Adani Power Limited has announced the approval of a sub-division/split of its equity shares, following a postal ballot, in accordance with Regulation 44(3) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The approval was sought through a postal ballot, with details furnished in the Postal Ballot Notice dated August 1, 2025. Shareholders passed the resolution with the requisite majority via electronic means.
The company had provided e-voting facility to its members through Central Depository Services (India) Limited. The e-voting period commenced on August 6, 2025, at 9:00 A.M. (IST) and concluded on September 4, 2025, at 5:00 P.M. (IST).
The approval of shareholders was sought by postal ballot as per details furnished in the Postal Ballot Notice dated August 1, 2025, sent to all shareholders of the Company, on the following proposals for passing the Resolution with requisite majority by way of postal ballot only by voting through electronic means.
Mr. Chirag Shah, a Practicing Company Secretary, was appointed as the scrutinizer for conducting the postal ballot process. His report on the postal ballot has been submitted.
Details regarding the postal ballot are as follows:
| Particular | Details |
|---|---|
| Date of Postal Ballot Notice | August 01, 2025 |
| Cut off Date | August 01, 2025 |
| Total number of shareholders on cut off date | 1820291 |
| Number of shareholder present in the meeting either in person or through proxy: Promoters and Promoter Group | Not Applicable |
| Number of shareholder present in the meeting either in person or through proxy: Public | Not Applicable |
| Number of shareholders attended meeting through video conferencing | Not Applicable |
The report from the Scrutinizer, Mr. Chirag Shah, indicated that the requisite majority of the total votes polled/cast by remote e-voting were in favor of the resolution to approve the sub-division/split of equity shares. The resolution is considered duly passed with the requisite majority, as mentioned in the postal ballot notice dated August 1, 2025.
The company has also received approval for alteration of the capital clause of the Memorandum of Association.
| Category | Mode of Voting | No. of shares held | No. of votes polled | % of Votes Polled on outstanding shares | No. of Votes in favour | No. of Votes against | % of Votes in favour on votes polled | % of Votes against on votes polled | Votes Invalid | Votes Abstained |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and Promoter Group | E-Voting | 2,891,125,367 | 2,891,125,367 | 100.0000 | 2,891,125,367 | 0 | 100.0000 | 0.0000 | 0 | 0 |
| Poll | 0 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | 0 | 0 | |
| Postal Ballot (if applicable) | 0 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | 0 | 0 | |
| Public- Institutions | E-Voting | 729,479,774 | 702,952,524 | 96.3635 | 702,952,524 | 0 | 100.0000 | 0.0000 | 0 | 1,170,089 |
| Poll | 0 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | 0 | 0 | |
| Postal Ballot (if applicable) | 0 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | 0 | 0 | |
| Public- Non Institutions | E-Voting | 236,333,800 | 1,298,421 | 0.5494 | 1,272,565 | 25,856 | 98.0086 | 1.9913 | 0 | 15 |
| Poll | 0 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | 0 | 0 | |
| Postal Ballot (if applicable) | 0 | 0 | 0.0000 | 0 | 0 | 0.0000 | 0.0000 | 0 | 0 | |
| Total | 3,856,938,941 | 3,595,376,312 | 93.2184 | 3,595,350,456 | 25,856 | 99.9993 | 0.0007 | 0 | 1170104 |
The Register, along with all relevant papers and records relating to electronic voting, will remain in safe custody until the Chairperson approves and signs the Minutes of the resolutions. These documents will then be handed over to the Company Secretary for safekeeping.
The resolution is considered duly passed with the requisite majority, as mentioned in the postal ballot notice dated August 1, 2025.
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