Adani Enterprises Limited has informed the Exchange regarding 'Change in Internal Auditor of The Company.'
ADANIENT · price
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Awaiting price reaction for this filing.
Adani Enterprises reported consolidated total income of Rs. 1,00,365 crore for FY25, up from Rs. 98,282 crore in FY24, with profit after tax more than doubling to Rs. 8,005 crore (vs Rs. 3,335 crore), boosted by a Rs. 3,946 crore exceptional gain from selling a 13.51% stake in AWL Agri Business via OFS. EPS for FY25 came in at Rs. 60.55 versus Rs. 27.24 the previous year. The Board recommended a dividend of Rs. 1.30 per share (130%) and approved a fund-raising plan of up to Rs. 15,000 crore through equity or other securities. Mr. Shobhit Dwivedi was appointed as the new Internal Auditor, replacing Mr. Tejas Shah due to a rotation policy, and Dr. Omkar Goswami was re-appointed as Independent Director for a second 3-year term. Two senior management personnel — Sunipa Roy (Head Copper Business) and Vikram Tandon (Group HR) — also stepped down from SMP roles. The statutory auditor issued a modified opinion on consolidated results due to ongoing investigations at Mumbai International Airport Limited (MIAL) involving Rs. 845.76 crore of alleged fund misuse.
Strong earnings growth, driven largely by a one-time gain from the AWL stake sale, should support the stock, though the Rs. 15,000 crore fund-raising plan could lead to equity dilution concerns. Investors should note the modified audit opinion related to MIAL investigations, which remains an unresolved governance overhang.