Inox Green Energy Services Board to Meet June 26; Consider fundraising options

Inox Green Energy Services Ltd, a major wind power operations and maintenance services provider, will schedule a board meeting on June 26 to consider a proposal to raise funds, the company said in a regulatory filing.

“We wish to inform you that a meeting of the Board of Directors of Inox Green Energy Services Limited is scheduled to be held on Wednesday, June 26, to consider a proposal to raise funds by issuing one or more securities including equity shares, convertible securities of any description or warrants. , through preferential issue, private placement, rights issue or any other methods or combination thereof permitted under applicable law,” the company said.

ET had reported on June 17 that the company will raise Rs. 1000 crore is being planned to be raised.

Last month, Inox Green Energy Services reported a revenue of Rs. 21.32 crore as against a net profit of Rs.21.32 crore in the previous quarter ended March 2023. 0.57 crore was a net loss. Sales at the end of the March quarter fell 7.69% to Rs. 52.43 crores. In the previous quarter ended March 2023, Rs. 2024 as against 56.80 crore.