Update on the Scheme of Amalgamation
As filed · Adani Power Limited has informed the Exchange about Update on the Scheme of Amalgamation.
What happened
FactAdani Power Limited has filed a merger scheme involving several wholly owned subsidiaries, which has been sanctioned by the Hon’ble National Company Law Tribunal, Ahmedabad, on August 4, 2026. The scheme's appointed date is April 1, 2025, and it will become effective upon the completion of the necessary steps outlined in the approved scheme. The matter regarding Vidarbha Industries Power Limited remains pending before the Hon’ble NCLT Mumbai.
Why it matters
CapitSignal interpretationA merger fixes a share-exchange ratio, which permanently sets how much of the combined company existing holders own.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Input Costs
ContradictedOur cost per MW is much lower than what other people are building.
The indices of imported coal are higher, and merchant prices have also increased.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Swap ratio and its valuation basis
- Regulatory and NCLT approvals required
- Appointed date
- We are on track to commission the 1,320 MW Korba Phase-II project this year, while the 1,600-MW Mahan Phase-II (management committed by Q1 FY28)
- Actually, what's happening, Shirom, is we are only deferring the commissioning targets by an average of 6 mont (management committed by FY29)
Evidence
- Adani Power Limited has informed the Exchange about Update on the Scheme of Amalgamation.(opens the original filing in a new tab)
- Earlier statement · Q4 FY25
- Latest statement · Q1 FY27
- Earlier statement · Q4 FY26
How CapitSignal classified this
- Reasoning:
- MERGER base 74; +2 corroborating keywords; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%