Inox Wind Energy Limited (the "Company") incorporated on 06 March 2020 under the Companies Act, 2013 as a wholly owned subsidiary of GFL Ltd with the objective of engaging In business of generation and sale of wind energy, providing services for Erection, Procurement and Commissioning (EPC) of wind farms and holding strategic business interest in Renewables Energy. The registered office of the Company is situated at ABS Tower, 3rd Floor, Old Padra Road, Vadodara, Gujarat-390007

As per the Composite Scheme of Arrangement (the "Scheme") between Inox Renewables Limited (a wholly owned subsidiary of GFL Limited), GFL Limited and Inox Wind Energy Limited (the "Company" or the resulting Company") and their respective shareholders under Section 230 to 232 of the Companies Act, 2013 and all other applicable provisions of the Companies Act, 2013, the Renewable Energy Business was demerged into the Company. The Hon'ble National Company Law Tribunal, Ahmedabad Bench ("NCLT") vide its Order dated 25 January 2021 has approved a Composite Scheme of Arrangement (the "Scheme") between GFL Limited. Inox Renewables Limited and Inox Wind Energy Limited as detalled below:

a) Part A - Amalgamation of its wholly-owned subsidiary Inox Renewables Limited into GFL Limited w.ef. 01 April 2020 and

b) Part B - Demerger of the Renewable Energy Business of GFL Limited into its wholly-owned subsidiary, inox Wind Energy Limited, we.f. 01 July 2020.

The aforesaid Scheme is filed with the Registrar of Company (ROC) on 09 February 2021 making the Scheme operative.