Adani Power Board Approves FY26 Results, Re-appoints MD, Sets AGM Date
Adani Power Limited's board meeting outcomes include approval of audited FY26 financial results with clean audit opinion from S R B C & Co. LLP, re-appointment of Anil Sardana as Managing Director for another year starting July 11, 2026, and scheduling of 30th AGM on June 25, 2026 through video conferencing. The company also appointed BDO India Services as new Internal Auditor replacing Harish Sharma due to organizational restructuring.
*this image is generated using AI for illustrative purposes only.
Adani Power Limited announced the outcome of its board meeting held on April 29, 2026, which approved comprehensive audited financial results for FY26 and key corporate governance decisions. The meeting, which commenced at 12:30 p.m. and concluded at 15:20 p.m., addressed several critical business matters.
Board Meeting Key Decisions
The board of directors approved and took on record the audited financial results (standalone and consolidated) for the quarter and year ended March 31, 2026, as reviewed and recommended by the audit committee. The statutory auditors, S R B C & Co. LLP, issued audit reports with unmodified opinions on both standalone and consolidated financial results.
| Decision: | Details |
|---|---|
| Financial Results: | Audited results approved for Q4 and FY26 |
| Audit Opinion: | Unmodified opinion from statutory auditors |
| Results Compliance: | Prepared under Regulation 33 of SEBI Listing Regulations |
| Website Upload: | Results uploaded on www.adanipower.com |
Management Re-appointment
Anil Sardana (DIN: 00006867) has been re-appointed as Managing Director for a period of one year effective from July 11, 2026, on recommendation of the Nomination & Remuneration Committee, subject to shareholder approval. The company affirmed that Sardana is not debarred from holding the office of Director by virtue of any SEBI order or order of any other authority.
Annual General Meeting Announcement
The board approved the proposal to convene the 30th Annual General Meeting on Thursday, June 25, 2026, through video conferencing/other audio visual means in accordance with applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.
| AGM Parameter: | Details |
|---|---|
| Meeting Date: | June 25, 2026 |
| Meeting Format: | Video Conferencing/Audio Visual Means |
| Meeting Number: | 30th Annual General Meeting |
| Notice: | To be intimated separately |
Internal Auditor Appointment
BDO India Services Private Limited, Chartered Accountants, have been appointed as the Internal Auditor of the Company, replacing Harish Sharma, who ceases to be the Internal Auditor due to organizational restructuring. The appointment aligns with the company's governance enhancement initiatives.
Regulatory Compliance
The company submitted statements indicating utilization of issue proceeds of Non-Convertible Securities and material deviations under Regulation 52(7) and 52(7A) of the SEBI Listing Regulations. Additionally, a press release dated April 29, 2026, on the audited financial results was enclosed as part of the regulatory submissions.
Source: None/Company/INE814H01011/b8b6daca-decc-414c-a9ca-196f81d444e3.pdf
What strategic initiatives might Anil Sardana pursue during his renewed one-year term as Managing Director?
How will the transition from individual to institutional internal auditor (BDO India Services) impact Adani Power's governance and operational oversight?
What are the expected capital allocation priorities for Adani Power following the utilization of Non-Convertible Securities proceeds?
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