Adani Power Limited has informed the Exchange about Scheme of Amalgamation of Adani Power (Jharkhand) Limited with Adani Power Limited, becoming effective

Nclt Scheme FiledStrategic Transactions View source PDF Explain this filing

ADANIPOWER · price

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Price reactionminutes from the announcement price · days from the prior close

-4.6%Reaction day

₹115.15

prior close

₹111.55

announcement price

In-mkt

timing

Nifty 100market · index membership as recorded later (tracked since Jun 2026)-1.1%-3.5% vs market

Power peers, median of 35sector · industry level-3.7%-1.0% vs sector

On the reaction day the stock moved 3.5 pts less than Nifty 100 and 1.0 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-0.8

15m

-0.9

30m

-1.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-4.6-1.1-3.5-3.7-1.0

Next day

-3.8+0.1-3.9-3.9+0.1

-4.5+0.0-4.5-4.2-0.3

-8.0-0.1-8.0-5.7-2.4

-9.1-0.0-9.0-6.8-2.2

-2.8+0.6-3.4-5.4+2.6

-7.3+0.1-7.4-8.2+0.9

15d

-2.5+2.8-5.3+1.0-3.5

-2.9+3.0-5.9-0.6-2.3

-2.9+3.9-6.8+2.1-5.0

-0.8+2.3-3.2+1.3-2.1

UpDownMarket · Nifty 100Sector · Power peers, median of 35Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Adani Power Limited (APL) has confirmed that its wholly owned subsidiary, Adani Power (Jharkhand) Limited (APJL), has officially merged into APL effective April 25, 2025. The NCLT Ahmedabad bench had sanctioned the scheme on April 4, 2025, and all conditions for effectiveness have now been fulfilled. As a result, APJL stands dissolved without being wound up and its operations are now part of APL. The appointed date for the merger is April 1, 2024, meaning the financials of APJL are treated as part of APL from that date onward.

Likely market impact

This is an internal restructuring with no impact on APL shareholders since APJL was a wholly owned subsidiary — no share swap, no dilution, and no open offer triggered. The merger simplifies the group structure and consolidates Jharkhand-based power operations directly under APL, which is operationally neutral but may marginally improve reporting clarity.