Adani Ports and Special Economic Zone Limited has informed the Exchange about change in Management
ADANIPORTS · price
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Adani Ports' Board, at its May 1, 2025 meeting, approved audited consolidated financial results for Q4 and FY25 with a clean (unmodified) audit opinion from M S K A & Associates. Consolidated revenue from operations rose to Rs. 30,475.33 crore in FY25 from Rs. 26,710.56 crore in FY24, while net profit jumped to Rs. 11,061.26 crore (vs Rs. 8,103.99 crore), a ~36% year-on-year increase, with EPS of Rs. 51.35. The Board recommended a dividend of Rs. 7 per share (350% on face value of Rs. 2) with June 13, 2025 as the record date, to be paid post the June 24, 2025 AGM. On the management front, Mr. P.S. Jayakumar was re-appointed as Independent Director for a second 3-year term, Mr. Ashwin Shah was appointed as new Secretarial Auditor for 5 years (FY26–FY30), and Mr. Amrendra Kumar Sinha replaced Mr. Abhiram Budhkar as Internal Auditor under the company's rotation policy.
Strong FY25 earnings growth and a healthy 350% dividend should be viewed positively by shareholders. The management changes are routine re-appointments and auditor rotations, with no red flags on leadership continuity. The clean audit opinion is reassuring amid ongoing references to the 2022-23 short seller report, though the auditor noted this as an emphasis of matter.