<h1>Record Date Set for Scheme of Arrangement Between Inox Green Energy Services Limited and Inox Renewable Solutions Limited</h1>
Inox Green Energy Services Limited announced that Saturday, 1 August 2026, has been fixed as the Record Date for determining eligible equity shareholders in connection with the ongoing Scheme of Arrangement involving the company and Inox Renewable Solutions Limited (IRSL).
The decision follows the completion of the Scheme of Arrangement between Inox Green Energy Services Limited (the Demerged Company) and Inox Renewable Solutions Limited (the Resulting Company), impacting their respective shareholders. The Record Date is designated for the purpose of establishing eligibility to receive equity shares of IRSL based on the approved share exchange ratio.
The details of the share conversion, as specified in the arrangement, are as follows:
| Shares Held in Inox Green Energy Services Limited | Issued Equity Shares of IRSL (Face Value Rs 10/- each) |
|---|---|
| 1,000 equity shares | 122 equity shares |
In addition to the exchange ratio, the company confirmed that it holds no outstanding warrants. Consequently, the warrant-related exchange ratio is not applicable for this transaction.
INOXGREEN Stock Price Movement
Inox Green Energy Services Limited shares slipped by 1.38% on Wednesday, closing at ₹193.49 following the earlier trading session. The stock saw a volume of 494,261 shares traded during the period as it managed to stay near its day's low of ₹192.25.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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