
AGM/EGM22 Jul 2026, 09:51 pm
Adani Power EGM on Aug 14 to raise borrowing limit to ₹100,000 Cr
AI Summary
Adani Power Limited has scheduled an Extra-Ordinary General Meeting (EGM) on Friday, August 14, 2026, at 11:00 a.m. via Video Conferencing. The primary agenda for the EGM is to seek shareholder approval, through a Special Resolution, to increase the company's borrowing limits under Section 180(1)(c) of the Companies Act, 2013. The proposed new aggregate borrowing limit is ₹100,000 crore (Rupees One Lakh crore only) in excess of the aggregate of the paid-up share capital, free reserves, and share premium. The Board will be authorized to raise loans, borrow funds, and issue debt securities. August 07, 2026, has been fixed as the cut-off date for e-voting.
Key Highlights
- EGM scheduled for August 14, 2026, via video conferencing.
- Shareholders to approve increase in borrowing limits.
- New borrowing limit proposed at ₹100,000 crore above capital and reserves.
- Board authorized to raise loans and issue debt securities.
- Cut-off date for e-voting is August 7, 2026.
Price Impact
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