Adani Ports and Special Economic Zone Limited — Others, 01-05-2025: Change in Management

Adani Ports and Special Economic Zone Ltd has announced a board meeting approving the financial results for the quarter and half-year. The Board re-appointed Mr. Palamadai Sundararajan Jayakumar as Independent Director for another three years and appointed CS Ashwin Shah as Secretarial Auditor and Mr. Amrendra Kumar Sinha as Internal Auditor. The company proposes deleting the Common Seal clause from its Articles of Association and plans a video-conferenced AGM with a proposed dividend of Rs. 7 per share, subject to approval. Consolidated revenue rose to Rs. 32,383 Cr with a PAT of Rs. 11,061 Cr in FY25. Debt-equity improved to 0.73 with net worth at Rs. 64,973 Cr. Key acquisitions include a 95% stake in Gopalpur Ports and 80% in Astro Offshore; Abbot Point Port acquisition is pending approvals. Despite ongoing investigations linked to previous short seller reports, operations remain unaffected as governance and compliance efforts continue.