Adani Power Limited has submitted to the Exchange copy of the Notice of the 30th Annual General Meeting of the Company
ADANIPOWER · price
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Adani Power Limited has called its 30th AGM on June 25, 2026 at 2:30 PM IST via video conferencing. The meeting will seek shareholder approval for adopting standalone and consolidated financial statements for FY 2025-26, confirming a 0.01% dividend on 41.59 million Compulsorily Redeemable Preference Shares (aggregating to ₹4,15,862.07), and re-appointing Mr. Gautam S. Adani as a director retiring by rotation. Special business includes re-appointing Mr. Anil Sardana as Managing Director for one year (July 2026 to July 2027), ratifying Cost Auditor fees of ₹15.40 lakh for FY 2026-27, and approving material related party transactions with Powerpulse Trading Solutions Limited and Mahan Energen Limited (subsidiary). Remote e-voting runs from June 21-24, 2026.
Shareholders should review the related party transactions with group entities (PTSL and subsidiary) which exceed SEBI thresholds, and the continuity of leadership under Mr. Anil Sardana for another year. The tiny 0.01% dividend on preference shares indicates minimal cash outflow to preference shareholders.