Adani Power seeks shareholder nod for increased related party deal, director appointment

Adani Power Limited announced a postal ballot notice dated November 21, 2025, to obtain shareholder approval for two key proposals. The first concerns a material modification to a related party transaction with Powerpulse Trading Solutions Limited (PTSL), a subsidiary of Adani Energy Solutions Limited. The company seeks approval for an additional amount of INR 4,500 crore for fiscal year 2025-26, bringing the total approved limit for transactions with PTSL to INR 12,720 crore. This increase is attributed to an estimated rise in power supply volume and rate in the merchant market through PTSL, with the transaction occurring on an arm's length basis and in the ordinary course of business.

The second proposal is the appointment of Narendra Nath Misra as an independent director for a period of three years, effective December 4, 2025. This appointment requires a special resolution from shareholders. Both resolutions will be decided through remote e-voting, which commences on Saturday, November 29, 2025, at 9:00 A.M. (IST) and concludes on Sunday, December 28, 2025, at 5:00 P.M. (IST). The results will be announced within two working days of the e-voting period's conclusion.