Inox Wind Limited has announced key leadership changes and released its unaudited financial results for the quarter and half-year ended September 30, 2026. Shri Saibaba Vutukuri has been appointed as the Managing Director (Wind Business) of INOXGFL Group, effective November 14, 2026. Concurrently, Shri Sanjeev Agarwal has resigned as the Chief Executive Officer (CEO) of the company, with his last day being November 13, 2026. The company also reported its standalone and consolidated financial performance for the period.
Leadership Transitions at Inox Wind
In a significant announcement on November 13, 2026, Inox Wind Limited disclosed two pivotal leadership changes. Shri Saibaba Vutukuri has been appointed as the new Managing Director (Wind Business) of INOXGFL Group, effective November 14, 2026. This appointment aims to bolster the operations and management of the Group’s wind business. Shri Vutukuri, who brings over 35 years of experience in the renewable energy sector, has also been designated as a Senior Management Personnel of the Company.
CEO Resignation
In a separate development, Shri Sanjeev Agarwal has tendered his resignation as the Chief Executive Officer (CEO) of the Company. His resignation is effective from the close of business hours on November 13, 2026, due to personal reasons. Shri Agarwal has confirmed there are no other material reasons for his departure. He has also agreed to provide advisory services to the Company as an Advisor during a transition period until December 31, 2026.
Financial Results for Q2 FY27
The Board of Directors also considered and approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. These results were reviewed by the Audit Committee and approved by the Board. Limited Review Reports for these financial statements have been issued by M/s. Dewan P N Chopra & Co., Chartered Accountants. The financial results, along with the review reports, are available on the company’s website, www.inoxwind.com.
Stock Option Grant
Additionally, the Nomination & Remuneration Committee approved the grant of 1,45,096 Stock Options to eligible employees under the ‘Inox Wind – Employee Stock Option Scheme 2024’. These options are convertible into an equal number of equity shares of the Company upon exercise.
Source: BSE
