INOX WIND RAISED RS 50 CR FROM SALE OF SUBSIDIARY SHARES

• The company has executed binding agreements for the partial divestment of equity shares of its material subsidiary, Inox Renewable Solutions Limited ("IRSL"). • The aggregate transaction value is approximately Rs 50 Crore. • Post completion, the company's shareholding in IRSL will reduce from 88.84% to 87.98%. • The shares have been divested to certain third parties, none of whom are part of the promoter/promoter group. • The transaction is considered a related party transaction and has been undertaken at arm's length. • Expected date of completion of sale/disposal is within the next 10 days. • The details as required under Regulation 30 of the Listing Regulations are enclosed as Annexure A.

Inox Wind Ltd

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