Adani Enterprises Limited has informed the Exchange regarding Change in Auditors of the company.
ADANIENT · price
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Adani Enterprises' board, at its May 1, 2025 meeting, approved audited consolidated and standalone results for Q4 and FY ended March 31, 2025. Full-year consolidated revenue stood at ₹97,894.75 crore, with profit after tax of ₹8,004.99 crore (boosted by a ₹3,945.73 crore exceptional gain from the partial sale of its AWL Agri Business stake via an Offer for Sale). The statutory auditor, Shah Dhandharia & Co. LLP, gave an unmodified opinion on standalone results but a qualified opinion on consolidated results due to ongoing MCA/CBI investigations at subsidiary Mumbai International Airport (MIAL) involving alleged misuse of funds of ₹845.76 crore. The board recommended a dividend of ₹1.30 per share (130% on face value of Re. 1) with a record date of June 13, 2025. It also approved raising up to ₹15,000 crore through equity shares or other securities via QIP, private placement, or preferential issue, subject to shareholder approval at the June 24, 2025 AGM.
The qualified auditor opinion on consolidated results—stemming from MIAL-related legal issues—is a modest governance concern, though it is a carry-forward matter from prior years. The proposed ₹15,000 crore fund raise could dilute existing shareholders depending on the final mode and pricing. The ₹1.30 dividend and strong FY25 earnings (including the AWL divestment gain) are positives for shareholders.