Adani Power to Consider Stock Split on August 1, 2025
Adani Power Limited has announced that its Board of Directors will consider a proposal for the sub-division or split of the company's existing equity shares during their meeting on August 1, 2025. The stock split will be subject to the approval of the shareholders and any necessary regulatory or statutory approvals.
The company informed the exchanges about the meeting where this proposal will be discussed. The existing equity shares have a face value of ₹10 each, fully paid-up, and the manner of the split will be determined by the Board.
Corporate Action Details
Adani Power's board is scheduled to meet on August 1, 2025, to consider the stock split. This decision is contingent upon shareholder approval and any required regulatory clearances. The company has not yet announced the ratio of the stock split.
Potential Benefits of Stock Split
Stock splits typically make shares more affordable for retail investors, potentially increasing liquidity and broadening the shareholder base.
Regulatory Compliance
The decision-making process will adhere to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Company StatementDeepak S Pandya, Company Secretary of Adani Power Limited, confirmed the intimation under the Listing Regulations.