INOX Wind Limited has announced the outcome of its Board Meeting held on November 13, 2026. The board approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. Significant management changes include the appointment of Shri Saibaba Vutukuri as the Managing Director (Wind Business) and the acceptance of the resignation of Shri Sanjeev Agarwal as Chief Executive Officer. The company also approved the grant of 1,45,096 stock options.
Board Meeting Outcome: Financial Results and Key Appointments
On November 13, 2026, INOX Wind Limited convened a Board Meeting where several critical decisions were made, impacting the company’s financial reporting and leadership structure. The Board reviewed and approved the unaudited standalone and consolidated financial results for the quarter and half-year period ending September 30, 2026, along with the associated Limited Review Reports.
Financial Results Approved
The unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, were presented to the Board. These results, which were previously reviewed by the Audit Committee, have now received formal approval. The reports are also accessible on the company’s official website, www.inoxwind.com.
Key Management Changes
The Board approved the appointment of Shri Saibaba Vutukuri as the Managing Director (Wind Business) of the INOXGFL Group. This appointment, effective from November 14, 2026, aims to enhance the operations and management of the Group’s Wind Business. Shri Vutukuri has also been designated as Senior Management Personnel.
Additionally, the Board noted and accepted the resignation of Shri Sanjeev Agarwal from his position as Chief Executive Officer 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 that there are no other material reasons for his departure and will continue to provide advisory services to the Company as an Advisor until December 31, 2026, during the transition period.
Employee Stock Option Scheme
In a strategic move to incentivize employees, the Nomination & Remuneration Committee, and subsequently the Board, approved the grant of 1,45,096 stock options under the ‘Inox Wind – Employee Stock Option Scheme 2024’. These options are convertible into an equivalent number of equity shares of the Company upon exercise. The grant details are in compliance with SEBI regulations.
Meeting Details
The Board of Directors’ Meeting commenced at 03:35 P.M. and concluded at 04:15 P.M. on November 13, 2026.
Source: BSE
