INOX Green Energy Services' scheme of arrangement approved by stakeholders

INOX Green Energy Services Limited announced the successful approval of its Scheme of Arrangement following meetings held on November 1, 2025. Equity shareholders, warrant holders, secured creditors, and unsecured creditors all voted in favor of the scheme, which involves INOX Green Energy Services Limited and INOX Renewable Solutions Limited.

The voting results showed strong support across all categories. Equity shareholders recorded 99.781% of valid votes in favor (25,52,95,337 shares held). Warrant holders cast 100% of their valid votes (4,20,68,962 warrants held) in favor. Secured creditors also unanimously approved the scheme with 100% of outstanding amounts due (INR 26,01,57,000) voting in favor. Unsecured creditors similarly provided unanimous approval, with 100% of outstanding amounts due (INR 1,73,82,89,159) supporting the resolution.

The resolution, which required a three-fourths majority by value, was passed by the majority of persons and value across all stakeholder categories. Public shareholders also demonstrated strong support, with votes cast in favor exceeding those against. The voting process included remote e-voting and e-voting during the meeting, overseen by scrutinizer Ms. Vandana R. Kohli.