Therefore, investors who hold shares as of the record date will be entitled to receive the split shares.
Adani Power, earlier this month, had announced that its board had approved a sub-division of its equity shares, splitting each share of face value Rs 10 into five shares of face value Rs 2 each, fully paid-up.
This is the first time in the company’s history that such a stock split has been undertaken.
“The shareholders of the Company, by passing required Postal Ballot resolutions with requisite majority, have approved the following resolutions today, i.e. on September 4, 2025: 1. Sub-division / split of the existing equity shares of the Company, such that (1) one equity share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up, be sub-divided / split into 5 (five) equity shares having face value of Rs. 2/- (Rupees Two only) each fully paid-up,” the company had said in an exchange filing at the time of the announcement.
The company had also stated that the alteration to the Capital Clause of its Memorandum of Association was approved as part of this resolution. The record date announcement, made subsequently, set September 22, 2025, as the cut-off date for determining eligible shareholders.The stock split aims to increase the number of outstanding shares and adjust the face value accordingly. Market observers note that such corporate actions generally make shares more affordable in absolute price terms and increase liquidity by encouraging wider participation.Investors interested in availing the benefits of this corporate action must ensure that their trades are executed today so that they appear in their demat accounts on or before the record date.
On Thursday, the shares of Adani Power closed 0.6% higher at Rs 634 on the BSE.
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