Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Adani Power Limited
Meeting Details
The 30th Annual General Meeting will be held on Thursday, June 25, 2026 at 2:30 p.m. (IST) through Video Conferencing / Other Audio Visual Means in accordance with circulars issued by the Ministry of Corporate Affairs and SEBI. The venue is deemed to be the Registered Office at Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S.G. Highway, Khodiyar, Ahmedabad – 382 421, Gujarat.
Proposed Resolutions and Implications
Ordinary Business:
1. To receive, consider and adopt the audited standalone financial statements for FY ended March 31, 2026 with reports of Board of Directors and Statutory Auditors
2. To receive, consider and adopt the audited consolidated financial statements for FY ended March 31, 2026 with report of Statutory Auditors
3. To confirm payment of dividend @ 0.01% for FY 2025-26, aggregating to ₹4,15,862.07 on 41,586,207 Compulsorily Redeemable Preference Shares of ₹100 each fully paid up (already paid on January 29, 2026)
4. To reappoint Mr. Gautam S. Adani (DIN: 00006273) as Director who retires by rotation
Special Business:
5. To reappoint Mr. Anil Sardana (DIN: 00006867) as Managing Director for one year from July 11, 2026 to July 10, 2027
6. To ratify remuneration of Cost Auditors M/s. Kiran J. Mehta & Co. at ₹15,40,000/- plus applicable taxes for FY 2026-27
7. To approve material related party transactions with Powerpulse Trading Solutions Limited (PTSL) aggregating ₹15,750 crore (including proposed amalgamation of VIPL and KPL with APL)
8. To approve material related party transactions by Mahan Energen Limited (subsidiary) with Powerpulse Trading Solutions Limited aggregating ₹4,450 crore
9. To approve material related party transactions with Mahan Energen Limited aggregating ₹6,940 crore (including proposed amalgamation of KPL with APL)
Voting Process and Methods
The company will provide remote e-voting facility through Central Depository Services (India) Limited (CDSL). The cut-off date for determining voting eligibility is Thursday, June 18, 2026.
Remote e-voting period: Sunday, June 21, 2026 at 9:00 a.m. to Wednesday, June 24, 2026 at 5:00 p.m.
Members can vote through:
- CDSL/NSDL e-Voting system for demat shareholders
- CDSL e-Voting website (www.evotingindia.com) for physical shareholders
- m-Voting mobile app
- e-voting during the AGM for those attending virtually
Key Voting Outcomes and Participation
CS Chirag Shah, Practising Company Secretary (Membership No. FCS: 5545; CP No: 3498) has been appointed as Scrutinizer. The Scrutinizer will submit a consolidated report within 48 hours of conclusion of the AGM. Results will be placed on the company's website (www.adanipower.com) and CDSL website (www.cdslindia.com) within two days of passing the resolutions.
Compliance with Laws and Regulations
The notice confirms compliance with:
- Companies Act, 2013
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
- Ministry of Corporate Affairs Circular No. 03/2025 dated September 22, 2025
- SEBI Circular No. SEBI/HO/CFD/CMD/CIR/P/2020/242 dated December 9, 2020
- Companies (Management and Administration) Rules, 2014
- Secretarial Standard on General Meetings (SS-2)
The meeting is being conducted through VC/OAVM as permitted by MCA circulars and SEBI Listing Amendment Regulations effective from December 30, 2024.
Additional Financial and Legal Information
The explanatory statement provides detailed justification for each special business item:
Item 5 (MD Reappointment): Mr. Anil Sardana has 43+ years experience in energy and telecom sectors. He previously served as CEO & MD of Tata Power for seven years and MD & CEO of Tata Teleservices. His reappointment is recommended by the Nomination and Remuneration Committee.
Item 6 (Cost Auditor Remuneration): M/s. Kiran J. Mehta & Co. (Firm Reg. No. 000025) appointed at ₹15,40,000/- plus taxes for FY 2026-27 cost audit.
Items 7-9 (Related Party Transactions):
- Transactions with PTSL involve sale and purchase of power at market discovered prices with trading margin within CERC prescribed range
- Transactions with MEL involve purchase/sale of coal, banking facility utilization, and loans
- All transactions claimed to be at arm's length and in ordinary course of business
- Materiality threshold for the company is ₹3,356 crore based on consolidated turnover
- FY 2025-26 transactions with PTSL: APL - ₹8,139.60 crore, MEL - ₹2,672.68 crore
- MEL's credit rating: IND AA- Stable by India Ratings and Research
Shareholder Information
Helpline number for AGM participation: 1800 21 09911
Email for investor queries: investor.apl@adani.com
RTA: M/s. KFin Technologies Limited
Scrutinizer: CS Chirag Shah (info@chiragshahassociates.com)
The Integrated Annual Report containing the notice is available on the company's website at www.adanipower.com and on stock exchange websites.