), the secured creditors meeting at 2:53 P.M. (IST), and the unsecured creditors meeting at 3:24 P.M. (IST).