Scheme of Arrangement
M&AWatchNotablemateriality 74 out of 100
What happened
FactScheme of Arrangement. Limited and Inox Renewable Solutions Limited and their respective. Law Tribunal, Ahmedabad Bench (“Hon’ble NCLT”), has approved the Scheme of Arrangement.
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
RevisedEarlierQ1 FY27
For FY '27, we expect our consolidated revenue to grow by around 75% over FY '26 with EBITDA margin of 20%-22%.
NowQ1 FY27
Rest assured, it is 50% as the guidance we always maintain.
Change
FactTarget revision
Implication
CapitSignal interpretationThe earlier statement projected a 75% revenue growth for FY '27, while the current statement indicates a guidance of only 50%.confidence 100%
Watch 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
- Update on the Scheme of Arrangement between Inox Green Energy Services Limited and Inox Renewable Solutions Limited and their respective shareholders ( Scheme )(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:
- MERGER base 74; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%