Inox Green Energy Executes Scheme of Arrangement, Allots 4.9 Crore Shares

Inox Green Energy Services Ltd has commenced the share allotment process for 4,89,82,030 equity shares to Inox Renewable Solutions Limited (IRSL) shareholders.

Reader Takeaway: Successful share allotment completed; monitor demat credit and exchange listing approvals.

What just happened

Inox Green Energy Services Limited (IGESL) has initiated the formal share allotment under a sanctioned Scheme of Arrangement with Inox Renewable Solutions Limited (IRSL). This action follows the National Company Law Tribunal's (NCLT) approval on March 13, 2026.

The 'IRSL Committee of the Board of Directors for Operations' approved the issuance of 4,89,82,030 fully paid-up equity shares on August 24, 2026. These shares are being allotted to IGESL shareholders who were on record as of August 1, 2026, following the established share exchange ratio.

Why this matters

This allotment signifies the execution phase of the approved corporate restructuring. It will lead to the issuance of new shares to eligible shareholders, impacting the company's capital structure and potentially its market capitalization once listed.

The backstory

The scheme of arrangement between IGESL and IRSL received sanction from the NCLT, Ahmedabad Bench, on March 13, 2026. This process is a crucial step in the integration or restructuring plan between the two entities.

What changes now

Eligible shareholders will see these new shares credited to their demat accounts. The company is also working to obtain the necessary listing and trading approvals from stock exchanges for these newly allotted shares.

Risks to watch

Potential delays in demat credit or obtaining stock exchange approvals could impact the seamless completion of this corporate action for shareholders.

Peer comparison

While specific peer actions aren't detailed in the filing, such schemes of arrangement are common in corporate finance for consolidation, mergers, or restructuring purposes across various sectors.

Context metrics (time-bound)

• NCLT Approval Date: March 13, 2026
• Record Date for Eligibility: August 1, 2026
• Allotment Date: August 24, 2026
• Total Shares Allotted: 4,89,82,030
• Face Value Per Share: Rs 10

What to track next

Investors should monitor the completion of the demat credit to their accounts and the announcement of listing and trading approvals for the IRSL shares on the stock exchanges.