BSECompany Update1d ago · 24 Sept 2026, 05:49 pm
Outcome of the meeting of the IGESL Committee of the Board of Directors for Operations ("Operations Committee") about the opening of QIP
Inox Green Energy Services Ltd · 543667
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Inox Green Energy Services Ltd has announced the outcome of the meeting of the IGESL Committee of the Board of Directors for Operations, which has authorized the opening of a Qualified Institutional Placement (QIP) of equity shares at a floor price of Rs.174.36 per share.
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Full Announcement
Inox Green Energy Services Ltd - 543667 - Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
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IGESL: NOI: 2026 24th 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
Dear Madam / Sir
Re: Qualified Institutions Placement of equity shares of face value of Rs. 10 each (the
“Equity Shares”) by Inox Green Energy Services Limited (the “Company”) under
the provisions of Chapter VI of Securities and Exchange Board of India (Issue of
Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI
ICDR Regulations”), and Sections 42 and 62 of the Companies Act, 2013 (including
the rules made thereunder), as amended (the “Issue”).
Sub: Outcome of the meeting of the IGESL Committee of the Board of Directors for
Operations (“Operations Committee”)
We wish to inform you that, pursuant to the approval accorded by the Board of Directors of the Company
(the “Board”), at its meeting held on 22nd July, 2026, and the approval of the shareholders of the
Company, pursuant to the special resolution passed at the Extra-ordinary General Meeting held on 13th
August, 2026, the IGESL Committee of the Board of Directors for Operations (the “Operations
Committee”), at its meeting held today i.e. 24th September, 2026, inter alia, considered and passed
the following resolutions:
a. Authorizing the opening of the Issue today, i.e. 24th September, 2026;
b. Approving the floor price for the Issue, being Rs.174.36 per Equity Share (“Floor Price”), based
on the pricing formula as prescribed under the SEBI ICDR Regulations; and
c. Approving and adopting the preliminary placement document dated 24th September, 2026, together
with the application form in connection with the Issue.
We further wish to inform you that the Operations Committee has fixed the ‘relevant date’ for the
purpose of the Issue, in terms of Regulation 171(b)(i) of the SEBI ICDR Regulations, as 24th September,
2026, and accordingly the floor price in respect of the Issue has been determined, based on the pricing
formula as prescribed under Regulation 176(1) of the SEBI ICDR Regulations, as Rs.174.36 per Equity
Share.
Pursuant to Regulation 176(1) of the SEBI ICDR Regulations and in accordance with the approval of the
shareholders of the Company, pursuant to the special resolution passed at the Extra-ordinary General
Meeting held on 13th August, 2026, the Company may at its discretion offer a discount of not more than
5% on the floor price so calculated for the Issue.
The Issue price of the equity shares will be determined by the Company in consultation with the book
running lead manager appointed for the Issue.
Further, in accordance with the Company's Code for Prevention of Insider Trading and the SEBI
(Prohibition of Insider Trading) Regulations, 2015, as amended, the trading window for dealing in the
securities of the Company has been closed for all designated persons and their immediate relatives(s)
from 24th September, 2026 and the same shall remain closed till 48 hours after determination of issue
price.
The meeting of the Operations Committee commenced at 3:45 P.M. and concluded at 4.30 P.M.
We request you to kindly take this on record, and the same be treated as compliance under Regulation
29(1) and 30 and other applicable regulations of the Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, as amended.
Thanking you
Yours faithfully,
For Inox Green Energy Services Limited
Anup Kumar Jain
Company Secretary