Adani Power to hold EGM for ₹15,000 crore QIP approval
after close1 source ↓written by the desknot a recommendation
- to seek shareholder
- 14 Aug 2026
- through a Qualified
- ₹15,000 crore
- year-on-year increase
- 47.2%
- in Q1 FY27
- ₹4,866.60 crore
- rise in total
- 33%
Adani Power has scheduled an Extraordinary General Meeting (EGM) for 14 Aug 2026 to seek shareholder approval for raising up to ₹15,000 crore through a Qualified Institutions Placement (QIP). This initiative follows a 47.2% year-on-year increase in net profit to ₹4,866.60 crore in Q1 FY27, supported by a 33% rise in total revenue to ₹19,322.30 crore.
The meeting will be conducted via Video Conference, allowing shareholders to participate remotely. This capital raising aims to enhance its borrowing limit to ₹1,00,000 crore.
Not investment advice. For informational purposes only.