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Inox Wind Limited Interim / Quarterly Report 2021
59313_rns_2021-10-14_ab27061c-ae68-49fb-9757-d18322ee878b.pdf
Interim / Quarterly Report
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IWL: NOT: 144: 2021 14 October, 2021
| The Secretary | The Secretary |
|---|---|
| BSE Limited | National Stock Exchange of India Limited |
| Phiroze Jeejeebhoy Towers | Exchange Plaza, Bandra Kurla Complex |
| Dalal Street | Bandra (E) |
| Mumbai 400 001 | Mumbai 400 051 |
Scrip code: 539083 Serip code: INOXWIND
Ref: Regulation 33, 52 & 54 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Sub: Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and half year ended 30% September, 2021 along with Limited Review Reports
Dear Sir/Madam,
Pursuant to Regulation 33(3)(a) & 52 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the 'Listing Regulations'), the Board of Directors of the Company at their meeting held today have taken on record the Standalone and Consolidated Unaudited Financial Results of the Company for the quarter and half year ended 30' September, 2021. A copy of the said Results along with Limited Review Reports of the Independent Auditors of the Company are enclosed herewith.
The Meeting of the Board of Directors commenced at 3:40 P.M. and concluded at4y :30P.M.
You are requested to take the above on record.
Thanking You
Yours faithfully, For Inox Wind Limited
C743 We Deepak Banga Company Secretary wi
Encl: a/a
Chartered Accountants
C-109, Defence Colony, New Delhi - 110 024, India Phones : +91-11-24645895/96 E-mail - [email protected]
Independent Auditor's Review Report on Review of Standalone Financial Results TO THE BOARD OF DIRECTORS OF Inox Wind Limited
-
- We have reviewed the accompanying Statement of Unaudited Standalone Financial Results of Inox Wind Limited ("the Company") for the quarter and six months ended 30th September, 2021 ("the Statement"), This Statement is the responsibility of the Company's Management and has been approved by the Board of Directors, Our responsibility is to issue a report on the Statements based on our review.
- we do not express an audit Opinion.
-
- Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results Prepared in accordance with applicable accounting standards and other Tecognized accounting Practices and policies has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the manner in which it is to be disclosed, or that it contains any material misstatement.
-
- Emphasis of Matter
-
b. We draw attention to Note 3 to the unaudited standalone financial results tegardin wholly complete owned erosion subsidiary of net worth of Wind Four Renergy Private Limited ('WERPIZ of Inox Wind Infrastructure Services Limited in %
company has outstanding Inter Corporate Loan amounting to Rs.5,311.29 Lakh (net of recoverable) as on 30 September 2021. For the reasons stated by the management in the note, recoverability of investment is dependent on the performance of WFRPL over the foreseeable future considering the outcome of resolution of various matters with the regulators and improvement in its operational performance and financial support from
Our conclusion is not modified in respect of above matters.
For Dewan P. N. Chopra & Co. Chartered Accountants (Firm Registration No. 10047) $\mathcal{W}$ . $\ddot{a}$ New Delhi Sandeep(Dahiya Partner cd Accoun Membership No. 505371 UDIN: 21505371AAAASO1602 Place: New Delhi Date: October 14, 2021
$\mathbb{R}$
CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected]
Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una-174303 (H.P) INOX WIND LIMITED
$\frac{1}{2} \sum_{i=1}^{n}$
$\frac{1}{2}$
STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30 SEPTEMBER, 2021
| Unaudited) 30-09-2021 |
|---|
| 23,103 |
| 719 |
| 23,822 |
| 12,566 |
| 9,851 |
| (256) |
| 1,447 |
| 4,589 |
| 671 |
| (263) |
| 969 |
| 2,023 |
| 31,597 |
| (7,775) |
INOX WIND LIMITED
Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una-174303 (H.P)
$\ddot{\phantom{0}}$ $\ddot{\phantom{0}}$
| Tax Expense: | |||||||
|---|---|---|---|---|---|---|---|
| Current Tax | ţ. | ٠ | |||||
| MAT Credit Entitlement | $\mathbf{I}$ | $\bullet$ | |||||
| Deferred Tax | (2, 715) | (1,854) | (2, 733) | (4,569) | |||
| Taxation Pertaining to Earlier Years | (400) | (5,254) | (10,689) | ||||
| Total Tax Expense | (2, 715) | (1, 854) | (400) | (400) | |||
| Profit/(Loss) for the Period (3-4) | (5,060) | (3,456) | (3,133) | (4,569) | (5,654) | (11, 089) | |
| Other Comprehensive Income | (4,708) | (8,516) | (9.464) | (19,580) | |||
| A) Items that will not be reclassified to profit or loss | 18 | ගු | 12 | $\frac{3}{2}$ | |||
| Income tax on above | E | 2 | E | $\frac{8}{10}$ | |||
| B) Items that will be reclassified to profit or loss | ⊡ | စြ | $\mathbf{\mathsf{N}}$ | ලු | |||
| Income tax on above | ı | ||||||
| Total Other Comprehensive Income (Net of Tax) | $\mathbf{1}$ | ł | ٠ | f, | ŧ | ||
| Total Comprehensive Income for the | ලු | $\mathbf{a}$ | $\infty$ | $\Xi$ | $\frac{2}{1}$ | ||
| Comprehensive Income (5+6) | Period & Other Comprising Net Profit/(Loss) for the Period |
(5,049) | (3,459) | (4,698) | (8,508) | (9,466) | (19,568) |
| Amortization (EBITDA) | ż Earnings Before Interest, Tax, Depreciation |
(2,217) | (209) | (2,696) | (2, 426) | (4, 683) | |
| Paid-up Equity Share Capital (Face value of Rs 10 each) | 22,192 | 22,192 | 22,192 | 22,192 | 22,192 | (9,621) | |
| Other Equity Excluding Revaluation Reserves | 22,192 | ||||||
| Basic & Diluted Earnings Per Share (Rs) | 1,36,680 | ||||||
| (Face Value of Rs 10 each) (not Annualised) | (2.28) | (1.56) | (2.12) | (3.84) | (4.26) | (8.82) | |
INOX WIND LIMITED CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected]
174303 (H.P} Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una-
| INOX WIND LIMITED | ||
|---|---|---|
| CIN: L31901HP2009PLC031083 website: www.inoxwind.com | ||
| email:[email protected] | ||
| Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village | -Basal, Distt.Una- | |
| 174303 (H.P} | ||
| Standalone Unaudited Balance Sheet as at 30 September 2021 | ||
| (Rs. in Lakh) | ||
| Particulars | As at | As at |
| 30 September | 31 March | |
| 2021 | 2021 | |
| Unaudited | Audited | |
| Assets | ||
| (1) Non-current assets | ||
| (a) Property, Plant and Equipment | 39,013 | |
| (b) Capital work-in-progress | 981 | 40,744 |
| (c) Other intangible assets | 1,756 | 257 1,949 |
| (d) Financial Assets | ||
| (i) Investments | 99,908 | 39,472 |
| (ii) Other financial assets | 444 | 369 |
| (e) Deferred tax assets (Net) | 35,567 | 31,002 |
| (f) Other non-current assets | 9,662 | 8,689 |
| Total Non - Current Assets | ||
| 1,87,331 | 1,22,482 | |
| (2) Current assets | ||
| (a) Inventories | 45,881 | 56,185 |
| (b) Financial Assets | ||
| Investments (i) |
10,744 | 10,285 |
| (ii) Trade receivables | 1,04,354 | 1,18,327 |
| (iii) Cash and cash equivalents (iv) Bank Balances other than (iii) above |
1,123 | 896 |
| Loans (v) |
8,255 | 10,389 |
| (vi) Other financial assets | 9,461 | 51,306 |
| Income tax assets (net) (c) |
318 923 |
320 |
| Other current assets (d) |
62,214 | 726 50,092 |
| Total Current Assets | 2,43,273 | 2,98,526 |
| Total Assets (1+2) | 4,30,604 | 4,21,008 |
Standalone Unaudited Balance Sheet as at 30 September 2021
INOX WIND LIMITED CIN: L31901HP2009PLC031083 website: www.inoxwind.com
email:[email protected] Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una- 174303 (H.P)
| INOX WIND LIMITED | ||
|---|---|---|
| CIN: L31901HP2009PLC031083 website: | www.inoxwind.com | |
| email:[email protected] | ||
| Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Bas | al, Distt.Una- | |
| 174303 (H.P) | ||
| Particulars | As at | As at |
| 30 September 2021 |
31 March | |
| Unaudited | 2021 Audited |
|
| EQUITY AND LIABILITIES | ||
| (1) Equity (a) Equity Share capital |
||
| (b) Other Equity | 22,192 | 22,192 |
| 1,28,173 | 1,36,680 | |
| Total equity | 1,50,365 | 1,58,872 |
| Liabilities | ||
| (2) Non-current liabilities (a) Financial Liabilities |
||
| (i) Borrowings |
||
| (ia) Lease liabilities | 14,880 95 |
19,738 195 |
| (ii) Other financial liabilities | 183 | 183 |
| (b) Provisions | 954 | 897 |
| (c) Other non-current liabilities | 933 | 966 |
| Total Non - Current Liabilities | 17,045 | 21,979 |
| (3) Current liabilities | ||
| (a) Financial Liabilities | ||
| (i) Borrowings |
69,810 | 63,381 |
| (ia) Lease liabilities | 151 | 151 |
| (ii) Trade payables | ||
| a) total outstanding dues of micro enterprises and small enterprises |
67 | 124 |
| b) total outstanding dues of creditors | ||
| other than micro enterprises and small | 63,918 | 57,875 |
| enterprises | ||
| (iii) Other financial liabilities | 26,040 | 19,702 |
| (b) Other current liabilities (c) Provisions |
1,03,097 | 98,800 |
| 111 | 124 | |
| Total Current Liabilities | 2,63,194 | 2,40,157 |
| Total Equity and Liabilities (1+2+3) | 4,30,604 | 4,21,008 |
INOX WIND LIMITED CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected] Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una- 174303 (H.P) (Rs. tn Lakhs)
Unaudited Standalone Statement of Cash Flow For the Period Ended 30 September 2021
| INOX WIND LIMITED CIN: L31901HP2009PLC031083 website: www.inoxwin |
||||
|---|---|---|---|---|
| email:[email protected] | d.com | |||
| Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, | Village-Basal, Distt.Una- | |||
| 174303 (H.P) | ||||
| Unaudited Standalone Statement of Cash Flow For the Period Ended | 30 September 2021 | |||
| (Rs. tn Lakhs) | ||||
| Particulars | Period ended | Period ended | ||
| 30-09-2021 Unaudited |
30-09-2020 | |||
| Cash flows from operating activities | ||||
| Unaudited | ||||
| Profit/{loss) for the year after tax | ||||
| Adjustments for: | (8,516) | (9,464) | ||
| Tax expense | (4,569) | |||
| Finance costs | 8,726 | (5,654) 8,483 |
||
| Interest income | (1,697) | (2,266) | ||
| Gain on investments carried at EVTPL | (895) | (1,335) | ||
| Allowance for expected credit losses | 563 | 907 | ||
| Depreciation and amortisation expenses | 1,933 | 1,952 | ||
| Unrealised foreign exchange gain (net) | 744 | 951 | ||
| Unrealised MTM (gain)/loss on financial assets & derivatives | 62 | 40 | ||
| Loss on sale / disposal of property, plant and equipment | - | 12 | ||
| (3,649) | (6,374) | |||
| Movements in working capital: | ||||
| Increase/(Decrease) in Trade receivables (Increase)/Decrease in Inventories |
(7,406) | (2,866) | ||
| (Increase)/Decrease in Loans | 10,305 | (914) | ||
| Increase/(Decrease )in Other financial assets | - | (100) | ||
| Increase/(Decrease) in Other assets | (77) | 426 | ||
| Increase/(Decrease) in Trade payables | (12,031) | (6,005) | ||
| Increase/(Decrease) in Other financial liabilities | 5,242 2,962 |
(284) | ||
| increase/(Decrease) in Other liabilities | 4,164 | 802 6,460 |
||
| Increase/(Decrease) in Provisions | 57 | 157 | ||
| Cash generated from operations | (433) | (8,698) | ||
| Income taxes paid Net cash generated from operating activities |
(295) | 860 |
INOX WIND LIMITED CIN: L31901HP2009PLCO3 1083 website: www.inoxwind.com email:[email protected] Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una-
| 174303 (H.P) |
|---|
| INOX WIND LIMITED CIN: L31901HP2009PLCO3 1083 website: www.inoxwind .com email:[email protected] Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, V illage-Basal, Distt.Una- 174303 (H.P) Period ended Period ended Particulars 30-09-2021 30-09-2020 Unaudited Unaudited Cash flows from investing activities Purchase of property, plant and equipment (including changes in (1,779) (500) capital WIP, capital creditors/advances) Proceeds from disposal of Property, plant and equipment - 57 Interest received 4,379 3,498 Inter corporate deposits given - (18,005) Inter corporate deposits received back - 29,448 Movement in bank deposits 2,118 4,232 Net cash generated from/(used in) investing activities 4,718 18,730 Cash flows from financing activities Proceeds from borrowings-non current 46 - Repayment of borrowings- non current (4) (3,539) Proceeds from/(repayment of) current borrowing (net) 1,466 (998) Finance cost (5,274) (4,247) Net cash generated from/(used in) financing activities (3,763) (8,784) Net increase/(decrease) in cash and cash equivalents 227 2,108 Cash and cash equivalents at the beginning of the year 896 398 Cash and cash equivalents at the end of the year 1,123 2,506 |
||
|---|---|---|
The unaudited standalone Statement of Cash Flow has been prepared in accordance with "Indirect method" as set out in Ind AS-7 "Statement of Cash Flow".
Notes:
-
- The Unaudited Standalone Financial Results for the quarter/half year ended September 30, 2021 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 14, 2021 and have been subjected to Limited Review by the Statutory Auditors of the Company. The Standalone Financial Results are prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.
-
- Due to outbreak of COVID-19 globally and in India, the Company's management has made initial assessment of impact on business and financial risks on account of COVID-19. Considering that the company is in the business of Manufacturing of Wind Turbine Generator which fall under the Reneyy
dx ° zt
INOX WIND LIMITED CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected] Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una- 174303 (H.P)
management believes that the impact of this outbreak on the business and financial position The of the company will not be significant as at the date of approval of these financial results. concern management does not see any risks in the company's ability to continue as a going applying and meeting its liabilities. The company has used the principles of prudence in company judgements, estimates and assumptions and based on the current estimates, the expects to recover the carrying amount of trade receivables including unbilled receivables, advances, investments, inventories and other assets. Further, supply/Commissioning material of WTGs against certain purchase order does not require any adjustment on account of delays, if any considering disruption due to COVID-19, The eventual outcome of impact of the global health pandemic may be different from those pandemic, estimated as on the date of approval of these financial statements. Due to the nature of the the Company will continue to monitor developments to identify significant uncertainties in future periods, if any.
- Inox Wind Infrastructure Services Limited (a subsidiary of the company) incorporated wholly-owned subsidiary namely "Wind Four Renergy Private Limited" (WFRPL) for setting up wind farm projects as awarded by Solar Energy Corporation of India (SECI). Thereafter, the company had invested funds in WERPL in the form of Inter Corporate Deposit for execution of projects. Company had invested amounting to INR 5,311.29 Lakhs (net of recoverable) as at 30.09.2021. In the view of the management, the Company will be able to realise the money from WFRPL once Project will commission subject to the outcome of resolution of matter with the regulators and improvement in its future operational performance and financial support from the Company.
- The Company is engaged in the business of manufacture of Wind Turbine Generators ("WTG") and also provides related erection, procurement & commissioning (EPC) services, operations & maintenance (O&M) and common infrastructure facility services for WTGs and development of projects for wind farms, which is considered as a single business segment.
- During the subsequent period, the Board of Directors of the Company at their meeting held on October 6, 2021, approved the following resolutions:
- a. Issuance of 0.01% Non-Convertible, Non-Cumulative, Participating, Redeemable Preference Shares of the face value of Rs. 10 each to Inox Wind Energy Limited, Promoter of the Company, for consideration other than cash, at par, for an aggregate value not exceeding Rs.1,000 Crore, on private placement basis in accordance with applicable laws and subject to appropriate sanctions, permission and approvals including shareholders' approval and statutory and regulatory approvals, as may be required.
- b. Issuance of 0.01% Non-Convertible, Non-Cumulative, Participating, Redeemable Preference Shares of the face value of Rs. 10 each to Devansh Trademart LLP, an entity forming part of the Promoter Group, for cash consideration, at par, for an aggregate value not exceeding Rs. 100 Crore, on private placement basis in accordance with applicable laws and subject to appropriate sanctions, permissions and approvals including shg ehalders' approval and statutory and regulatory approvals, as may be requiféd: is
INOX WIND LIMITED CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected] Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una- 174303 (H.P}
- c. Enabling resolution for raising funds upto Rs. 200 Crore by way of private placement or preferential issue or public issue or through any other permissible mode and/or combination thereof, including by way of qualified institutions placement, in accordance with applicable laws and subject to appropriate sanctions, permissions and approvals including shareholders' approval and statutory and regulatory approvals, as may be required.
- d. Subscription of upto 20,00,00,000 (Twenty Crore) 0.01% Non-Convertible, Non- Cumulative, Participating, Redeemable Preference Shares of the face value of Rs, 10/- each of Inox Wind Infrastructure Services Limited, material subsidiary company, at par, aggregating upto Rs.200 Crore, for consideration other than cash in lieu of the ICDs (including interest accrued theron) given by the Company and payable on account of supply of materials/services etc time to time on private placement basis, in accordance with applicable laws and subject to appropriate sanctions, permissions and approvals including shareholders' approval and statutory and regulatory approvals, as may be required. e. Transfer of Erection, Procurement and Commissioning business ('EPC business') of Inox Wind Infrastructure Services Limited (IWISL). by way of 'slump sale' to Resco Global Wind Services Private Limited ('RGWSPL'), currently a wholly owned subsidiary of IWISL ("Proposed Transaction"). The Proposed Transaction is subject to appropriate sanctions, permissions and approvals including shareholders' approval of IWISL and the Company.
-
- The Company has purchased wind turbine generators & other items amounting Rs. 443 Lakhs, Rs 2,752 Lakhs, Rs 7,928 Lakhs and Rs. 3,195 Lakhs and Rs. 12,261 Lakhs and Rs.14,042 during quarter ended September30 2021, quarter ended June30 2021, Quarter ended September 30 2020, half year ended September 30, 2021, half year ended September 30, 2020 and year ended March 31, 2021 respectively and same has been sold during respective quarter/year.
Date: October 14, 2021
. Director
For and on behalf of the Board of Directors For Inox Wind Limited Place: Noida
INOX WIND LIMITED CIN: L31901HP2009PLCO31083 website: www.inoxwind.com email:[email protected] Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una- 174303 (H.P)
| INOX WIND LIMITED | ||
|---|---|---|
| CIN: L31901HP2009PLCO31083 website: www.inoxwind. com |
||
| Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Vil | email:[email protected] lage-Basal, Distt.Una- |
|
| 174303 (H.P) | ||
| Statement referred to in Regulation 52(4) of the SEBI (Listing Obligations | and Disclosure | |
| Ss. | Requirements) Regulations, 2015. | |
| No. | Particulars | Disclosures |
| a) Debt-equity ratio | 0.58 times | |
| b) Debt service coverage ratio c) Interest service coverage ratio |
(0.49) times (for the half year ended September 30, 2021) |
|
| (1.11) times (for the half year ended September 30, 2021) |
||
| d) { outstanding redeemable preference shares NA (quantity and value) |
||
| e) | Capital redemption —reserve/debenture redemption reserve |
NIL (as at September 30, 2021) |
| f) Net worth | Rs. 1,50,365 lakhs (as at September 30, 2021) | |
| 8) Net profit/(loss) after tax | Rs. (8,516) lakhs (for the half year ended September |
|
| h) Earnings per share- Basic | 30, 2021) Rs. (3.84) per share ( for the half year ended |
|
| i) Current ratio | September 30, 2021) 0.92 (for the half year ended September 30,2021) |
|
| j) long term debt to working capital | (0.75) (as at September 30, 2021) | |
| k) Bad debts to Account receivable ratio | NIL (as at September 30, 2021) | |
| 1) Current liability ratio | 61% (as at September 30, 2021) | |
| m) Total debts to total assets | 20% (as at September 30, 2021) | |
| n) Debtors turnover | 0.29 (for the half year ended September 30,2021) | |
| 0) Inventory turnover | 0.59 (for the half year ended September 30,202 1) | |
| p) Operating margin (%) | (12.3%) (for the half year ended September 30,2021) | |
| q) Net profit margin (%) | (24.10%) (for the half year ended September 30,2021) | |
INOX WIND LIMITED CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected] Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una-
| Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village- | INOX WIND LIMITED CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected] Basal, Distt.Una- 174303 (H.P) |
|---|---|
| Extent and nature of security created and maintained- Regulation 54 (2) |
First pari passu charge on all the movable fixed assets first pari passu charge on the industrial plot of the issuer situated in the industrial area Basal /Tehsil & District Una Himanchal Pradesh and first pari passu charge on non-agricultural land situated at mouje village Rohika Taluka Bavla, in District Ahmedabad, sub District Sholka & Bavla including any building and structures standing , things attached or affixed or embedded there to. NCD's are further secured by an unconditional, irrevocable and continuing Corporate guarantee from "Gujarat Fluorochemicals Limited". |
| Asset/Security cover available, in case of non convertible debt securities* |
Security cover 1.73 times (As per term required to maintain 1.25 times) |
Ratio has been computed as follows:-
-
- Debt comprises Long-Term borrowings and Short- Term borrowings
-
N Debt Service Coverage Ratio = Earning before Interest and Tax / (Interest cost+ Current maturity of Long term borrowings)
-
NMR w
- Total current liabilities) Interest Service Coverage Ratio = Earning before Interest and Tax/Interest cost Debt Equity Ratio = Debt/ Net worth: (Net worth: Equity Share Capital + Other equity) Current Ratio = Current assets/Current liabilities, long term debt to working capital = Long Term Borrowings/ (Total Current assets-
-
@N
-
Current liability ratio = Total Current liabilities /Total equity & liabilities. Total debts to total assets = Total Debt /Total Assets. 9. Debtors turnover = Revenue from operation / Average debtors. 10. Inventory turnover = Cost of goods sold / Average inventory. 11. Operating margin (%) = Earning before Interest &Tax (EBIT)/ Revenue from operation.
-
- Net profit margin (%) = Profit after Tax/ Revenue from operation.
"Assets/Security cover Company has determined assets/security value for the purpose of asset/security cover on the basis of market value based on valuation report issued by the Devender Kumar Malhotra (Reg. No. IBBI/RV/05/2018/ 10424) Phul Kumar Gaur (Reg. No.IBBI/ RV/11/2019/12698) and Aexocorp Consulting LLP ES
Chartered Accountants
C-109, Defence Colony, New Delhi - 110 024, India Phones : +91-11-24645895/96 E-mail : [email protected]
Independent Auditor's Review Report on Review of Consolidated Financial Results
TO THE BOARD OF DIRECTORS OF Inox Wind Limited
-
- We Limited have reviewed the accompanying Statement of Unaudited Consolidated Financial Results of Inox Wind ("the Parent") and its subsidiaries (the parent and its subsidiaries together referred to as "the Group"), September and its share of the net toss after tax and total comprehensive loss of its associates for the quarter ended 30th submitted 2021and for the period from O1st April 2021 to 30% September 2021 ("the Statement") being Disclosure by the Parent pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Requirements) Regulations, 2015, as amended.
-
- This Statement, which is the responsibility of the Parent's Management and approved by the Parent's Board of Indian Directors, has been prepared in accordance with the recognition and measurement principles laid down in the Companies Accounting Standard 34 "Interim Financial Reporting" ("Ind AS 34"), prescribed under Section 133 of express Act, 2013, and other accounting principles generally accepted in India. Our responsibility is to a conclusion on the Statement based on our review.
-
- 2410 We conducted "Review our review of the Statement in accordance with the Standard on Review Engagements (SRE) the Institute of Interim Financial Information Performed by the Independent Auditor of the Entity", issued by of Chartered Accountants of India. A Teview of interim financial information consists of making other inquiries, review primarily of persons responsible for financial and accounting matters, and applying analytical and Standards procedures. A review is substantially less in scope than an audit conducted in accordance with of all on Auditing and consequently does not enable us to obtain assurance that we would become aware significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion, Head Office: 57-H, Connaught Circus, New Delhi - 110.001, India Phones : +91-11-23322359/1418 Email : [email protected]
We also performed procedures in accordance with the circular issued by the SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.
-
The Statement includes the results of the following entities:
-
Subsidiaries of Inox Wind Limited: a) Inox Wind Infrastructure Services Limited b) Waft Energy Private Limited
Subsidiaries of Inox Wind Infrastructure Services Limited: a) Aliento Wind Energy Private Limited b) Flurry Wind Energy Private Limited ©) Flutter Wind Energy Private Limited d) Haroda Wind Energy Private Limited e) Marut-Shakti Energy India Limited f) RBRK Investments Limited 8) Ripudaman Urja Private Limited h) Sarayu Wind Power (Tallimadugula) Private Limited i) Satviki Energy Private Limited j) Sarayu Wind Power (Kondapuram) Private Limited k) Suswind Power Private Limited 1) Tempest Wind Energy Private Limited m) Vasuprada Renewables Private Limited n) Vibhav Energy Private Limited 0) Vigodi Wind Energy Private Limited
CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected]
Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una-174303, (H.P)
STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR
ENDED 30 SEPTEMBER 2021
| (Rs. In Lakhs) | |||||||
|---|---|---|---|---|---|---|---|
| ູ່ ຮ້າຍ. |
Particulars | Quarter ended | Half Year Ended | Year ended | |||
| 30-09-2021 (Unaudited) |
(Unaudited) 30-06-2021 |
30-09-2020 [Unaudited] |
30-09-2021 (Unaudited) |
30-09-2020 | 31-03-2021 | ||
| $\mathbf{\mathbf{H}}$ | Income | (Unaudited) | (Audited) | ||||
| a) Revenue from operations (net of taxes) | 16,584 | 16,936 | 17,109 | 33,520 | 26,776 | 71,073 | |
| b) Other income | 167 | 145 | 553 | 312 | 1,076 | 7,269 | |
| Total Income (a+b) | 16,751 | 17,081 | 17,662 | 33,832 | 27,852 | 78,342 | |
| 2 | Expenses | ||||||
| a) Cost of materials consumed | 12,566 | 8,357 | 3,924 | 20,923 | 6,020 | 28,185 | |
| b) Purchase of Stock-in-Trade | 443 | 2,752 | 7,928 | 3,195 | 12,261 | 14,042 | |
| work-in- c) Changes in inventories of finished goods and progress |
702 | $\begin{bmatrix} 46 \end{bmatrix}$ | (1,367) | 656 | (1,802) | 3,439 | |
| d) Employee benefits expense | 1,992 | 2,531 | 2,474 | 4,523 | 4,762 | 9,259 | |
| e)Finance costs | 6,865 | 6,271 | 6,101 | 13,136 | 12,408 | 25,548 | |
| f) EPC, O&M, and Common Infrastructure Facility expenses | 2,254 | 1,255 | 4,798 | 3,509 | 6,649 | 12,575 | |
| on and g) Net (gain)/loss on foreign exchange fluctuation derivatives |
(263) | 149 | 270 | (114) | 185 | (356) | |
| h) Depreciation and amortization expense | 2,209 | 2,048 | 2,135 | 4,257 | 4,228 | 8,802 | |
| i) Other expenses | 2,230 | 1,813 | 2,975 | 4,043 | 5,749 | 21,200 | |
| Total Expenses (a to i) | 28,998 | 25,130 | 29,238 | 54,128 | 50,460 | 1,22,694 | |
| Less: Expenditure capitalized | 3,660 | 3,660 | 1,086 | ||||
| Net Expenditure | 25,338 | 25,130 | 29,238 | 50,468 | 50,460 | 1,21,608 | |
| m | Share of Profit/(Loss) of Associates | (2, 643) | |||||
| ↔ | Profit/(Loss) before tax (1-2+3) | [8,587] | (8,049) | (11,576) | (16, 636) | (22, 608) | (45, 909) |
| n, | Tax Expense | ||||||
| Current Tax | Chapta A COMMAND |
$\blacksquare$ | $\blacksquare$ | ||||
| O RILLA $\delta$ $\gamma_{\prime}$ MAT Credit Entitlement |
$\pmb{\cdot}$ | Ţ | |||||
| Deferred Tax | (2,835) | New Desig | (3,576) $C_{\Phi}$ . $\star$ |
(5,630) | (7, 281) | (14, 797) | |
| 零 \$ Taxation pertaining to earlier years |
(400) | (400) | (400) | ||||
| m $\circ/$ |
REAVERS |
CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected]
Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una-174303, (H.P) INOX WIND LIMITED
$\ddot{\phantom{0}}$
| Total Tax Expense | (2,835) | (2,795) | (3,976) | (5,630) | (7681) | (15, 197) | |
|---|---|---|---|---|---|---|---|
| $\bullet$ | Profit/(Loss) for the period (4-5) | (5,752) | (5,254) | (7,600) | (11,006) | (14, 927) | (30, 712) |
| N | Other Comprehensive Income (after tax) | ||||||
| $\log$ A) ltems that will not be reclassified to profit and |
$\overline{24}$ | 22 | ↔ | $\frac{6}{1}$ | $\Xi$ | $\overline{4}$ | |
| Income tax on above | ම | ම | ලු | ලු | $\overline{ }$ | $\left(14\right)$ | |
| B) Items that will be reclassified to profit and loss | |||||||
| Income tax on above | ٠ | ٠ | I. | $\mathbf{I}$ | |||
| ਤ Total Other Comprehensive Income (Net of Ta |
$\frac{6}{1}$ | $\frac{4}{11}$ | $\mathbf{\mathbf{N}}$ | $30^{\circ}$ | (14) | 26 | |
| ∞ | Net Profit/(Loss) for the period & Other Comprehensive comprising Total Comprehensive Income for the period Income $(6+7)$ |
(5,736) | (5, 240) | (7,598) | (10, 976) | (14, 941) | 30,686) |
| Profit/(Loss) for the year attributable to: | |||||||
| Owner of the Company | (5, 726) | (5, 232) | (7,600) | (10, 958) | (14, 927) | (30, 556) | |
| -Non-controlling interests | (26) | $\widetilde{\left(22\right)}$ | $\left(43\right)$ | (156) | |||
| Other Comprehensive income for the year attributable to: | |||||||
| Owner of the Company | $\frac{6}{1}$ | $\mathbf{1}^{\mathbf{4}}$ | $\mathbf{\mathsf{N}}$ | $\overline{\mathbf{30}}$ | (14) | 26 | |
| Non-controlling interests | 0 | 0 | 0 | ε | |||
| Total comprehensive income for the year attributable to: | |||||||
| -Owner of the Company | (5,710) | (5,218) | (7,598) | (10, 928) | (14, 941) | (30, 530) | |
| -Non-controlling interests | (26) | $\widetilde{\Xi}$ | $\blacksquare$ | $\left( \frac{48}{2} \right)$ | (156) | ||
| ۰ | ಳ Depreciation Tax, Interest, Amortization (EBITDA) Before Earnings |
487 | 270 | (3,340) | 757 | (5, 972) | (11, 559) |
| $\overline{\phantom{0}}$ | each) Paid-up Equity Share Capital (Face value of Rs 10 |
22,192 | 22,192 | 22,192 | 22,192 | 22,192 | 22,192 |
| $\mathbf{11}$ | Other Equity Excluding Revaluation Reserve | Chop la | ัษ | 1,09,403 | |||
| $\mathbf{12}$ | READ shape (Face value of Rs 10 each) -Not annualised per Earnings Diluted œ Basic |
(2.59) | 喀嚓 Z Vandag |
(3.42) $C_0$ + |
(4.96) | (6.73) | (13.84) |
| CALIFACTION | Istraction Charles H |
$\bigg}$
Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area Village-Basal, Distt.Una-174303, (H.P) a
| INOX WIND LIMITED | ||
|---|---|---|
| CIN: L31901HP2009PLC031083 website: www.inoxwind.com | ||
| email:[email protected] | ||
| Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area | Village-Basal, Distt.Una-174303, (H.P) | |
| Consolidated Unaudited Balance Sheet as at 30 September 2021 | ||
| (Rs. in Lakh) | ||
| Particulars | As at | As at |
| 30 September 2021 |
31 March 2021 |
|
| (Unaudited) | (Audited) | |
| Assets | ||
| {1} Non-current assets | ||
| (a) Property, Plant and Equipment | 1,28,106 | 117,194 |
| (b) Capital work-in-progress (c) Other intangible assets |
19,001 | 23,029 |
| (d) Financial Assets | 1,758 | 1,950 |
| Investments (i) |
3,251 | 3,251 |
| (ii) Other financial assets | 49,456 | 47,254 |
| (e) Deferred tax assets (Net) | 46,461 | 40,847 |
| Income tax assets (Net) (f) |
1,552 | 1,345 |
| {g) Other non-current assets | 7,033 | 6,612 |
| Total Non - Current Assets | 2,56,618 | 2,41,482 |
| (2) Current assets | ||
| (a) Inventories {b) Financial Assets |
88,661 | 91,684 |
| Trade receivables | 1,05,615 | 104,846 |
| (i) (ii) Cash and cash equivalents |
2,095 | 12,919 |
| (iii) Bank Balances other than (iii) above | 11,493 | 11,316 |
| (iv) Loans | 910 | 879 |
| (v) Other financial assets | 2,409 | 4,352 |
| (c) Income tax assets (net) | 931 | 726 |
| (d) Other current assets | 89,339 | 78,237 |
| Total Current Assets | 301,453 | 304,959 |
| Total Assets (1+2) | 5,58,071 | 546,441 |
Consolidated Unaudited Balance Sheet as at 30 September 2021
CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected]
Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una-174303, (H.P)
| INOX WIND LIMITED | ||
|---|---|---|
| CIN: L31901HP2009PLC031083 website: www.inoxwind.com | ||
| Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, | email:[email protected] | |
| Village-Basal, Distt.Una-174303, (H.P) | ||
| Particulars | As at | As at |
| 30 September 2021 |
31 March 2021 |
|
| (Unaudited) | (Audited) | |
| EQUITY AND LIABILITIES | ||
| (1) Equity (a) Equity Share capital |
22,192 | 22,192 |
| (b) Other Equity | 97,837 | 109,403 |
| (c) Non-Controlling Interest | 568 | 16 |
| Total equity (1) | 1,20,597 | 131,611 |
| Liabilities | ||
| (2) Non-current liabilities | ||
| (a) Financial Liabilities (i) Borrowings |
44,683 | 44,837 |
| (ia) Lease liabilities | 95 | 195 |
| (ii) Other financial liabilities | 183 | 183 |
| (b) Provisions | 1,166 | 1,098 |
| (c) Other non-current liabilities | 3,414 | 4,152 |
| Total Non - Current Liabilities | 49,541 | 50,465 |
| (3) Current liabilities | ||
| (a) Financial Liabilities | ||
| Borrowings (i) |
1,25,131 | 1,11,454 |
| (ia) Lease liabilities | 151 | 151 |
| (ii) Trade payables a) total outstanding dues of micro |
121 | 190 |
| enterprises and small enterprises | ||
| b) total outstanding dues of creditors | 1,09,108 | 103,562 |
| other than micro enterprises and small | ||
| enterprises (iii) Other financial liabilities |
27,065 | 22140 |
| (b) Other current liabilities | 1,26,236 | 126,697 |
| (c) Provisions | 121 | 171 |
| Current Total Liabilities Liabilities (1+2+3) Equity and Total |
3,87,933 5,58,071 |
364,365 546,441 |
CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected] Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area,
Unaudited Consolidated Statement of Cash Flow For the Period Ended 30 September 2021
| INOX WIND LIMITED CIN: L31901HP2009PLC031083 website: www.inoxwind.com |
||||
|---|---|---|---|---|
| email:[email protected] | ||||
| Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, | ||||
| Village-Basal, Distt.Una-174303, (H.P) | ||||
| Unaudited Consolidated Statement of Cash Flow For the Period Ended 30 September 2021 | ||||
| (Rs. In Lakhs) | ||||
| Period ended | Period ended | |||
| Particulars | 30-09-2021 | 30-09-2020 | ||
| Cash flows from operating activities | Unaudited | Unaudited | ||
| Profit/(loss) for the year after tax | {11,005} | (14,927) | ||
| Adjustments for: | ||||
| Tax expense | (5,630) | (7,681) | ||
| Finance costs | 13,136 | |||
| 12,408 | ||||
| Interest income | (310) | (784) | ||
| Gain on investments carried at FVTPL | - | (81) | ||
| Bad debts, remissions and liquidated damages | - | 1,315 | ||
| Allowance for expected credit losses | 777 | 1,178 | ||
| Depreciation and amortisation expenses | 4,257 | 4,228 | ||
| Unrealised foreign exchange gain (net) | 744 | 951 | ||
| Unrealised MTM (gain)/loss on financial assets & derivatives | 62 | 40 | ||
| Loss on sate / disposat of property, plant and equipment | - | 12 | ||
| 2,031 | (3,341) | |||
| Movements in working capital: (Increase)/Decrease in Trade receivables |
(12,311) | (3,768) | ||
| (Increase)/Decrease in Inventories | 3,023 | (2,428) | ||
| (Increase)/Decrease in Loans | - | (98) | ||
| (Increase)/Decrease in Other financial assets | (776) | (1,132) | ||
| (Increase)/Decrease in Other assets | (10,726) | (6,548) | ||
| Increase/(Decrease) in Trade payables | 2,286 | 2,057 | ||
| Increase/(Decrease) in Other financial liabilities | 8080 | 351 | ||
| Increase/(Decrease) in Other liabilities | 5,721 | 8,745 | ||
| Increase/(Decrease) in Provisions | 64 | 203 | ||
| Cash generated from operations | (2,608) | (5,959) | ||
| Income taxes paid Net cash generated from operating activities |
(511) (3,119) |
1,482 (4,477) |
CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected]
Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una-174303, (H.P)
| INOX WIND LIMITED CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected] |
||
|---|---|---|
| Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una-174303, (H.P) |
||
| Particulars | Period ended 30-09-2021 Unaudited |
Period ended 30-09-2020 Unaudited |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipment (including changes in capital WIP, capital creditors/advances) Proceeds from disposal of property, plant and equipment |
(12,101) - |
{74) 57 |
| Investment/sale in subsidiaries & associates | - | 5 |
| interest received Inter corporate deposits given |
323 | 2,861 |
| Inter corporate deposits received back | - - |
37,718 (20,104) |
| Movement in bank deposits | 327 | 3,765 |
| Net cash generated from/(used in) investing activities | (11,451) | 24,228 |
| Cash flows from financing activities Proceeds from non-current borrowings |
||
| Repayment of non-current borrowings | 14,124 (6,904) |
19,101 (16,545) |
| Proceeds from/{repayment of) current borrowing (net) | 6,245 | (9,345) |
| Finance cost Net cash generated from/(used in) financing activities |
(9,719) | (9,320) |
| 3,746 | (16,109) | |
| Net increase/(decrease) in cash and cash equivalents Cash and cash equivalents at the beginning of the year Eliminated on disposal of subsidiary |
(10,824) 12,919 |
3,642 730 |
| Cash and cash equivalents at the end of the year | - 2,095 |
(13) 4,359 |
| The unaudited consolidated Statement of Cash Flow has been prepared in accordance with "Indirect method" as set out in Ind AS-7 "Statement of Cash Flow". |
||
| Notes: | ||
| 1. The Standalone Company are Financial Results of the available at the www.inoxwind.com websites and the Stock the of www.nseindia.com. Key Standalone Financial information is given below: |
Holding Exchanges, at |
Company's website www.bseindia.com and |
INOX WIND LIMITED CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected] Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una-174303, (H.P)
| INOX WIND LIMITED CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected] Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una-174303, (H.P) |
||||||
|---|---|---|---|---|---|---|
| 3 Months Ended 30-09-2021 (Unaudited) |
Preceding 3 Months Ended 30-06-2021 (Unaudited) |
Corresponding 3 Months Ended 399.2929 (Unaudited) |
6Months Ended 30-09-2021 (Unaudited) |
(Corresponding 6 Months Ended 30-09-2020 (Unaudited) |
Year Ended 31-03-2021 (Audited) |
|
| Total income from operations |
23,103 | 12,230 | 13,512 | 35,333 | 19,485 | 50,405 |
| Profit/(Loss) Before Tax | (7,775) | (5,310) | (7,841) | (13,085) | (15,118) | (30,669) |
| Net Profit/(Loss) After Tax | (5,060) | (3,456) | (4,708) | (8,516) | (9,464) | (19,580) |
| Total Comprehensive Income |
5,049 (5,049) |
(3,459) " |
(4,698) | 8,508 (8,508) |
(9,466) 9,466 | (19,568) 19,568 |
-
- The Unaudited Consolidated Financial Results for the quarter/half year ended September 30, 2020 have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on October 14, 2021. The Consolidated Financial Results are prepared in accordance with the Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.
-
- Due to outbreak of COVID-19 globally and in India, the Group's management has made initial assessment of impact on business and financial risks on account of COVID-19. Considering that the Group is in the business of Manufacturing of Wind Turbine Generator which fall under the Renewable Energy sector being the priority sector, the management believes that the impact of this outbreak on the business and financial position of the Group will not be significant as at the date of approval of these financial results. The Group management does not see any risks in the group's ability to continue as a going concern and meeting its liabilities. The Group has used the principles of prudence in applying judgements, estimates and assumptions and based on the current estimates, the group expects to recover the carrying amount of trade receivables including unbilled receivables, investments, inventories and other assets. Further, Supply/Commissioning of WTGs against certain purchase order does not require any material adjustment on account of delays, if any considering disruption due to COVID-19. The eventual outcome of impact of the global health pandemic may be
INOX WIND LIMITED CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected] Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area,
Village-Basal, Distt.Una-174303, (H.P)
different from those estimated as on the date of approval of these financial statements. Due to the nature of the pandemic, the Group will continue to monitor developments to identify significant uncertainties in future periods, if any.
- The Group is engaged in the business of manufacture of Wind Turbine Generators ("WTG") and also provides related erection, procurement & commissioning (EPC) services, operations & maintenance (O&M) and common infrastructure facility services for WTGs and development of projects for wind farms, which is considered as a single business segment
- During the subsequent period, the Board of Directors of the Holding Company at their meeting held on October 6, 2021, approved the following resolutions:
- a. Issuance of 0.01% Non-Convertible, Non-Cumulative, Participating, Redeemable Preference Shares of the face value of Rs. 10 each to Inox Wind Energy Limited, Promoter of the Holding Company, for consideration other than cash, at par, for an aggregate value not exceeding Rs.1,000 Crore, on private placement basis in accordance with applicable laws and subject to appropriate sanctions, permission and approvals including shareholders' approval and statutory and regulatory approvals, as may be required.
- Issuance of 0.01% Non-Convertible, Non-Cumulative, Participating, Redeemable Preference Shares of the face value of Rs. 10 each to Devansh Trademart LLP, an entity forming part of the Promoter Group, for cash consideration, at par, for an aggregate value not exceeding Rs. 100 Crore, on private placement basis in accordance with applicable laws and subject to appropriate sanctions, permissions and approvals including shareholders' approval and statutory and regulatory approvals, as may be required.
- Enabling resolution for raising funds upto Rs. 200 Crore by way of private placement or preferential issue or public issue or through any other permissible mode and/or combination thereof, including by way of qualified institutions placement, in accordance with applicable laws and subject to appropriate sanctions, permissions and approvals including shareholders' approval and statutory and regulatory approvals, as may be required.
- Subscription of upto 20,00,00,000 (Twenty Crore) 0.01% Non-Convertible, Non-Cumulative, Participating, Redeemable Preference Shares of the face value of Rs. 10/- each of Inox Wind Infrastructure Services Limited, material subsidiary company, at par, aggregating upto Rs.200 Crore, for consideration other than cash in lieu of the ICDs (including interest accrued theron) given by the Holding Company and payable on account of supply of materials/services etc time to time on private placement basis, in accordance with applicable laws and subject to appropriate sanctions, permissions and approvals including shareholders' approval and statutory and regulatory approvals, as may be required.
CIN: L31901HP2009PLC031083 website: www.inoxwind.com email:[email protected]
Registered Office: Plot No.1, Khasra No. 264 to 267, Industrial Area, Village-Basal, Distt.Una-174303, (H.P)
- e. Transfer of Erection, Procurement and Commissioning business (EPC business') of Inox Wind Infrastructure Services Limited (IWISL). by way of 'slump sale' to Resco Global Wind Services Private Limited ('RGWSPL'), currently a wholly owned subsidiary ("Proposed Transaction'). The Proposed Transaction is subject to appropriate sanctions, permissions and approvals including shareholders' approval of IWiSL and the holding company.
-
- The Group has purchased wind turbine generators & other items amounting Rs. 443 Lakhs, Rs 2,752 Lakhs, Rs 7,928 Lakhs and Rs. 3,195 Lakhs and Rs. 12,261 Lakhs and Rs.14,042 during quarter ended September30 2021, quarter ended June30 2021, Quarter ended September 30 2020, half year ended September 30, 2021, half year ended September 30, 2020 and year ended March 31, 2021 respectively and same has been sold during respective quarter/year.
Place: Noida For and on behalf of the Board of Directors Date: October 14, 2021 For Inox Wind Limited
