Inox Wind Limited Announces Quarterly Results and Re-appoints Ms. Madhurima Sayan Das as Independent Director

Inox Wind Limited Announces Quarterly Results and Re-appoints Ms. Madhurima Sayan Das as Independent Director​

Inox Wind Limited reported its Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The company also announced a key decision regarding its board structure, approving the re-appointment of Ms. Madhurima Sayan Das as an Independent Director.

The Board of Directors held a meeting on August 7, 2026, during which it approved these results and the appointment details.

Financial Performance Summary (Quarter Ended June 30, 2026)​

Inox Wind Limited released comprehensive financial data covering both standalone and consolidated results for the quarter ending June 30, 2026. The results were reviewed by the Audit Committee of the company.

Key Standalone Financial Results are presented below:


The management reported that certain supply/commissioning of WTGs/operation and maintenance services does not require any material adjustment on account of delays or machine availability. The results for the quarter ended March 31, 2026, represent the difference between audited figures for the full financial year and published unaudited figures up to the third quarter, which were subject to limited review by auditors.

Consolidated Results and Corporate Governance Updates​

The consolidated financial results for the same period have also been reviewed and approved by the Board of Directors. The Group conducts business across several segments, including manufacturing of Wind Turbine Generators (WTG), and providing erection, procurement & commissioning (EPC) services, operations & maintenance (O&M), and common infrastructure facility services for WTGs.

Appointment of Independent Director
The Board of Directors approved the re-appointment of Ms. Madhurima Sayan Das as an Independent Director of the company for a second term of one year, effective from September 5, 2026, subject to shareholder approval. Ms. Das has extensive experience in financial advisory services and mergers and acquisitions across various sectors.

Investments and Mergers
In the course of operations, the Holding Company incorporated six wholly-owned step down subsidiaries (SPVs) through a request for selection process under the Solar Energy Corporation of India (SECI). The company invested funds in these SPVs via Inter-Corporate deposits and provided bank guarantees amounting to Rs. 5,578 Lakh.

Furthermore, the company transferred an investment of Rs. 275.43 Lakhs in Inox Renewable Services Limited (IRSL) across various parties of the group. This transaction led to a dilution of holding in the subsidiary from 88.84% to 88.41% as of June 30, 2026. The company confirmed that it will not lose control as defined in Ind AS 110.

Additionally, the group completed a demerger scheme between Inox Green Energy Services Limited and Inox Renewable Solutions Limited (Resulting Company), which was sanctioned by the National Company Law Tribunal (NCLT) on March 12, 2026. This scheme is expected to reduce the company's shareholding in IRSL from 88.41% to 79.75%.

Overview of Board Actions and Qualifications​

The board meeting on August 7, 2026, addressed several key matters:

• Director Re-appointment: Ms. Madhurima Sayan Das was re-appointed as an Independent Director for a term starting September 5, 2026.
• SPV Investments: The company invested funds in the six SPVs and provided bank guarantees of Rs. 5,578 Lakh. Management noted that once projects are commissioned, the company expects to recover these funds and release the bank guarantees.

Independent auditors' review reports for both standalone and consolidated results found nothing that caused them to believe the accompanying statement contained any material misstatement regarding disclosure requirements.

INOXWIND Stock Price Movement​

Shares of Inox Wind Limited today slipped by 0.26% to settle at ₹78.00 in post-market trading. The equity recorded a traded volume of 9.96 million shares during the session.