Receipt of NCLT Approval by the Consortium in the matter of Wind World (India) Limited
As filed · Inox Green Energy Services Limited has informed the Exchange about General Updates - Receipt of NCLT Approval by the Consortium in the matter of Wind World (India) Limited
What happened
FactThe Hon’ble National Company Law Tribunal has orally approved the resolution plan submitted by a consortium comprising Inox Neo Energies Limited and Authum Investment & Infrastructure Limited for Wind World (India) Limited. The plan includes the acquisition of the independent power producer and power sale undertaking, as well as the operations and maintenance business of WWIL by INOXGFL Group companies. A detailed disclosure will be provided once the written certified copy…
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
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 interpretationWatch next
Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
- 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
- General Updates(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
How CapitSignal classified this
- Reasoning:
- INSOLVENCY base 93; explicit insolvency/default evidence present; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%