Inox Green Energy Services Announces Board Outcomes: Financial Results Released and Director Re-appointments Confirmed

Inox Green Energy Services Announces Board Outcomes: Financial Results Released and Director Re-appointments Confirmed​

Inox Green Energy Services Limited, a group company of INOXGFL, has announced key outcomes following its Board meeting held on August 7, 2026. The company released its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, alongside decisions regarding the re-appointment of two directors.

The results reflect both operational performance and ongoing strategic developments in the renewable energy sector, including investments through wholly owned subsidiaries (SPVs) and the completion of a business demerger.

Q4 Financial Performance Highlights​

The standalone financial results for Inox Green Energy Services Limited for the quarter ended June 30, 2026, show continued operation performance metrics.

Key figures from the unaudited standalone results (in Lakhs) are:


The consolidated unaudited financial results for the quarter also showed substantial figures, with revenue from operation reported at 4,329 Lakh.

Key Board Decisions and Director Re-appointments​

During the meeting, the Board of Directors approved the re-appointment of two key directors based on recommendations from the Nomination and Remuneration Committee.

Manoj Dixit Re-appointment:
Shri Manoj Dixit was re-appointed as a Whole-time Director for a further period of two years, effective from October 8, 2026. His current term is set to expire on October 7, 2026. Shri Dixit holds an MBA in Mechanical Engineering and possesses over 28 years of experience across power management, project development, and regulatory approvals within the sector.

Bindu Saxena Re-appointment:
Ms. Bindu Saxena was re-appointed as an Independent Director for a second term of five consecutive years, effective from December 14, 2026. Ms. Saxena is noted to be a practicing advocate with over three decades of experience in corporate law and commercial transactions.

Operational Status and Strategic Developments​

The company continues its focus on strategic growth through various ventures:

• SPV Investment: The Group incorporated six wholly owned subsidiaries (SPVs) through the Request for Selection process under SECI to establish wind farm projects. In these endeavors, the company provided Inter-Corporate deposits and bank guarantees totaling Rs. 5,578 Lakh.
• Project Status: Aboard reviewed the status of the SPV projects. The management noted that a project completion date had expired for one such entity on June 30, 2024, leading to the invocation of a Bank Guarantee. The company is currently filing an appeal in the APTEL with condonation of delay regarding this matter.
• Demerger Completion: The scheme to demerge the Power Evacuation business from Inox Green Energy Services Limited into a Resulting Company (inox Renewable Solutions Limited) was sanctioned by the Hon'ble National Company Law Tribunal, Ahmedabad (NCLT) on March 13, 2026. The scheme became effective from May 4, 2026.

INOXGREEN Stock Price Movement​

Today, shares of Inox Green Energy Services Limited edged higher to settle at ₹179.43 after gaining 2.01%, closing significantly above the day's opening price. The stock traded against an intraday range between ₹172.0 and ₹180.5 amidst a volume of 409,360 shares.