Adani Power Limited (APL) has disclosed the incorporation of a new step-down wholly-owned subsidiary through its existing wholly-owned subsidiary, Adani Atomic Energy Limited (AAEL).
The new entity, Progressive-UP Atomic Energy Limited (PUAEL), was incorporated on June 25, 2026, in India. PUAEL operates in the nuclear energy industry with the business purpose of generating, transmitting, and distributing power derived from nuclear and/or atomic energy.
Ownership Structure
PUAEL is a wholly-owned subsidiary of Adani Atomic Energy Limited (AAEL), which in turn is a wholly-owned subsidiary of Adani Power Limited. This results in 100% ultimate ownership by Adani Power Limited through its subsidiary chain.
Capital Structure
PUAEL has been incorporated with an authorized capital of ₹5,00,000 (Five Lakh Rupees), divided into 50,000 equity shares of ₹10 each. The consideration for the incorporation was cash-based.
Regulatory Aspects
No governmental or regulatory approvals were required for this specific incorporation. The disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, read with SEBI Master Circular No. HO/49/14/14(7)2025- CFD-POD2/I/3762/2026 dated January 30, 2026.
The document was signed by Puneet Bansal, Company Secretary of Adani Power Limited, on June 25, 2026.
Financial Impact
The immediate financial impact appears limited to the initial capital contribution of ₹5 lakh authorized capital. The disclosure does not quantify any additional financial implications or operational impacts.