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Informist, Friday, Mar. 13, 2026

 

--NCLT OKs Inox Green power evacuation business demerger into Inox Renewable

 

NEW DELHI – The Ahmedabad bench of the National Company Law Tribunal Friday approved the demerger of Inox Green Energy Services Ltd.'s power evacuation business into Inox Renewable Solutions Ltd. A detailed order is awaited. 

 

As part of the demerger scheme, Inox Renewable will issue equity shares and warrants to all equity shareholders and warrant holders of Inox Green Energy on a proportionate basis. The other business of operations and maintenance service of wind turbine generators will continue at Inox Green Energy.

 

Apart from the power evacuation business, Inox Green Energy was involved in the business of providing operations and maintenance services of wind turbine generators. Meanwhile, Inox Renewable is engaged in the business of operation and maintenance of wind farms, wind power plants, solar farms and solar power plants, thermal power plants and other types of power plants.

 

The demerger will result in the creation of two listed companies, with Inox Renewable focussing exclusively on the power evacuation business and Inox Green Energy continuing to operate in the remaining business, stated the scheme. The demerger would result in better and efficient control and management of the segregated power business having different risk and return profiles, the scheme said.

 

These listed entities will be subject to public, media, analysts' and regulatory review, said the companies. A clean corporate structure with no cross holdings will ensure transparency, accountability, the highest standards of corporate governance, and compliance, they said. The demerger also enhances operational flexibility and helps quick response to competitive or environmental challenges, they added.

 

At 1142 IST, shares of Inox Green Energy Services were down 4.5% at INR 144.72 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Reported by Surya Tripathi

Edited by Tanima Banerjee

 

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