Adani Enterprises Limited has informed the Exchange regarding 'Intimation of Change in Senior Management Personnel.'
ADANIENT · price
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Awaiting price reaction for this filing.
Adani Enterprises reported consolidated revenue from operations of Rs. 97,894.75 crore for FY25 (vs Rs. 96,420.98 crore in FY24), with net profit attributable to owners rising sharply to Rs. 7,099 crore (vs Rs. 3,240.78 crore). The jump was boosted by a Rs. 3,945.73 crore exceptional gain from selling a 13.51% stake in AWL Agri Business via an Offer for Sale, reducing Adani's holding to 30.42%. The board recommended a dividend of Rs. 1.30 per share (130%) with June 13, 2025 as the record date. The board also approved raising up to Rs. 15,000 crore through equity or other securities. On senior management, Ms. Sunipa Roy (Head Copper Business) and Mr. Vikram Tandon (Group HR) ceased to be Senior Management Personnel due to reporting changes and tenure expiry respectively. The 33rd AGM is scheduled for June 24, 2025. The statutory auditor issued a qualified opinion on consolidated results due to ongoing investigations at Mumbai International Airport Ltd (MIAL) involving Rs. 845.76 crore in disputed works contracts.
Strong FY25 earnings driven by a one-time AWL stake sale gain, supported by a 130% dividend and a potential Rs. 15,000 crore equity raise that could dilute existing shareholders. The auditor's qualified opinion on MIAL-related matters remains an overhang for investors to watch.