General Updates

IGESL:NOI:2026 7th October, 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 Subject: Update on the Resolution Plan for Wind World (India) Limited and investment in Vibhav Energy Private Limited, a wholly owned subsidiary Dear Sir/Madam, This is in furtherance of our disclosures dated 28th July, 2026 and 3rd August, 2026. The Hon’ble National Company Law Tribunal, Ahmedabad Bench (“NCLT”), by its order dated 27th July, 2026, approved the resolution plan dated 13th February, 2026 (read with the addendum dated 20th May, 2026) (“Resolution Plan”) submitted by the consortium comprising Inox Neo Energies Limited and Authum Investment & Infrastructure Limited (“Authum”) for the acquisition of Wind World (India) Limited (“WWIL”), a company which was undergoing corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. As informed in our disclosure dated 3rd August, 2026, Inox Green Energy Services Limited (“Company”) (directly or through its subsidiary), was identified for the acquisition of the operation and maintenance (“O&M”) business undertaking of WWIL under the Resolution Plan, by way of slump sale on a going concern basis or such other structure as may be permissible under the Resolution Plan and as approved by the Implementation and Monitoring Committee of WWIL (“IMC”) constituted in accordance with the Resolution Plan to monitor its implementation. Accordingly, Vibhav Energy Private Limited ("Vibhav"), a wholly owned subsidiary of the Company, has been identified as the implementation entity for this acquisition. As informed earlier in our disclosure dated 3rd August, 2026, the transfer of the O&M Business was expected to be completed within 60 days from date of receipt of the certified copy of the NCLT approval order, subject to the terms of the Resolution Plan. Since the aforesaid 60-day period was about to expire on 1st October, 2026, the IMC passed a resolution dated September 25, 2026 to extend such completion period up to 8th October, 2026 in terms of the Resolution Plan. We wish to inform you that, further to approval of the IMC, Vibhav has executed a Business Transfer Agreement (“BTA”) with WWIL for the acquisition of the O&M business of WWIL in terms of the Resolution Plan and has, on 6th October, 2026, fully paid the lump sum amount of Rs. 550 Crore towards the cost of such acquisition. The acquisition/ transfer of the O&M business undertaking of WWIL as a going concern will be completed upon satisfaction of the conditions precedent specified in the BTA. Out of the purchase consideration of Rs. 550 Crore, the consideration of Rs. 450 Crore has been infused in Vibhav by the Company by way of subscription to its equity shares for a cash consideration of Rs. 250 Crore and grant of inter corporate deposit of Rs. 200 Crore, out of which Rs. 50 Crore is to be converted into equity/securities of Vibhav at a future date, as per the terms of the inter-corporate facility agreement. Being a wholly-owned subsidiary, there is no change in the shareholding percentage of the Company in Vibhav pursuant to this investment. The balance consideration of Rs. 100 Crore has been infused by Authum by way of inter-corporate deposits, which is to be converted into equity/securities of Vibhav at a future date, as per the terms of the inter-corporate facility agreement. The detailed disclosures in respect of the abovementioned investment and loan, as required under Regulation 30 read with Para A of Part A of Schedule III (in relation to the acquisition/subscription of equity shares of Vibhav) and Para B of Part A of Schedule III (in relation to the inter-corporate deposit extended to Vibhav) of the Listing Regulations and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD- POD2/I/3762/2026 dated 30th January 2026, are enclosed herewith as Annexure - A and Annexure – B respectively. We request you to kindly take the above information on record. Thanking You Yours faithfully, For Inox Green Energy Services Limited Anup Kumar Jain Company Secretary Encls: a/a Annexure – A The disclosure of information required pursuant to Regulation 30 of the Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026, last updated on 30th January, 2026, is as follows: S. No. Particulars Details a. Name of the target entity, details in brief Vibhav Energy Private Limited (“Vibhav”), a such as size, turnover etc. wholly owned subsidiary of the Company. The Registered Office of Vibhav is situated at 301, ABS Tower, Old Padra Road, Vadodara, Gujarat, 390007. The Authorised, Issued and Paid-up equity share capital of Vibhav as of date is (after considering above allotment): (i) Authorised Share capital: Rs. 500.01 Crore; (ii) Paid up equity share capital: Rs. 250.01 Crore The turnover of Vibhav for FY 2025-26 was Nil. b. Whether the acquisition would fall within Yes. related party transaction(s) and whether the promoter/ promoter group/ group Vibhav is a wholly owned subsidiary of the Company, and the proposed investment constitutes companies have any interest in the entity a related party transaction. being acquired? If yes, nature of interest and details thereof and whether the same Other than the aforesaid shareholding relationship, is done at “arm’s length.” Promoter / promoter group / group companies do not have any interest in the said transaction. The transaction is at arm’s length. c. Industry to which the entity being Vibhav is engaged in the business of providing acquired belongs. operation and maintenance services for wind power service providers within India. d. Objects and impact of acquisition The investment has been made to enable Vibhav to (including but not limited to, disclosure fund the purchase consideration for the acquisition of reasons for acquisition of target entity, of the O&M business undertaking of Wind World if its business is outside the main line of (India) Limited (“WWIL”) pursuant to the business business of the listed entity). transfer agreement executed between Vibhav and WWIL as per the terms of the Resolution Plan. e. Brief details of any governmental or No government or regulatory approval is required. regulatory approvals required for the acquisition. S. No. Particulars Details f. Indicative time period for completion of Not Applicable the acquisition. The investment is being made in a wholly-owned subsidiary. Since the Company continues to hold 100% of the equity share capital of Vibhav, there is no change in control or shareholding Allotment of equity shares by Vibhav has been completed g. Consideration – whether cash Cash consideration. consideration or share swap or any other form and details of the same. h. Cost of acquisition and/or the price at Total consideration of Rs. 250 Crore for which the shares are acquired. subscription to 25 Crore equity shares, each having face value of Rs. 10 each, issued at par on a rights issue basis. i. Percentage of shareholding / control Vibhav is a wholly owned subsidiary of the acquired and / or number of shares Company. There is no change in the Company’s acquired. percentage shareholding in Vibhav. j. Brief background about the entity Vibhav was incorporated on July 10, 2017, and is acquired in terms of products/line of engaged in the business of providing operation and business acquired, date of incorporation, maintenance services for major wind power service history of last 3 years turnover, country in providers within India. which the acquired entity has presence and any other significant information (in Country: India brief). The turnover of Vibhav in each of the last three years was Nil. Annexure – B Details of the inter-corporate deposit between Inox Green Energy Services Limited and Vibhav Energy Private Limited. S. No. Particulars Details a. Na [Showing first 8,000 characters — download PDF for full document]