Inox Green Energy allots 4.9 crore IRSL shares in 2026

Key development for shareholders

Inox Green Energy Services Limited has allotted 4,89,82,030 fully paid-up equity shares of Inox Renewable Solutions Limited (IRSL) to eligible shareholders. The allotment follows a scheme of arrangement between the two entities that was sanctioned by the National Company Law Tribunal (NCLT), Ahmedabad Bench. The company said shareholders were identified based on a pre-announced record date. The move is part of a corporate restructuring process that results in eligible investors receiving shares in IRSL.

The IRSL equity shares allotted under the scheme carry a face value of ₹10 each. The company is proceeding with crediting these shares to the demat accounts of eligible investors. Separately, IRSL is taking steps to obtain listing and trading approvals from stock exchanges for the newly allotted shares.

Record date and eligibility

The record date for determining eligible shareholders was fixed as August 1, 2026. Shareholders who held equity shares in Inox Green Energy Services on that date became eligible to receive IRSL shares. The entitlement was based on the exchange ratio specified in Clause 7 of the scheme, though the exchange ratio itself was not disclosed in the provided information.

Record dates matter because they create a clear cut-off for corporate actions such as share allotments, bonuses, and demerger-related distributions. In this case, August 1, 2026 served as the date on which the shareholder register was used to finalise entitlement for IRSL shares. Investors who bought or sold shares around the record date would typically pay close attention to whether the transaction settled in time for eligibility.

Board committee approval and allotment date

The allotment was approved by the IRSL Committee of the Board of Directors for Operations during its meeting held on August 24, 2026. With that approval, the company moved to allot 4,89,82,030 equity shares of IRSL to eligible Inox Green Energy Services shareholders.

The company also indicated it is now proceeding with crediting the allotted shares to the demat accounts of eligible investors. This operational step is important for investors because it determines when the IRSL shares become visible in their holdings, even before listing and trading approvals are obtained.

NCLT sanction: regulatory milestone

The scheme of arrangement was sanctioned by the Hon’ble NCLT, Ahmedabad Bench, through an order dated March 13, 2026. Such tribunal sanctions are a key legal step for schemes involving corporate restructuring, including arrangements between related entities.

With the tribunal order in place, the scheme could move into implementation phases such as setting a record date, approving allotment through a board committee, and completing share issuance. The allotment announced on August 24, 2026 is positioned as an outcome of this sanctioned scheme.

Listing and trading approvals for IRSL

Inox Renewable Solutions is taking necessary steps to obtain listing and trading approvals from stock exchanges for the newly allotted equity shares. Until approvals are secured, investors may see the shares credited in demat accounts but may not be able to trade them on stock exchanges.

The need for listing approvals is typical when new shares are issued under court or tribunal-approved schemes. For shareholders, this phase is often watched closely because it affects when the IRSL shares transition from a credited entitlement to a tradable security.

Snapshot of the scheme-related allotment

Other capital actions recently disclosed by the company

Alongside the IRSL share allotment development, Inox Green Energy Services Limited has also disclosed other capital actions and funding plans in recent periods. The company has approved a fund raise of up to ₹600 crore, comprising a base issue of ₹400 crore and a green shoe option of ₹200 crore.

In a separate event earlier in 2026, Inox Green Energy Services Limited allotted 1,98,90,000 equity shares upon conversion of convertible warrants on January 28, 2026. The issue price for that allotment was ₹145 per share, including a premium of ₹135 per share, with each share having a face value of ₹10.

Warrant conversion: what changed in the capital structure

The January 28, 2026 warrant conversion increased the company’s paid-up capital from ₹381,60,20,450 to ₹401,49,20,450, according to the provided details. Out of the warrant holder’s total holding of 2,75,86,206 warrants, 1,98,90,000 were converted into equity shares.

The remaining 76,96,206 warrants were cancelled with forfeiture of upfront payments, and the company stated there were no outstanding warrants after this action. The conversion was executed upon receipt of a conversion request from warrant holders along with payment of the balance 75% consideration.

Business context and stock reference

Inox Green Energy Services Limited provides long-term operations and maintenance (O&M) services for wind farm projects, supporting the evacuation of power from wind turbine generators. The company was earlier known as Inox Wind Infrastructure Services Limited.

The provided information also referenced a current market price of ₹178.40 for Inox Green Energy Services Ltd. Investors typically track such corporate actions alongside share-price movement because allotments, restructurings, and fund-raise plans can change how the market assesses capital structure and future dilution.

What investors will watch next

For investors who were eligible as of August 1, 2026, the near-term operational milestone is the credit of IRSL shares into demat accounts. After that, attention shifts to the listing and trading approvals being sought by IRSL from stock exchanges.

The timeline from allotment approval to tradability can vary depending on regulatory and exchange processes. For now, the factual sequence is clear: NCLT sanction on March 13, 2026, record date on August 1, 2026, and board committee approval for allotment on August 24, 2026, with listing approvals as the next stated step.