Adani Enterprises Limited has informed the Exchange regarding Board meeting held on November 04, 2025.
ADANIENT · price
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Adani Enterprises' board approved consolidated Q2 FY26 results showing total income of ₹21,844 crore (down from ₹23,196 crore YoY) and profit after tax of ₹3,414 crore (up sharply from ₹1,995 crore YoY), boosted by exceptional items of ₹3,583 crore from selling a 10.42% stake in AWL Agri Business and the merger of subsidiary Adani Cementation with Ambuja Cements. The board also cleared a rights issue of up to ₹25,000 crore via partly paid-up equity shares (face value ₹1) to eligible shareholders, with terms to be finalised later. The statutory auditor (Shah Dhandharia & Co LLP) issued a modified review report flagging ongoing legal cases at subsidiary Mumbai International Airport (MIAL), including alleged fund diversion of ₹845.76 crore. For H1 FY26, profit after tax stood at ₹4,391 crore with EPS of ₹33.40, while total assets grew to ₹2,21,408 crore. The company also acquired 85.13% in Air Works India during the quarter, and SEBI closed two show cause notices related to the Hindenburg-era allegations with no penalty.
Profit growth is largely driven by one-time gains from stake sales and the cement subsidiary merger, so underlying operational trends warrant a closer look. The ₹25,000 crore rights issue signals aggressive capital raising for future expansion but will dilute existing shareholders once the record date and entitlement ratio are announced.