Adani Green Energy541450EGM date declared

EGM on November 16, 2026: related party transaction approvals and Rs. 40,000 crore borrowing limit

Extra-Ordinary General Meeting on Monday, November 16, 2026 at 11.00 a.m., through video conferencing.

By ScoutQuest · Fri 23 Oct 2026, 3:53 PM IST · 3 min read

2%Shareholding threshold for large shareholders excluded from the member limit

Shareholding threshold for large shareholders excluded from the member limit: 2%.

EGM Date: Monday, November 16, 2026 at 11.00 a.m., through video conferencing
Borrowing Limit Resolution: borrowings allowed to exceed paid-up capital, free reserves and share premium by up to Rs. 40,000 crore
Voting Cut-off Date: November 09, 2026

An Extra-Ordinary General Meeting is a shareholder meeting held outside the usual annual meeting. This notice sets out the three proposals that shareholders will vote on, along with how the voting will work.

Meeting and voting details

The EGM will be held on Monday, November 16, 2026 at 11.00 a.m. through video conferencing and other audio-visual means.
The cut-off date for deciding who is entitled to vote is Monday, November 09, 2026.
Remote e-voting runs from 9.00 a.m. on Thursday, November 12, 2026 to 5.00 p.m. on Sunday, November 15, 2026.
Voting rights are in proportion to each member's share in the paid-up equity share capital as on the cut-off date.
Up to 1,000 Members can join the meeting on a first-come, first-served basis; large shareholders holding 2% or more, promoters, institutional investors, directors and key managerial personnel are allowed to attend without that limit.
Once a vote is cast, it cannot be changed or cast again.

Resolution 1: transactions with Adani New Industries Limited

This is an Ordinary Resolution. It seeks shareholder consent for the Board to enter into, carry out or continue material related party contracts, arrangements or transactions with Adani New Industries Limited, a related party of the Company, and/or entities under common control or associate entities, proposed during FY 2026-27 for the tenure set out in the explanatory statement. The transactions are to be carried out at an arm's length basis and in the ordinary course of business, and the aggregate value may exceed the prescribed thresholds under the SEBI Listing Regulations.

Resolution 2: transactions with Mundra Solar Energy Limited

This is also an Ordinary Resolution, in the same form, covering material related party contracts, arrangements or transactions with Mundra Solar Energy Limited, a related party of the Company, and/or entities under common control or associate entities, proposed during FY 2026-27, again at an arm's length basis and in the ordinary course of business.

Both resolutions also authorise the Board to execute the agreements, documents and instruments needed, and to settle related terms and questions.

Resolution 3: borrowing limit

This is a Special Resolution, which needs a higher level of shareholder approval than an ordinary one. It supersedes an earlier resolution on the subject and allows the Board to raise loans, borrow funds or issue debt securities or debt instruments by private placement, public issue or other permitted modes, in one or more tranches, from banks, financial institutions, corporates or other bodies.

The key point is the ceiling: total borrowings may exceed the aggregate of the Company's paid-up share capital, free reserves and share premium, but the amount borrowed may not exceed what is Rs. 40,000 crore in excess of that aggregate. Temporary loans from the Company's bankers in the ordinary course of business are outside this calculation. The Board is also authorised to fix the interest, repayment and security terms, and to delegate these powers.

How to read the three items

The first two items are approvals for continuing business dealings with group companies; the notice describes them as arm's length and in the ordinary course of business.
The third item is the outer limit for borrowings, which sets the headroom available to the Board for raising funds.
All three are decided by shareholder vote, with the two related party items as Ordinary Resolutions and the borrowing item as a Special Resolution.

If you hold the shares

Hold the shares on the cut-off date of Monday, November 09, 2026 to be eligible to vote.
E-voting is through the NSDL e-voting system, and the Company has appointed CS Ravi Kapoor, Practising Company Secretary, as the scrutinizer for the remote e-voting and the e-voting on the date of the EGM.

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