Scheme of Arrangement
What happened
FactScheme of Arrangement. purpose of considering, and if thought fit, approving the Scheme of Arrangement between Inox Green. The meeting of Equity Shareholders, Warrant Holders, Secured Creditors and Unsecured.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
RevisedFor FY '27, we expect our consolidated revenue to grow by around 75% over FY '26 with EBITDA margin of 20%-22%.
Rest assured, it is 50% as the guidance we always maintain.
Change
FactImplication
CapitSignal interpretationCapex
RevisedThis year's target is also around INR 200 odd crores.
Around INR 150 odd crores have been expended.
Change
FactImplication
CapitSignal interpretationMargins
RevisedOur EBITDA grew from Rs. 97.3 crore in FY 2022-23 to Rs. 128.7 crore in FY 2023-24, reflecting improved margins and enhanced operational efficiency.
Additionally, our PAT for the year totalled Rs. 29.8 crore, underpinning our persistent emphasis on profitability.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
- Further, we are substantially upgrading our full year FY '26 EBITDA margin guidance to 20-22% versus 18%-19% e (management committed by FY26)
- For FY '26, we expect to achieve a consolidated revenue of over INR 5,000 crore, translating to over 35% Y-o-Y (management committed by FY26)
Evidence
- Inox Green Energy Services Limited has informed the Exchange about Scheme of Arrangement - Update on the Scheme of Arrangement between Inox Green Energy Services Limited and Inox Renewable Solutions Limited and their respective shareholders ( Scheme ) Notice for convening of the Meetings(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · FY24
- Latest statement · FY24
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%