Allotment of equity shares by Vibhav Energy Private Limited a wholly owned subsidiary of the Company and consequential cessation of Vibhav Energy Private Limited as a wholly owned Subsidy of the Company

IGESL: NOI: 2026 9th 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 Sub: Allotment of Equity Shares by Vibhav Energy Private Limited, a wholly-owned subsidiary of the Company and consequential cessation of Vibhav Energy Private Limited as a wholly-owned subsidiary of the Company Dear Sir/Madam, This is in furtherance of our disclosure dated 7th October, 2026, inter alia, regarding the inter-corporate deposits ("ICDs") extended to Vibhav Energy Private Limited ("Vibhav"), a wholly-owned subsidiary of the Company. We wish to inform you that, on 9th October, 2026, Vibhav has converted ICDs aggregating to Rs. 150 Crore into equity shares of face value Rs. 10/- each and allotted: i. 5 Crore equity shares to the Company, pursuant to conversion of its ICDs aggregating to Rs. 50 Crore; and ii. 10 Crore equity shares to Authum Investment & Infrastructure Limited (“Authum”), pursuant to conversion of its ICDs aggregating to Rs. 100 Crore. Consequent to the aforesaid allotments, the Company’s shareholding in Vibhav stands at 75% and the shareholding of Authum in Vibhav stands at 25%. Accordingly, Vibhav has ceased to be a wholly-owned subsidiary of the Company and continues to be a subsidiary of the Company. The details of the allotment of equity shares to the Company pursuant to conversion of its ICD, as required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with the applicable SEBI Circular, are enclosed herewith as Annexure A. 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 Encl: a/a Annexure – A Details in respect of acquisition of equity shares of Vibhav Energy Private Limited by the Company pursuant to conversion of ICD S. No. Particulars Details a. Name of the target entity, details in Vibhav Energy Private Limited (“Vibhav”), a brief such as size, turnover etc. subsidiary of the Company (which has ceased to be a wholly-owned subsidiary of the Company). Registered Office: 301 ABS Tower, Old Padra Road, Vadodara- 390007, Gujarat The Authorised Share Capital of Vibhav is Rs. 500.01 Crore and the Paid-Up Equity Share Capital of Vibhav (after considering the conversion of ICDs of the Company and Authum) is Rs. 400.01 Crore. The turnover of Vibhav for FY 2025-26 was Nil. b. Whether the acquisition would fall Yes. within related party transaction(s) Vibhav is a subsidiary of the Company, and the and whether the promoter/ promoter conversion of ICDs into equity shares constitutes a group/ group companies have any related party transaction. interest in the entity being acquired? Other than Vibhav being a subsidiary of the Company, If yes, nature of interest and details neither the promoter nor promoter group entities have thereof and whether the same is done any direct interest in the aforesaid transaction. at “arm’s length”. The transaction has been done 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 conversion of ICDs into equity shares is (including but not limited to, undertaken to restructure the Company’s existing disclosure of reasons for acquisition financial exposure in accordance with the terms of the of target entity, if its business is inter-corporate facility agreement and does not involve outside the main line of business of any fresh cash outflow by the Company. the listed entity). e. Brief details of any governmental or No governmental or regulatory approval is required regulatory approvals required for the acquisition. f. Indicative time period for completion Completed. of the acquisition. g. Consideration – whether cash The consideration is non-cash. The Company's ICD consideration or share swap or any aggregating to Rs. 50 Crore has been converted into other form and details of the same. equity shares. h. Cost of acquisition and/or the price at 5 Crore equity shares of Rs. 10 each, aggregating to Rs. which the shares are acquired. 50 Crore, were allotted pursuant to conversion of the ICDs. i. Percentage of shareholding / control Pursuant to conversion of its ICDs, the Company was acquired and / or number of shares allotted 5 Crore equity shares. Consequent to the acquired. simultaneous allotment of 10 Crore equity shares to Authum pursuant to conversion of its ICDs, the Company's shareholding in Vibhav stands at 75%. 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 maintenance services for major wind power service incorporation, history of last 3 years providers within India. turnover, country in which the Country: India acquired entity has presence and any other significant information (in The turnover of Vibhav in each of the last three years brief). was Nil.