Details of Voting Results of the 26th Annual General Meeting of the Company.
Awaiting price reaction for this filing.
Adani Ports and Special Economic Zone Limited held its 26th AGM on June 24, 2025 via video conferencing, where all 14 resolutions were passed with the required majority. Key approvals include the adoption of audited financial statements for FY25 (99.98% in favour), declaration of final dividend on equity shares and dividend on preference shares for FY25 (both ~100% in favour), and re-appointment of Mr. Rajesh S. Adani as Director (retiring by rotation) with 98.76% support. Shareholders also approved the re-appointment of Mr. P.S. Jayakumar as Independent Director for a second 3-year term (95.46% in favour), appointment of CS Ashwin Shah as Secretarial Auditor for 5 years, and payment of commission to non-executive directors up to 1% of net profits. Six material related party transactions involving entities such as Mediterranean International Ports, Colombo West International Terminal, Sunrise Worldwide/Astro Offshore, Ambuja Cements, and ACC Limited were also approved, with promoters abstaining on these items.
All resolutions sailed through, reflecting strong shareholder confidence; the FY25 dividend declaration is positive for income-seeking investors, while the multiple related-party transaction approvals (notably the Colombo West and Mediterranean ports deals) point to continued international expansion, though these saw notable dissent from non-promoter institutional investors (up to ~19% against).