Our Company was incorporated as 'Indowind Energy Private Limited' on July 19, 1995 vide certificate of incorporation No. 18-32311 of 1995 issued by the RoC, Tamil Nadu at Chennai. Thereafter, pursuant to the provisions of Section 43A of the Companies Act, our Company was converted into Public Limited Company on September 30, 1997. Our Company has been promoted by Mr. K.V. Bala and Subuthi Finance Limited with the main object of developing wind farms on a large scale for commercial exploitation, generating energy from Wind Mills, Wind Turbines and other Equipment and selling it to State Electric Boards and Corporate clients. Our Promoter Mr. K.V. Bala, a B.Tech, MBA having promoted Subuthi Finance identified wind energy generation as a sunrise sector and in this endeavour, promoted our Company for sale of 'Green Power' to Corporates and SEBs. Our Company commenced its commercial operation of generating power on September, 1995 by setting up 225 KW Wind Electric Generator in Tamil Nadu. Our Company has been raising its generation capacity every year and the same has since been increased to 16.825 MW. Our Company generated 5.6 lac units of power during 1995-96 with a PLF of 4.5%, which has been continuously increasing and it achieved a production of 283.75 lac units with a PLF of 23.76 % during FY 2005-06. We have purchased WEGs from reputed suppliers like NEPC-MICON, VESTAS-RRB, AMTL-Wind World and AWT to avoid dependence on single technology and single manufacturer. We offer 'Green Power' to our customers that include SEBs and Corporates. Other than the above we are also into the business of providing Operations and Maintenance services for windmills. Recently we have also ventured into turnkey projects for erection, installation and maintenance of windmills for corporates companies. We have worked continuously to strengthen our infrastructure and enhance our presence in this sector. We have been selling the power generated to Tamil Nadu Electricity Board (TNEB) and various private corporate clients in Karnataka such as Hindustan Coca Cola Beverages Private Limited, Karnataka Distilleries Limited, Managalore Distilleries Limited, H&R Johnson India Limited, Delphi Automotive Systems Private Limited and Spicer India Limited. The electricity charges recovered for the corporate clients in Karnataka are more than the revenue generated from the sale to SEBs. Since the wheeling charges under the new policy are very exorbitant, we have decided to sell the power generated from the proposed 9 MW project to KPTCL where the realisation per unit is higher as compared to sale to private corporate clients. For the year ended June 30, 2006, we achieved a turnover and profitability of Rs. 2603.41 lacs and Rs. 550.91 lacs respectively. Due to better cost management and higher PLF, our Company has been able to maintain a sustainable growth. During the period FY 2002 - 2006, our turnover and profitability has grown at a CAGR of 28.81% and 22.31% respectively. Our Company had filed its Draft Offer document on two previous occasions, with SEBI and Stock Exchanges. We had initially filed our Draft Prospectus with SEBI and NSE on September 15, 2003 for a public issue of 25,10,000 Equity Shares of Rs. 10/- each at a premium of Rs. 20/- each aggregating to Rs. 753 lacs. NSE, vide its letter dated April 16, 2004, had given an in-principle approval for listing. In view of the changes in capital structure, we withdrew the Draft Prospectus, vide our letter dated July 5, 2004. On the second occasion, we filed a Draft Red Herring Prospectus with SEBI and BSE on February 2, 2006 for a public issue of 90,00,000 Equity Shares of Rs. 10/- each at a price to be decided through Book Building process. In view of the changes in the Project and Capital Structure, we withdrew the Draft Red Herring Prospectus, vide our letter dated March 23, 2006. Major events in the history of our Company is given below: Year Event 1995 * Commenced Business as Private Limited Company * Our first Wind Mill commissioned during September 1995 in Tamil Nadu with the capacity of 225 KW. 1998 * Being the front runner to set up wind mill project in the state of Karnataka. 2004 * Setup Wind Mill assembly plant in the State of Pondicherry 2005 * Company patented the " Green Power" as trade mark during March 2005 * Obtained Host Country approval for CER (Carbon Emission Reduction) and Project registered with UNFCCC (No.0277) * 100th Windmill commissioned at Nettoor - HT SC 1513 on 25th October 2006 * Signed MOU with Titan Industries for "Green Power" * Completed the accounting year with 143 windmills in the group & Total group capacity reached 34.74 MW * First Wind Energy company in India to get Carbon credits issued by UNFCCC on 24th September 2008 - The Company has successfully commenced its Wind Generation of Power from its 9MW projects at Chitradurga of Karnataka from March. 2009 - Indowind Energy commences its II phase of 9 MW wind energy project at Chitradurga. 2010 - The Company has been granted with International Award by Actualidad - Golden Eagle for Prestige and Quality Europe 2010 in recognition of its Management Performance. 2011 - The Company has successfully completed the power sale agreement with Apollo Hospitals Enterprise Ltd., for supply of 10 million units per annum under Group Captive' scheme through its subsidiary Indowind Power Pvt. Ltd. This strategic tie-up shall give long term benefit to the companies. 2012 - The Company has successfully registered 18 MW wind farm project (Project No. 4740) in Elkurnahalli Village, Chitradurga Taluk, Karnataka with UNFCCC for the issuance of CERs (Carbon Emission Reduction) under the Clean Development Mechanism (CDM). 2014 -Indowind Energy Ltd has informed that the Company has appointed Mr. K. Ajit Kumar, Chief General Manager of Export-Import Bank of India, Mumbai as Nominee Director, with effect from February 07, 2014. 2022 -Indowind Energy Ltd. Board of Directors has decided to issue equity shares on rights basis in the ratio of 35896594 : 89741486.and the Issue Price is Rs. 12 per share. 2023 -The company issued rights shares of Rs. 10 in the ratio of 2:5 at a premium of Rs. 2 per share. 2024 -The company issued rights shares of Rs. 10 in the ratio of 1:5 at a premium of Rs. 12.5 per share.