Certified true copy of the final order of Hon'ble NCLT, Ahmedabad Bench
As filed · Inox Green Energy Services Limited has informed the Exchange about the Certified true copy of the final order of Hon'ble NCLT, Ahmedabad Bench.
What happened
FactInox Green Energy Services Limited has received a certified copy of the order from the Hon’ble National Company Law Tribunal, Ahmedabad Bench, approving the Scheme of Arrangement between Inox Green Energy Services Limited and Inox Renewable Solutions Limited. The filing is made in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. A certified copy of the order is enclosed with the…
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
- Inox Green Energy Services Limited has informed the Exchange about the Certified true copy of the final order of Hon'ble NCLT, Ahmedabad Bench.(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%