Adani Power Limited will hold its 30th Annual General Meeting (AGM) on Thursday, June 25, 2026, at 2.30 p.m. IST via video conferencing. The meeting will cover the adoption of audited financial statements for the financial year ended March 31, 2026, and seek shareholder approval for the re-appointment of Mr. Anil Sardana as Managing Director for a period of one year from July 11, 2026, to July 10, 2027. The company has fixed Thursday, June 18, 2026, as the cut-off date to determine shareholder eligibility for voting and attending the meeting.

The agenda includes the confirmation of dividend payment at 0.01% for FY 2025-26 on Compulsorily Redeemable Preference Shares, aggregating to ₹ 4,15,862.07. Shareholders will also consider the appointment of a Director in place of Mr. Gautam S. Adani, who retires by rotation and is eligible for re-appointment. The Board recommends the re-appointment of Mr. Gautam S. Adani based on performance evaluation and the recommendation of the Nomination and Remuneration Committee.

Special Resolutions

Shareholders will vote on the ratification of the remuneration of Cost Auditors, M/s. Kiran J. Mehta & Co., for the financial year ending March 31, 2027. The proposed remuneration is ₹ 15,40,000 plus applicable taxes and reimbursement of out-of-pocket expenses. Approval is also sought for material related party transactions with Powerpulse Trading Solutions Limited and Mahan Energen Limited. The transactions involve the sale and purchase of power and coal, and the utilization of banking facilities, with proposed values exceeding materiality thresholds.

Remote e-voting facilities will be available from Sunday, June 21, 2026, at 9.00 a.m. until Wednesday, June 24, 2026, at 5.00 p.m. Members holding shares in physical or dematerialised form as on the cut-off date are eligible to participate. The facility for appointing a proxy is not available for this AGM, though Body Corporates may appoint authorised representatives.

Adani Power Limited has consummated the acquisition of power assets and investments from Jaiprakash Associates Limited (JAL). The transactions were completed on May 21, 2026, pursuant to definitive agreements signed earlier and the Approved Resolution Plan submitted by Adani Enterprises Limited. The National Company Law Tribunal (NCLT), Allahabad bench, had previously granted the necessary regulatory clearance for this plan on March 17, 2026, which was upheld by the National Company Law Appellate Tribunal on May 04, 2026.

Acquisition Details

The completion involves two primary transactions executed under the Share Purchase Agreement (SPA) and Business Transfer Agreement (BTA). Adani Power has acquired a 24% shareholding in Jaiprakash Power Ventures Limited (JPVL), a listed entity. Additionally, the company has purchased the 180 MW thermal power plant of JAL located in Churk, along with other related assets, which includes an 11.49% shareholding in Prayagraj Power Generation Company Limited. The Competition Commission of India had approved the acquisition on August 26, 2025.

Financial Considerations

The total cost of these acquisitions amounts to ₹4,193.59 crore, payable in cash. The consideration is divided between the two assets being acquired, as detailed below:

Target Entity Profile

Jaiprakash Power Ventures Limited (JPVL) is primarily engaged in thermal and hydro power generation, with additional operations in coal mining, sand mining, and cement grinding. The entity currently owns and operates three power plants with an aggregate capacity of 2,220 MW, a 2 MTPA cement grinding unit, and a 3.92 MTPA coal mine. JPVL was incorporated on December 21, 1994, and operates solely in India. The table below presents JPVL's recent turnover performance: