Annual Report of the Company for the Financial Year 2025-26

IGESL: NOI: 2026 3rd September, 2026 The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Phiroze Jeejeebhoy Towers Exchange Plaza, Bandra Kurla Complex Dalal Street Bandra (E) Mumbai 400 001 Mumbai 400 051 Scrip code: 543667 NSE Symbol: INOXGREEN Sub: Annual Report of the Company for the Financial Year 2025-26 Dear Sirs, We wish to inform you that the 14th Annual General Meeting (‘AGM’) of Inox Green Energy Services Limited (the ‘Company’) is scheduled to be held on Friday, 25th September, 2026 at 12.00 Noon (IST) through Video Conferencing/ Other Audio-Visual Means (‘VC/OAVM’). Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith the copy of the Annual Report for the Financial Year 2025-26, inter- alia, containing the Notice of the AGM. The same is also available on the Company’s website at https://www.inoxgreen.com/ and is being dispatched today to all the eligible shareholders whose e- mail Ids are registered with the Company/ Depositories. Further, a physical letter providing the web- link, including the exact path, where complete details of Annual Report is available, have been sent to those shareholder(s) whose e-mail ids were not registered. The Company is providing to its Members the facility to exercise their right to vote on the resolutions proposed to be passed at the AGM by electronic means. Only a person whose name is recorded in the Register of Members or in the Register of Beneficial Owners maintained by the Depositories as on the Cut-off date i.e., Friday, 18th September, 2026, shall be entitled to avail the e-Voting facility. The remote e-Voting facility commences on Tuesday, 22nd September, 2026 from 9.00 A.M. (IST) and will end on Thursday, 24th September, 2026 at 5.00 P.M. (IST). We request you to take the above on record. Thanking You Yours faithfully, For Inox Green Energy Services Limited Anup Kumar Jain Company Secretary Encl.: As above GROUP B E Y O N D I N FI N IT Y Empowering a Greener Bharat Annual Report 2025-26 Contents Empowering a Greener 02-82 Corporate Overview Bharat About INOXGFL Group 02 About INOX Green 04 What Sets Us Apart 06 Message from the CEO 08 Financial Performance 10 Business Model 12 India's renewable energy ambitions are transforming Our Presence 14 the country's power landscape at an unprecedented Operating Landscape 16 pace. The true success of this transformation Our Growth Strategy 18 Strengthening Responsible depends not only on creating renewable assets, but Renewable Operations 20 also on ensuring that they continue to perform with Board of Directors and reliability, efficiency and consistency throughout Management Team 22 their operating life. As India’s renewable footprint Corporate Information 24 Environmental, Social and grows in both scale and complexity, O&M (operations Governance Report 26 and maintenance) is emerging as a very important pillar of the clean energy ecosystem. 83-228 Delivering this performance requires connected renewable ecosystem more than maintenance; it demands where projects seamlessly transition Statutory Reports expertise, technology and disciplined from development and commissioning execution. As India's only listed pure-play to long-term asset management. This Management renewable operations and maintenance integration enables us to participate Discussion and Analysis 83 company, we work behind the scenes across the renewable value chain to keep renewable assets performing at while providing customers with the Notice 95 their best. Managing an O&M portfolio confidence of a partner backed by Board’s Report 154 exceeding 13 GWp across wind and deep technical expertise and proven Corporate Governance Report 176 solar assets (As on Mar-26), we combine execution capabilities. engineering expertise, digital monitoring, Business Responsibility & predictive maintenance and data- As India accelerates its transition Sustainability Report 194 towards a cleaner energy future, we led insights to maximise equipment remain focused on enabling renewable availability, improve generation infrastructure to deliver its full potential. efficiency and enhance the productivity 229-389 By combining operational excellence of renewable infrastructure. with technology-led asset management Financial Statements Our role is further amplified by the and a growing national footprint, integrated capabilities of the INOXGFL we are helping transform installed Group. With a presence spanning wind renewable capacity into dependable, Standalone Financial Statements 229 turbine manufacturing, EPC, renewable everyday power—supporting industries, Consolidated Financial Statements 310 power generation, solar manufacturing communities and the nation's aspiration and O&M, the Group creates a for a cleaner, more energy-secure future. Corporate Overview Statutory Reports Financial Statements About INOXGFL Group The Power Behind Chemicals GFCL EV Products Limited GFCL Solar & Green Hydrogen Products Limited Gujarat Fluorochemicals Limited A subsidiary of GFL, GFCL EV serves Our Progress the electric mobility and energy storage A subsidiary of GFL, the company GFL is a leading Indian chemicals ecosystem with a comprehensive provides fluoropolymer solutions for the company serving global markets with portfolio comprising battery salts, solar and green hydrogen value chain, a broad portfolio of fluoropolymers additives, electrolytes, Cathode Active including proton exchange membranes and fluorochemicals. As India’s INOXGFL Group is a multi-billion-dollar Indian conglomerate with a legacy spanning largest manufacturer of PTFE / Material and cathode binders. for electrolysers and fuel cells. more than nine decades and three listed entities. The Group has established a fluoropolymers, the company continues to address emerging diversified presence across chemicals and renewables, with businesses spanning applications across new-age fluoropolymers, fluorochemicals, battery chemicals, wind turbines, EPC, renewable segments such as EVs, BESS and O&M, solar cells and modules and renewable power generation. green hydrogen. Years Since Inception Listed Companies on BSE Renewables and NSE Inox Wind Limited Inox Clean Energy Limited IWL is a fully integrated wind energy Inox Clean is the holding company of Inox Neo Energies, the Group’s renewable IPP, and company providing end-to-end turnkey Inox Solar, its solar cell and module manufacturing business. 6,400+ solutions across the wind power value chain. Its offerings include manufacturing Employees Across the Group Inox Neo Energies Limited Inox Solar Limited and supply of 2 MW, 3 MW and the upcoming 4.X MW class WTGs, EPC and Inox Neo is a renewable power generation Inox Solar is an integrated solar infrastructure development through Inox platform targeting 14 GW of hybrid manufacturing company, with a target Renewable Solutions Limited as well as renewable energy capacity across wind, of 11 GW of solar cell and module For Inox Green, this ecosystem O&M services through Inox Green. solar and BESS by FY29. manufacturing capacity across is a strategic advantage. The India and the US. Group’s integrated approach Inox Renewable Solutions Limited across manufacturing, project development and execution, Formerly Resco Global, this subsidiary renewable power generation provides EPC and infrastructure services, and O&M creates a pipeline of including resource assessment, site opportunities as new assets are acquisition, project and evacuation developed and commissioned. infrastructure development, erection and commissioning of WTGs and During FY2025-26, this advantage modules, along with crane services and translated into greater business transformer manufacturing. visibility, with Inox Green’s renewable O&M portfolio expanding to 13+ GWp (As on Mar- Inox Green Energy Services Limited 26), supported by wind and solar assets across India. A subsidiary of IWL, Inox Gr [Showing first 8,000 characters — download PDF for full document]