INOX Green Energy Services Limited has announced the allotment of 4,89,82,030 fully paid-up equity shares. This allotment is a direct consequence of the Scheme of Arrangement between INOX Green Energy Services Limited (IGESL) and Inox Renewable Solutions Limited (IRSL), sanctioned by the National Company Law Tribunal. Eligible shareholders as of the record date, 1st August 2026, will receive these shares. The company is now facilitating the crediting of these shares to demat accounts and seeking listing approvals.
Equity Share Allotment Under Scheme of Arrangement
INOX Green Energy Services Limited (IGESL) has formally completed a significant step in its Scheme of Arrangement by allotting equity shares to its eligible shareholders. Following the approval from the Hon’ble National Company Law Tribunal, Ahmedabad Bench, via its order dated 13th March 2026, the company has proceeded with the share exchange as per the sanctioned scheme.
Key Allotment Details
The ‘IRSL Committee of the Board of Directors for Operations’ of IRSL, in a meeting held on 24th August 2026, approved the allotment of an aggregate of 4,89,82,030 (Four Crore Eighty Nine Lakh Eighty Two Thousand and Thirty) fully paid-up equity shares. Each share carries a face value of Rs. 10/-. This allotment is in accordance with the share exchange ratio stipulated in Clause 7 of the Scheme.
The record date for determining the eligible equity shareholders who were entitled to receive these shares was 1st August 2026. The company had previously informed the exchanges about the fixation of this record date via its letter dated 22nd July 2026.
Next Steps for Shareholders
Inox Renewable Solutions Limited (IRSL) is currently undertaking the necessary procedures to credit these allotted equity shares directly into the respective demat accounts of the eligible shareholders of INOX Green Energy Services Limited. Furthermore, IRSL is in the process of obtaining the requisite listing and trading approvals for these newly allotted equity shares from the concerned Stock Exchanges.
Source: BSE
