Reliance Power Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on August 08, 2025
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Reliance Power has informed the exchange that its 31st Annual General Meeting will be held on Friday, August 8, 2025, at 12:00 Noon (IST) via video conferencing, along with the Annual Report for FY 2024-25. The company reports it has become bank debt-free on a standalone basis, with total income of ₹8,25,704 lakhs, EBITDA of ₹2,10,825 lakhs, and profit after tax of ₹2,94,783 lakhs for the year. Its 5,305 MW operating portfolio is anchored by the Sasan Ultra Mega Power Project (~90% average plant load factor) and the Rosa Power plant, while a 2.5 GWp solar and 2.5 GWh battery energy storage pipeline is in development. Shareholders will vote on director re-appointments, appointment of secretarial auditors for five years, cost auditor remuneration, and a proposal to raise up to ₹6,000 crore through a Qualified Institutional Placement (QIP) or similar route. E-voting will be available for all resolutions, and the Annual Report has been uploaded to the company's website.
The proposed ₹6,000 crore QIP could dilute existing shareholders but would fund the company's renewable energy and battery storage expansion, supporting long-term growth. The strong financial turnaround, debt-free status, and pivot towards clean energy are positive signals, though near-term share price may react to the dilution overhang.