NSEAction(s) taken or orders passed6 Oct 2026 · 6 Oct 2026, 04:46 pm
Action(s) taken or orders passed
Indowind Energy Limited · INDOWIND
✦ AI Summary▲ PositiveRegulatory
Indowind Energy Limited has informed the Exchange about a favourable court order in a commercial summary suit filed by the company against Bank of Baroda, resulting in the company being entitled to receive ₹1,00,00,000/- with interest, which is expected to strengthen the company's financial position and provide additional resources for expansion and repowering projects.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10
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Indowind Energy Limited has informed the Exchange about Action(s) taken or orders passed
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06th October, 2026
The BSE Ltd. The National Stock Exchange of India Ltd.
1st Floor, New Trading Wing, Rotunda Exchange Plaza, 5th Floor, C – 1, Block G
Building Phiroze Jeejeebhoy Towers, Bandra – Kurla Complex, Bandra (E)
Dalal Street, Fort Mumbai – 400001 Mumbai – 400051
Scrip Code: 532894 Symbol: INDOWIND
Dear Sir/Madam,
Sub: Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 – Order passed by the Bombay City Civil Court in
Commercial Summary Suit No. 502 of 2024
Pursuant to Regulation 30 read with Part B of Schedule III of the SEBI (LODR) Regulations,
2015, we inform you of the following order passed in a suit filed by the Company VS BANK OF
BARODA. The details are set out below:
Sr. Particulars Details
i. Name of the authority Bombay City Civil Court, Greater Mumbai at
Mazgaon (Commercial Court)
(H. C. SUMMARY SUIT NO.1614 OF 2007)
ii. Nature and details of the action(s) Final judgment and decree passed in favour of
taken or order(s) passed the Company (Plaintiff). The suit has been
partly decreed with costs.
The Court has directed the Defendant bank to
pay / encash Bank Guarantee No.
MPN/RCK/CICON/182/03-04 dated
26/05/2003 for Rs. 1,00,00,000/- (Rupees
One Crore only) in favour of the Company,
together with simple interest at 12% p.a. from
17/06/2004 (date of invocation) till realisation
of the entire amount.
iii. Date of receipt of direction or 06th October 2026.
order, including any ad-interim or
interim orders, or any other
communication from the authority
iv. Details of the Not Applicable
violation(s)/contravention(s)
committed or alleged to be
committed
Sr. Particulars Details
v. Impact on financial, operation or Positive Impact:
other activities of the listed entity,
1. The Company is entitled to receive the
quantifiable in monetary terms to
principal amount of the Bank
the extent possible
Guarantee of ₹1,00,00,000/-, together
with interest at 12% per annum from
17 June 2004 until the date of
payment.
2. The Company expects to realise a
substantial amount towards the
interest accrued over the past 23
years.
3. The realisation of the aforesaid amount
will significantly strengthen the
Company’s financial position and
provide additional resources to
undertake larger expansion and
repowering projects.
4. The proposed expansion and
repowering initiatives are expected to
contribute to the growth of the
Company’s turnover and profitability.
5. There is no adverse impact on the
operations of the Company arising
from the matter.
Thanking you,
Yours faithfully,
For Indowind Energy Limited
B Sharath
Company Secretary & Compliance Officer