Indowind Energy logo

Indowind Energy MD, chairman, board of directors and AGM

NSE: INDOWINDBSE: 532894PowerSmall Cap

Last close ₹8.28down ₹0.25 (2.93%)BSE ₹8.33

Share price at the NSE close on 23 Oct 2026. Previous close ₹8.53.

52-week range of traded prices to 23 Oct 2026
₹7.00Low, 30 Mar 2026₹18.94High, 1 Dec 2025
Market cap
₹133 Cr2,515th largest listed
P/E
Earlier quarters restated in the year
P/B
0.4
Dividend yield
Nonein the last 12 months
ROCE
1.2%
Debt to equity
0.03
Volume, NSE
1,50,34867.5% delivered

Indowind Energy board of directors

At the end of the quarter to Jun 2026, as the company filed it; changes since are in its announcements.Their trades in its shares

  • ChairpersonN.K. HARIBABU
  • Company Secretary and Compliance OfficerB . SHARATH

6 directors4 independent2 executive

  • K.S RAVINDRANATHExecutive · joined Nov 2004 · 1 listed board · 2 committee seats
  • N.K. HARIBABU · ChairpersonExecutive · joined Jun 2021 · 1 listed board · 1 committee seat
  • B R BASKARANIndependent · joined Sep 2025 · reappointed Sep 2025 · 9 months as independent · 1 listed board · 1 as independent · 1 committee seat, 1 as chair
  • K R SHYAMSUNDARIndependent · joined Nov 2015 · reappointed Sep 2021 · 117 months as independent · 1 listed board · 1 as independent · 2 committee seats, 1 as chair
  • R. SRIDHARIndependent · joined Jun 2022 · reappointed Sep 2025 · 9 months as independent · 1 listed board · 1 as independent
  • SANGEETHA HARILAL LAKHIIndependent · joined Aug 2022 · reappointed Sep 2022 · 46 months as independent · 1 listed board · 1 as independent

An independent director has no business or family tie to the company, its promoters or its managers beyond the seat. Listed boards counts the boards of listed companies the director sits on, this one included, and "as independent" how many of those seats are independent ones. Committee seats are audit and stakeholder committee seats across those companies. Months as independent is filed for independent directors only, whose terms the rules cap. Disqualified is the company's own mark that a director may not serve under company law.

1 director who left
  • NIRANJAN RAOSAHEB JAGTAP, left 26 Sep 2025: Tenure Completion

Committees and meetings

Who sits on each, and how often they met.Board meeting notices and outcomes

  • Board

    • 26 May 20266 of 6 present4 independent · 116 days in between
    • 29 Jan 20266 of 6 present4 independent

  • Audit Committee

    Chair B R BASKARAN

    K R SHYAMSUNDAR, K.S RAVINDRANATH

    • 26 May 20263 of 3 present2 independent · 116 days in between
    • 29 Jan 20263 of 3 present2 independent

  • Nomination and remuneration committee

    Chair K R SHYAMSUNDAR

    B R BASKARAN, R. SRIDHAR

    No meeting listed in the filing.

  • Stakeholders Relationship Committee

    Chair K R SHYAMSUNDAR

    K.S RAVINDRANATH, N.K. HARIBABU

    • 29 Jan 20263 of 3 present1 independent

  • Rights Issue Committee

    Chair N.K. HARIBABU

    R. SRIDHAR, SANGEETHA HARILAL LAKHI

    No meeting listed in the filing.

Meetings in the quarter filed and the one before it. The days in between are as the company files them, neither meeting's day counted; the rules allow at most 120. A quorum is the least number of members who must attend for the meeting to decide anything.

Statutory auditor

Named in the results for the quarter to Mar 2026.

  • VENKATESH AND COPeer-review certificate valid to Nov 2026

A statutory auditor checks the company's accounts and signs its results. Peer review is the accountants' institute's check of an audit firm's own work, which a listed company's auditor must hold a valid certificate of.

Indowind Energy AGM and shareholder votes

Each resolution, how the votes went, and how institutions voted apart from the promoters. A postal ballot is a vote by post or online, held without a meeting.Indowind Energy share news and announcements

Annual general meeting, 25 Sep 2026

1,09,018 shareholders on the register on 18 Sep 2026; present: 9 promoters and 37 others; votes counted by R Kannan / KRA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statement Of the Company for the financial year ended March 31, 2026 and the reports Of the Board Of Directors and Auditors thereon
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 42.56% · promoters 81.84% · institutions 100.00% · other public 5.15%

  2. TO appoint Dr. K.S Ravindranath (DIN: 00848817), Who retires by rotation, as a Director
    Ordinary
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.20%

    Turnout: all 42.56% · promoters 81.84% · institutions 100.00% · other public 5.15%

  3. To revise the remuneration Of Statutory Auditors Of the Company
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.04%

    Turnout: all 42.56% · promoters 81.84% · institutions 100.00% · other public 5.15%

  4. To consider and approve the Re-appointment Of Mr. N.K. Haribabu (DIN: 06422543) as Whole Time Director Of the Company
    Special
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.18%

    Turnout: all 42.56% · promoters 81.84% · institutions 100.00% · other public 5.15%

  5. To consider and approve the Re-appointment of Ms. Sangeetha Harilal Lakhi (DIN: 00074571) as Independent Director for a Second Term
    Special
    99.80% for0.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.16%

    Turnout: all 42.56% · promoters 81.84% · institutions 100.00% · other public 5.15%

  6. TO consider and approve extension Of timeline for utilization Of rights issue proceeds
    Special
    99.86% for0.14% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.21%

    Turnout: all 42.56% · promoters 81.84% · institutions 100.00% · other public 5.15%

  7. TO approve Material Related Party Transactions of the Company
    OrdinaryPromoters have an interest in it
    97.67% for2.33% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.35%

    Turnout: all 2.65% · promoters 0.00% · institutions 100.00% · other public 5.14%

  8. To approve Material Related Party Transactions of Subsidiary Of the Company
    OrdinaryPromoters have an interest in it
    97.76% for2.24% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.26%

    Turnout: all 2.65% · promoters 0.00% · institutions 100.00% · other public 5.14%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 5 Mar 2026, 6 resolutions

1,10,345 shareholders on the register on 30 Jan 2026; votes counted by AISHWARYA N / KRA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. Increase in Authorized Share Capital of the Company and consequential amendment in Memorandum of Association of the Company.
    Ordinary
    99.83% for0.17% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.38%

    Turnout: all 43.76% · promoters 87.01% · institutions 0.00% · other public 4.14%

  2. Approval for alteration in mode of spending object of Rights Issue
    Special
    99.81% for0.19% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.90%

    Turnout: all 43.76% · promoters 87.01% · institutions 0.00% · other public 4.14%

  3. Increase in Borrowing Powers of the Company under Section 180(1)(c) of the Companies Act, 2013
    Special
    99.84% for0.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.28%

    Turnout: all 43.76% · promoters 87.01% · institutions 0.00% · other public 4.14%

  4. Entering into Material Related Party Transactions with Bala Kutti, Promoter.
    OrdinaryPromoters have an interest in it
    95.70% for4.30% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.30%

    Turnout: all 2.15% · promoters 0.00% · institutions 0.00% · other public 4.12%

  5. Entering into Material Related Party Transactions with Nova Power Private Limited, Proposed Subsidiary
    OrdinaryPromoters have an interest in it
    96.73% for3.27% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.27%

    Turnout: all 2.15% · promoters 0.00% · institutions 0.00% · other public 4.12%

  6. Entering into Material Related Party Transactions with Indus Capital Private Limited, Promoter Group.
    OrdinaryPromoters have an interest in it
    95.65% for4.35% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.35%

    Turnout: all 2.15% · promoters 0.00% · institutions 0.00% · other public 4.12%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 26 Sep 2025, 10 resolutions

1,12,790 shareholders on the register on 19 Sep 2025; present: 8 promoters and 44 others; votes counted by R Kannan / KRA & ASSOCIATES, PRACTICING COMPANY SECRETARIES.The company's voting result (opens in a new tab)

  1. Adoption of the Audited Financial Statements of the Company for the financial year ended 31st March 2025 and the Reports of the Board of Directors and the Auditors thereon.
    Ordinary
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.71%

    Turnout: all 47.60% · promoters 100.00% · institutions 0.03% · other public 0.82%

  2. Appointment of a director in the place of Mr. N.K. Haribabu (DIN:06422543) who retires by rotation and being eligible, offers himself for re-appointment.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.00%

    Turnout: all 47.60% · promoters 100.00% · institutions 0.03% · other public 0.82%

  3. Approval of the appointment of Secretarial Auditor.
    Ordinary
    99.98% for0.02% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.98%

    Turnout: all 47.60% · promoters 100.00% · institutions 0.03% · other public 0.82%

  4. Approval of the Appointment of Mr. Baskaran B R (DIN:11240447) as an Independent Director of the Company.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.91%

    Turnout: all 47.60% · promoters 100.00% · institutions 0.03% · other public 0.82%

  5. Approval of the Appointment of Mr. Sridhar (DIN: 09648012) as an Independent Director of the Company.
    Special
    99.91% for0.09% against

    Against: promoters 0.00% · institutions 0.00% · other public 10.35%

    Turnout: all 47.60% · promoters 100.00% · institutions 0.03% · other public 0.82%

  6. Approval of Material Related Party Transactions - INDUS FINANCE LIMITED.
    OrdinaryPromoters have an interest in it
    91.19% for8.81% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.81%

    Turnout: all 0.43% · promoters 0.00% · institutions 0.03% · other public 0.81%

  7. Approval of Material Related Party Transactions - LOYAL CREDIT AND INVESTMENTS LIMITED.
    OrdinaryPromoters have an interest in it
    91.37% for8.63% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.63%

    Turnout: all 0.43% · promoters 0.00% · institutions 0.03% · other public 0.81%

  8. Approval of Material Related Party Transactions - INDOWIND POWER PRIVATE LIMITED.
    OrdinaryPromoters have an interest in it
    91.28% for8.72% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.72%

    Turnout: all 0.43% · promoters 0.00% · institutions 0.03% · other public 0.81%

  9. Approval of Material Related Party Transactions - EVERON POWER LTD.
    OrdinaryPromoters have an interest in it
    91.28% for8.72% against

    Against: promoters 0.00% · institutions 0.00% · other public 8.72%

    Turnout: all 0.43% · promoters 0.00% · institutions 0.03% · other public 0.81%

  10. Approval of Material Related Party Transactions between Indowind Power Private Limited (Subsidiary) & Everon Power Ltd (Promoter Group).
    OrdinaryPromoters have an interest in it
    97.84% for2.16% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.16%

    Turnout: all 0.43% · promoters 0.00% · institutions 0.03% · other public 0.81%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 7 Feb 2025, 1 resolution

1,10,812 shareholders on the register on 3 Jan 2025; votes counted by AISHWARYA / KRA & ASSOCIATES.The company's voting result (opens in a new tab)

  1. TO APROVE RAISING OF FUNDS BY WAY OF ISSUANCE OF ANY ELIGIBLE SECURITIES, FOREIGN CURRENCY CONVERTIBLE BONDS AND/OR OTHER GLOBAL LISTED SECURITIES WITH OPTIONS OF CONVERSION INTO EQUITY SHARES OF COMPANY. THROUGH PERMISSIBLE MODES, INCLUDING BUT NOT LIMITED TO PRIVATE PLACEMENT, PREFERENTIAL ISSUE OR ANY OTHER METHOD OR COMBINATION THEREOFMoreLess
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.87%

    Turnout: all 47.02% · promoters 98.68% · institutions 0.00% · other public 0.91%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 18 Jan 2025, 2 resolutions

1,09,764 shareholders on the register on 13 Dec 2024; votes counted by AISHWARYA / KRA AND ASSOCIATES.The company's voting result (opens in a new tab)

  1. To approve the modification of objects of the rights issue
    Special
    99.99% for0.01% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.06%

    Turnout: all 47.07% · promoters 98.68% · institutions 0.00% · other public 1.01%

  2. TO CONSIDER AND IF THOUGHT FIT, TO PASS WITH OR WITHOUT MODIFICATION, THE FOLLOWING RESOLUTION AS ORDINARY RESOLUTION IN CONNECTION WITH TRANSACTIONS WITH RELATED PARTY
    OrdinaryPromoters have an interest in it
    98.15% for1.85% against

    Against: promoters 0.00% · institutions 0.00% · other public 1.85%

    Turnout: all 0.53% · promoters 0.00% · institutions 0.00% · other public 1.00%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Annual general meeting, 27 Sep 2024, 11 resolutions

Present: 9 promoters and 34 others.The company's voting result (opens in a new tab)

  1. To consider and adopt the Audited Financial Statements of the Company for the financial year ended 31stMarch 2024 and the Reports of the Board of Directors and the Auditors thereon.
    Ordinary
    100.00% for0.00% against

    Against: promoters 0.00% · institutions 0.00% · other public 0.19%

    Turnout: all 42.75% · promoters 88.98% · institutions 0.00% · other public 0.89%

  2. To appoint a director in the place of Dr. K.S.Ravindranath (DIN 00848817) who retires by rotation and being eligible offers himself for re-appointment.
    Ordinary
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.79%

    Turnout: all 42.75% · promoters 88.98% · institutions 0.00% · other public 0.89%

  3. To consider and approve the re-appointment of Dr. K.S.Ravindranath (DIN 00848817) as Whole-Time Director of the Company.
    Special
    99.96% for0.04% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.95%

    Turnout: all 41.28% · promoters 85.90% · institutions 0.00% · other public 0.89%

  4. To consider and, if thought fit, to pass with or without modification(s), the following as a Special Resolution in connection with conversion of loans into equity shares of the company.
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 3.08%

    Turnout: all 41.28% · promoters 85.90% · institutions 0.00% · other public 0.89%

  5. TO CONSIDER AND IF THOUGHT FIT, TO PASS WITH OR WITHOUT MODIFICATION, THE FOLLOWING RESOLUTION AS ORDINARY RESOLUTION IN CONNECTION WITH BORROWING FROM RELATED PARTY -- INDUS FINANCE LIMITED
    OrdinaryPromoters have an interest in it
    97.70% for2.30% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.30%

    Turnout: all 0.46% · promoters 0.00% · institutions 0.00% · other public 0.87%

  6. TO CONSIDER AND IF THOUGHT FIT, TO PASS WITH OR WITHOUT MODIFICATION(S), THE FOLLOWING RESOLUTION AS AN ORDINARY RESOLUTION IN CONNECTION WITH BORROWING FROM RELATED PARTY -LOYAL CREDIT AND INVESTMENTS LIMITEDMoreLess
    OrdinaryPromoters have an interest in it
    97.70% for2.30% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.30%

    Turnout: all 0.46% · promoters 0.00% · institutions 0.00% · other public 0.87%

  7. TO CONSIDER AND IF THOUGHT FIT, TO PASS WITH OR WITHOUT MODIFICATION(S), THE FOLLOWING RESOLUTION AS AN ORDINARY RESOLUTION IN CONNECTION WITH SALE,PURCHASE OF GOODS / MATERIALS, SERVICES & LEASING OF PROPERTIES, INVESTMENT AND BORROWING WITH RELATED PARTY.-INDUS NUTRI POWER PRIVATEMoreLess
    OrdinaryPromoters have an interest in it
    97.80% for2.20% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.20%

    Turnout: all 0.46% · promoters 0.00% · institutions 0.00% · other public 0.87%

  8. TO CONSIDER AND IF THOUGHT FIT, TO PASS WITH OR WITHOUT MODIFICATION, THE FOLLOWING RESOLUTION AS ORDINARY IN CONNECTION WITH SALE, PURCHASE OF GOODS / MATERIALS, SERVICES & LEASING OF PROPERTIES WITH RELATED PARTY - Indowind Power Private LimitedMoreLess
    OrdinaryPromoters have an interest in it
    97.94% for2.06% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.06%

    Turnout: all 0.46% · promoters 0.00% · institutions 0.00% · other public 0.87%

  9. TO CONSIDER AND IF THOUGHT FIT, TO PASS WITH OR WITHOUT MODIFICATION, THE FOLLOWING RESOLUTION AS ORDINARY IN CONNECTION WITH THE SALE, PURCHASE OF GOODS / MATERIALS, SERVICES & LEASING OF PROPERTIES WITH RELATED PARTY.-INDONET GLOBAL LIMITEDMoreLess
    OrdinaryPromoters have an interest in it
    97.93% for2.07% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.07%

    Turnout: all 0.46% · promoters 0.00% · institutions 0.00% · other public 0.87%

  10. TO CONSIDER AND IF THOUGHT FIT, TO PASS WITH OR WITHOUT MODIFICATION, THE FOLLOWING RESOLUTION AS ORDINARY IN CONNECTION WITH THE SALE, PURCHASE OF GOODS / MATERIALS, SERVICES & LEASING OF PROPERTIES WITH RELATED PARTY.-EVERON POWER LTDMoreLess
    OrdinaryPromoters have an interest in it
    99.50% for0.50% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.11%

    Turnout: all 1.92% · promoters 3.08% · institutions 0.00% · other public 0.87%

  11. TO CONSIDER AND IF THOUGHT FIT, TO PASS WITH OR WITHOUT MODIFICATION, THE FOLLOWING RESOLUTION AS ORDINARY IN CONNECTION WITH THE SALE, PURCHASE OF GOODS / MATERIALS, SERVICES & LEASING OF PROPERTIES WITH RELATED PARTY.-BEKAE PROPERTIES PRIVATE LIMITEDMoreLess
    OrdinaryPromoters have an interest in it
    99.50% for0.50% against

    Against: promoters 0.00% · institutions 0.00% · other public 2.11%

    Turnout: all 1.92% · promoters 3.08% · institutions 0.00% · other public 0.87%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 9 Feb 2024, 1 resolution

The company's voting result (opens in a new tab)

  1. ISSUANCE OF CONVERTIBLE WARRANTS ON A PREFERENTIAL BASIS
    Special
    99.97% for0.03% against

    Against: promoters 0.00% · institutions 0.00% · other public 4.66%

    Turnout: all 43.17% · promoters 84.52% · institutions 0.00% · other public 0.54%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Postal ballot, 30 Nov 2023, 1 resolution

The company's voting result (opens in a new tab)

  1. ISSUANCE OF CONVERTIBLE WARRANTS ON A PREFERENTIAL BASIS
    Special
    99.92% for0.08% against

    Against: promoters 0.00% · institutions 0.00% · other public 22.54%

    Turnout: all 44.81% · promoters 87.98% · institutions 0.00% · other public 0.32%

For and against are per cent of the votes cast. Turnout is the votes cast as a per cent of the shares each group holds. Institutions are funds, insurers, banks and foreign investors. An ordinary resolution passes with more than half the votes cast, a special one with at least three quarters.

Investor complaints and compliance

Quarter by quarter.

Investor complaints received and resolved, the company's own count

  • Received
  • Resolved

Open at the quarter's end

None open at any quarter's end.
The board is made up as the listing rules require
Yes
The board has a regular chairperson
No
The company has a risk management committee
No
The chair is related to the managing director
No
The filing has a part on fines and penalties
No
The filing has a part on tax disputes
No
There was a cyber security incident in the quarter
No

The company's own answers in its filing.

How money raised was used

Reported for the quarter to Jun 2026. A warrant or partly paid issue plans the whole issue while the money comes in over time, so the amount set aside can be more than raised so far.

RaisedAmount raisedForSet asideSpentSpent elsewhereSpent elsewhere, amount
Rights IssuesDec 202449.43To set up 4 MW solar power plant in Karnataka State through proposed Subsidiary "NOVA POWER PRIVATE LIMITED" & to enable consumers to hold min 26% stake in the SPV as per Group captive norms of Energy regulatory policies for selling power to consumers21.5015.14Yes15.14
Rights IssuesDec 202449.43Repayment of loan availed from Corporate Promoters: (i) Loyal Credit & Investments Limited (ii) Indus Finance Limited11.0011.00Yes
Rights IssuesDec 202449.43General Corporate Purposes12.1812.18Yes
Rights IssuesDec 202449.43Issue Expense4.754.75Yes
₹ crore. Checked by is the agency appointed to monitor how the money is used. The reason and the comments are the company's, its audit committee's and its auditors' own words.