By Prashant Marathe | 23 May 2025 | EduInvesting
📌 At a Glance
Adani Green held its Extra-Ordinary General Meeting (EGM) today — and it was a speedrun.
📅 Date: May 23, 2025
🕘 Duration: 11:00 AM – 11:09 AM
🎯 Agenda: Approve related party transactions (RPTs) for FY2025-26
📊 Participation: 49 shareholders joined via Zoom-style VC
So what exactly was approved?
The company didn’t name names yet — but the umbrella term “material related party transactions” means multi-crore deals with other Adani group firms are back in action.
🔎 What Was Approved?
One single resolution:
✅ Approval for material related party transaction(s) proposed to be entered into by the Company during FY 2025-26.
That’s it.
No dividends.
No director changes.
Just green-lighting big internal group deals. Think:
- Power sale agreements with Adani Electricity Mumbai
- Engineering services from Adani Infra
- Possible debt restructuring via Adani Capital or family offices
📊 Voting Stats
| Metric | Value |
|---|---|
| Total shareholders (as of May 16) | 10,14,159 |
| Attended via Video Conferencing | 49 (0 promoters) |
| Resolution passed? | Yes (✔️ via e-voting) |
| Voting Window | May 19–22, 2025 |
Full vote breakdown to be filed separately under Regulation 44(3).
🧠 EduInvesting Take
This isn’t breaking news. It’s Adani Standard Operating Procedure.
Every year, Adani Green gets shareholder nod to enter “material RPTs” — because:
- Its core business runs through intra-group deals
- SEBI mandates shareholder approval beyond 10% of turnover
So this meeting was a formality, not a firework.
But here’s the catch 👉
When related party limits expand, group-level cash flow engineering becomes easier.
More solar deals?
More intercompany loans?
More complex capex swaps?
Possibly. That’s why SEBI keeps a tight eye.
🧾 What Happens Next?
- AGEL can now enter high-value contracts with other Adani firms without calling a fresh EGM every time.
- Investors wait for:
- Full vote result sheet (Reg. 44 filing)
- Details in Q1 FY26 investor update
- Any new RPTs above 10% turnover must still be disclosed quarterly
📈 CMP Snapshot (23 May 2025)
| Metric | Value |
|---|---|
| CMP | ₹1,037.00 |
| Intraday Move | +₹9.35 (+0.91%) |
| Market Cap | ₹1.65 Lakh Cr+ |
| 52W Range | ₹779 – ₹1,282 |
No fireworks post-EGM — market had already priced in the standard corporate housekeeping.
🏷️ Tags
Adani Green EGM 2025, Related Party Transactions, AGEL Shareholder Vote, EduInvesting, Adani Group Deal Approvals, SEBI Regulation 30, FY26 RPT Approval, AGM vs EGM Explained, Adani Green CMP ₹1037
