NCLT approves merger of two Adani power subsidiaries
NCLT Ahmedabad approved the merger of Pointleap Projects and Superheights Infraspace into Adani Electricity Mumbai, effective 1 Apr 2025. The order follows board approvals, waived creditor meetings and regulatory review of accounting and stamp-duty treatment.
after close1 source ↓machine-written, see hownot a recommendation
- ADANIGREEN close
- ₹1,256
- On the day
- +1.63%
- Futures OI, short covering
- -0.6%
- Put-call ratio
- 0.79
- Max pain
- ₹1,300
The NCLT Ahmedabad Bench sanctioned the merger of Pointleap Projects Private Limited and Superheights Infraspace Private Limited, wholly owned subsidiaries of Adani Electricity Mumbai Limited, with the power distribution company. The amalgamation took effect from 1 Apr 2025, according to LiveLawBiz’s report dated 10 Oct 2026. The order was passed by Judicial Member Chitra Hankare and Technical Member Dr V. G. Venkatachalapathy. ⚖️
The companies had obtained board approval through resolutions dated 25 Oct 2025. The tribunal had earlier, on 8 May 2026, dispensed with meetings of shareholders and creditors after receiving consent affidavits. Notices were subsequently served on the Regional Director, Registrar of Companies, Income Tax Department and Official Liquidator. The Regional Director raised concerns over accounting treatment and stamp duty on enhanced share capital before the sanction was granted.
The approval consolidates two wholly owned entities into Adani Electricity Mumbai, potentially simplifying the group’s corporate structure in the electricity distribution business ⚡. It is separate from the earlier NCLT-approved amalgamation of Vidarbha Industries Power Limited with Adani Power Limited, which was reported on 6 Oct 2026 and had an appointed date of 1 Apr 2025.
For market context, OI Charts data showed Adani Power at ₹189 on 9 Oct 2026, up 0.5% on the day, while its futures open interest rose 0.7%, indicating a long build-up. The stock remained down 3.7% over five sessions and 12.1% over 20 sessions. Its 27 Oct expiry showed max pain at ₹200, with the largest call and put open interest both at the ₹200 strike.
The next focus is the implementation of the sanctioned scheme, including the accounting and stamp-duty treatment referred to in the tribunal proceedings. Traders will also track whether the broader restructuring of Adani-linked power entities produces further filings or changes in listed-company disclosures.
Source: LiveLawBiz, 10 Oct 2026
Not investment advice. For informational purposes only.