What the board approved
At its meeting on 7 August 2026, the board of Inox Wind Limited approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, together with limited review reports from statutory auditors Dewan P.N. Chopra & Co. The board also approved the re-appointment of Ms. Madhurima Sayan Das as an Independent Director for a second one-year term with effect from 5 September 2026, subject to shareholder approval.
The company operates as a single business segment spanning wind turbine generator manufacturing, EPC services, operations & maintenance, and common infrastructure facilities for WTGs.
The quarter in context
On a consolidated basis, the profit attributable to owners of the company for the quarter came in below the corresponding quarter a year earlier, even as total income was broadly comparable. Standalone net profit was also lower year-on-year. The figures are set out in the key-numbers panel.
The filing notes that consolidated results were restated following the demerger of Inox Green Energy Services Limited's power-evacuation business into Inox Renewable Solutions Limited — a scheme sanctioned by the NCLT and effective from 4 May 2026.
Open matters the auditors flagged
The review reports carry several emphasis-of-matter items. Auditors drew attention to funds the group invested in six SPVs set up for wind farm projects under a SECI selection process: the filing states the projects' completion date had expired, extension applications were rejected, a bank guarantee was invoked, and an appeal on the 300 MW Bhuj-II connectivity was rejected, with a further appeal to APTEL in process. The company said Inox Wind would bear the costs if the funds are not recovered.
The filing also references expired EPCG licenses carrying custom-duty liabilities and unbilled O&M services, on both of which management expects no material adjustment. Those assessments involve estimates and pending regulatory outcomes.