Adani Power Limited has submitted to the Exchange Annual Secretarial Compliance Report under Regulation 24A
ADANIPOWER · price
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Adani Power Limited has filed its Annual Secretarial Compliance Report for the financial year ended March 31, 2026, certified by Practicing Company Secretaries M/s. Chirag Shah & Associates. The report identifies one compliance deviation: from November 11, 2025 to December 3, 2025, the Company's Board fell below one-half of its total strength in violation of Regulation 17(1)(b). BSE and NSE each imposed a fine of Rs. 115,000/-. The company remedied this by appointing Mr. Narendra Nath Misra as Independent Director w.e.f. December 4, 2025. Notably, a similar board composition issue occurred in the previous fiscal year (FY 2024-25), which was also fined Rs. 155,000/- each by exchanges. All other compliance areas including Secretarial Standards, Insider Trading, Related Party Transactions, and website disclosures were found satisfactory.
Recurring board composition violations suggest governance attention is needed. While fines are relatively small, repeated non-compliance could attract regulatory scrutiny. The appointment of an additional Independent Director addresses the immediate compliance gap.