Description

Listing of 54,55,584 equity shares of Adani Green Energy Limited issued on preferential basis to Promoter pursuant to conversion of warrants, effective October 9, 2025.

Summary

BSE has announced the listing of 54,55,584 new equity shares of Adani Green Energy Limited (Scrip Code: 541450) effective from October 9, 2025. These shares were issued to the Promoter on a preferential basis pursuant to conversion of warrants at an issue price of Rs. 1,480.75 per share (face value Rs. 10 plus premium of Rs. 1,470.75). The shares are subject to a lock-in period until April 9, 2027.

Key Points

  • 54,55,584 equity shares of Rs. 10/- each listed
  • Issued at premium of Rs. 1,470.75 per share (total issue price: Rs. 1,480.75)
  • Allotted to Promoter on preferential basis through warrant conversion
  • Date of allotment: May 16, 2025
  • Distinctive numbers: 2253945246 to 2259400829
  • New shares rank pari-passu with existing equity shares
  • ISIN: INE364U01010
  • Trading commences: October 9, 2025

Regulatory Changes

No regulatory changes introduced by this circular.

Compliance Requirements

  • Trading members must note the new securities for trading purposes
  • Lock-in restrictions must be observed: all 54,55,584 shares locked until April 9, 2027
  • Shares cannot be transferred or sold before lock-in expiry

Important Dates

  • Allotment Date: May 16, 2025
  • Trading Commencement: October 9, 2025
  • Lock-in Expiry: April 9, 2027

Impact Assessment

This preferential allotment increases Adani Green Energy’s equity base by 54,55,584 shares, raising approximately Rs. 807.85 crores (at issue price of Rs. 1,480.75 per share). The allotment strengthens promoter holding as shares were issued exclusively to the promoter group. The 18-month lock-in period (from allotment to April 2027) ensures promoter commitment. Market impact is moderate as this represents expansion of equity capital with funds raised through warrant conversion, typical in growth-focused renewable energy companies.

Impact Justification

Significant preferential allotment to promoter with lock-in period, moderate impact on company's equity structure and promoter holding