Gautam Adani-led Adani Power on Tuesday announced that its board of directors will meet on August 1, Friday to consider a proposal for the sub-division or split of its equity shares. According to the announcement made by the company in a regulatory filing, the proposal involves splitting the existing fully paid-up equity shares with a face value of Rs 10 each into smaller denominations, details of which will be decided by the Board.
“…we would like to inform you that the meeting of the Board of Directors of the Company to be held on Friday, 1st August 2025 will inter alia also consider the proposal for alteration in the share capital of the Company by way of sub-division/split of the existing equity shares of the face value Rs 10 each, fully paid-up, in such a manner as may be determined by the Board, subject to approval of the shareholders of the Company and any regulatory/statutory approvals, as may be required under applicable law,” Adani Power said in the filing.
On July 24, the company had intimated about the upcoming board meeting, and this stock split proposal will be taken up as part of that agenda.
Adani Power shares movement
Post this announcement, shares of Adani Power went up by 3.37 per cent at 3:00 pm today at a trading price of Rs 589.85.
Adani Power Q4FY25 performance
Earlier in April, Adani Power had released its fourth quarter earnings report for FY25 with profit at Rs 2,636.97 crore. This was 3.66 per cent lower from Rs 2,737.24 crore recorded during the corresponding quarter of FY24. According to the company, the profit decline was on account of higher depreciation due to new acquisitions, apart from slower demand growth and lower merchant tariffs.
Revenue for the quarter stood at Rs 14,237.40 crore, up 6.54 per cent on-year. This, it added, was primarily due to higher volume, offset by lower tariff realisation.