Adani Ports and Special Economic Zone Ltd announced the voting results for its 27th Annual General Meeting (AGM) held on June 24, 2026, via video conferencing. All eight resolutions on the agenda were passed with the requisite majority, including the adoption of financial statements for the year ended March 31, 2026, and the declaration of dividends. The voting results were submitted to BSE and NSE pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The meeting commenced at 12:00 noon and concluded at 1:15 p.m. Shareholders participated through remote e-voting, which was open from June 20, 2026, to June 23, 2026, and via e-voting during the AGM. Chirag Shah, Practicing Company Secretary, served as the Scrutinizer for the voting process.

Voting Results Summary

Shareholders approved the adoption of the audited standalone and consolidated financial statements for the financial year ended March 31, 2026. Resolutions regarding the declaration of dividend on preference shares and equity shares for the financial year 2025-26 were also passed. Furthermore, the re-appointment of Mr. Gautam S. Adani and Mr. Ashwani Gupta as Directors, who retire by rotation, was approved.

The company also approved the appointment of Dr. Ajay Kumar, IAS, VC and CEO, Gujarat Maritime Board, as a Director (Non-Executive Non-Independent). Additionally, shareholders granted authority for the appointment of branch auditors.

Resolution Voting Details

The detailed scrutinizer's report indicates that for the resolution regarding the re-appointment of Mr. Gautam S. Adani, 98.12% of votes were cast in favour, while 1.88% were against. For the appointment of Dr. Ajay Kumar, 99.31% of votes were in favour and 0.69% against. The filing was signed by Kamlesh Bhagia, Company Secretary.

Adani Ports & SEZ has received a notable assessment from global rating agency S&P, which stated that the company's strong financial position is well-equipped to support increased growth-related expenses. The report highlights the company's capacity to sustain a significant ramp-up in capital deployment as it pursues its expansion agenda.

S&P Assessment on Financial Strength

According to S&P, Adani Ports & SEZ's robust financial profile provides a solid foundation to absorb higher growth expenditures without compromising its financial stability. The rating agency's findings reflect confidence in the company's ability to manage elevated spending levels in the coming fiscal years.

Capital Expenditure Outlook

A key highlight of the S&P report is the projected capital expenditure trajectory for the company. The following table summarizes the capital expenditure expectations as outlined in the report:

S&P expects capital expenditure to reach INR 180 billion each year by FY27 and FY28, reflecting the scale of investment the company is anticipated to undertake. This level of spending is indicative of Adani Ports & SEZ's continued focus on expanding its infrastructure and operational capacity.

Implications of the Report

The S&P report positions Adani Ports & SEZ as financially capable of sustaining a high-investment growth phase. The agency's assessment suggests that the company's existing financial metrics and cash flow generation are sufficient to accommodate the projected increase in capital expenditure. Such an evaluation from a globally recognized credit rating agency carries significant weight in terms of market credibility and investor confidence.