INOX Green Energy Services expands equity base with warrant conversion

INOX Green Energy Services Limited (IGESL) has allotted 1,230,505 equity shares, each with a face value of Rs. 10, at a price of Rs. 145 per share (including a premium of Rs. 135). This allotment on November 25, 2025, to a non-promoter warrant holder follows the conversion of unlisted convertible warrants issued on a preferential basis at Rs. 145 per warrant. The new shares will rank pari passu with existing equity shares, including dividend and voting rights.

This move comes after resolutions passed by the board of directors on June 26, 2024, shareholders on July 18, 2024, and in-principle approvals from BSE and NSE dated July 24, 2024, for the allotment of 44,827,582 unlisted convertible warrants.

Post-allotment, the company's paid-up equity share capital has increased from Rs. 3,734,749,900 to Rs. 3,747,054,950. On a fully diluted basis, the capital now stands at Rs. 4,116,558,710. This information is also available on the company's website.