Adani Power Requests Shareholder Approval for Significant Stock Split of 1:5 Ratio

Adani Power plans to seek shareholder approval for a stock split in a 1:5 ratio. This will be done through a postal ballot notice issued on August 1, 2025. The proposal involves dividing each Rs 10 equity share into five fully paid-up shares of Rs 2 each. These new shares will have equal rights and privileges.

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Shareholder Voting Details

Shareholders can vote electronically from August 6, starting at 9 am IST, until September 4, ending at 5 pm. Those holding shares in either physical or dematerialised form as of August 1, 2025, can participate. The company aims to increase retail and small investor participation through this stock split.

Adani Power was established in 1996 and went public in 2009. Over the years, it has seen substantial growth in business and performance, leading to an increase in its market value. The board approved the stock split on August 1, 2025, to encourage more retail investor involvement.

Impact on Share Capital

The stock split will not alter the authorised, issued, subscribed, or paid-up share capital of Adani Power. However, it will necessitate changes to Clause V of the company's Memorandum of Association. The record date for this subdivision will be set by the board or a designated committee after member approval.

Following the stock split, the number of equity shares is expected to rise significantly. The total will increase from 2,480 crore shares to 12,400 crore shares. This move is part of Adani Power's strategy to make its shares more accessible to a broader range of investors.

The company believes that this step will facilitate greater participation from retail investors and small potential investors in its future growth. By making shares more affordable, Adani Power aims to attract a wider investor base while maintaining its current capital structure.

With inputs from PTI