Adani Power announced on June 25, 2026, that its wholly-owned subsidiary, Adani Atomic Energy Limited, has incorporated a new step-down subsidiary named Progressive-UP Atomic Energy Limited. The new entity has been established to operate within the nuclear energy sector, specifically to generate, transmit, and distribute power derived from nuclear and atomic sources. This expansion marks the group's entry into the nuclear power business through a dedicated subsidiary structure.

Progressive-UP Atomic Energy Limited was incorporated in India on June 25, 2026. The company is wholly owned by Adani Atomic Energy Limited, which itself is a wholly-owned subsidiary of Adani Power. The incorporation was conducted via a cash consideration, with no governmental or regulatory approvals required for the initial setup.

The financial structure of the newly formed entity includes an authorized capital of ₹5,00,000, divided into 50,000 equity shares with a face value of ₹10 each. Adani Atomic Energy Limited holds 100% of the shareholding in Progressive-UP Atomic Energy Limited, maintaining full control over the new venture.

Details of Progressive-UP Atomic Energy Limited

The key particulars of the newly incorporated entity are outlined below:

The filing was submitted to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The disclosure was made by Puneet Bansal, Company Secretary of Adani Power Limited.

Adani Power Limited successfully concluded its 30th Annual General Meeting (AGM) on June 25, 2026, utilizing a video conferencing facility to facilitate shareholder participation. The meeting, which commenced at 2:30 p.m. and concluded at 4:35 p.m., was conducted in accordance with Regulation 30 of the SEBI LODR Regulations. The company provided remote e-voting facilities to shareholders ahead of the meeting, enabling them to cast votes from June 21 to June 24.

Proceedings and Participation

The proceedings of the AGM have been made available on the company's official website. A total of 114 shareholders attended the meeting through the video conferencing mode, comprising 8 from the Promoters and Promoter Group and 106 from the Public category. The total number of shareholders on the record date, which was June 18, 2026, stood at 21,67,958.

Voting and Compliance

Shareholders who had not cast their votes during the remote e-voting period were afforded the opportunity to do so through the e-voting facility available at the AGM via video conferencing. The company confirmed that the detailed voting results, as required under Regulation 44(3) of the SEBI LODR Regulations, will be submitted separately to the exchanges.