NSEDiversification/Disinvestment29 Jun 2026 · 29 Jun 2026, 07:16 pm
Diversification/Disinvestment
Inox Wind Limited · INOXWIND
✦ AI SummaryDivestiture
Inox Wind Limited has informed the Exchange about the disinvestment of shares of its material subsidiary, Inox Renewable Solutions Limited, for an aggregate transaction value of approximately Rs. 50 Crore.
Analysis Scores
Earnings Impact2/10
Growth Catalyst5/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk3/10
Liquidity Impact8/10
Market Sentiment5/10
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Full Announcement
Inox Wind Limited has informed the Exchange about Diversification/Disinvestment
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INOXWIND_29062026191555_IWL_SE_IRSL.pdf
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IWL: NOI: 2026 29th June, 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: 539083 Trading Symbol: INOXWIND
Sub: Intimation regarding disinvestment of shares of Company’s material subsidiary
Dear Sir/Madam,
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015 (“Listing Regulations”), we wish to inform you that Inox Wind Limited (“the Company”) has executed
binding agreements, the last of which was executed on 29th June, 2026, for partial divestment of equity
shares of face value of Rs.10/- each of its material subsidiary, Inox Renewable Solutions Limited (“IRSL”)
for an aggregate transaction value of approximately Rs. 50 Crore.
Post completion of the aforesaid transaction, the Company’s shareholding in IRSL shall stand reduced from
88.84% to 87.98%.
The details as required under Regulation 30 of the Listing Regulations read with SEBI Master Circular No.
SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 are enclosed herewith as Annexure A.
You are requested to kindly take the above information on record.
Thanking you,
Yours faithfully,
For Inox Wind Limited
Deepak Banga
Company Secretary
Encl.: a/a
Annexure A
Sale or disposal of unit(s) or division(s), whole or substantially the whole of the
undertaking(s) or subsidiary of the listed entity, sale of stake in the associate company of
the listed entity:
S. Particulars Details
a) The amount and percentage of the Name of the subsidiary: Inox Renewable
turnover or revenue or income and net Solutions Limited (“IRSL”)(formerly known as
worth contributed by such unit or Resco Global Wind Services Private Limited)
division or undertaking or subsidiary or CIN: U40106GJ2020PLC112187
associate company of the listed entity
during the last financial year; Paid-up Capital: Rs. 161,94,12,560 comprising of
16,19,41,256 equity shares of face value of Rs.10/-
each.
Revenue of IRSL & its contribution: Rs. 564.05
Crore and it contributed 12.83% in consolidated
revenue of the Company in FY 2025-26;
Net Worth of IRSL & its contribution: Rs. 897.77
Crore and it contributed 14.07% in consolidated
net worth of the Company in FY 2025-26.
b) Date on which the agreement for sale has 29th June, 2026
been entered into;
c) The expected date of completion of Expected to be completed within the next 10 days
sale/disposal;
d) Consideration received from such The aggregate transaction value is approximately
sale/disposal; Rs. 50 Crore
e) Brief details of buyers and whether any of The shares have been divested to certain third
the buyers belong to the promoter/ parties.
promoter group/group companies. If yes, None of the buyers form part of promoter/
details thereof; promoter group of the Company.
f) Whether the transaction would fall within Yes. The transaction is considered as a related
related party transactions? If yes, party transaction and has been undertaken at
whether the same is done at “arm’s arm’s length.
length”;
g) Whether the sale, lease or disposal of the Not Applicable
undertaking is outside Scheme of
Arrangement? If yes, details of the same
including compliance with regulation 37A
of LODR Regulations
h) Additionally, in case of a slump sale, Not Applicable
indicative disclosures provided for
amalgamation/merger, shall be disclosed
by the listed entity with respect to such
slump sale.