Adani Power shares surge by around 4% after company announces stock split on Aug 1

Shares of Adani Power Ltd increased by around 4% on July 29, reaching ₹591.55 at 2:00 PM IST, following the company's announcement to split its stocks on August 1.

The scrip showed minimal movement in the morning, hovering around ₹570, but witnessed a strong rally after 12:25 PM when it was trading at ₹570.50.

The company stated in a stock exchange filing today that its Board of Directors will meet on Friday, 1 August 2025. During that meeting, they will discuss a possible share split, which involves dividing each existing share of ₹10 into smaller parts. The exact details of the split will be decided by the Board. However, the change will only take place if the company’s shareholders and regulators approve it.

"Further to our intimation pursuant to Regulation 29 and other applicable provisions of the Listing Regulations, as given on July 24, 2025, we would like to inform you that the meeting of the Board of Directors of The Company meeting scheduled for Friday, 1st August 2025, will inter alia also consider the proposal for alteration in the share capital of the Company by way of sub-division/split of the existing equity shares of the face value Rs 10 each, fully paid-up, in such a manner as may be determined by the Board, subject to approval of the shareholders of the Company and any regulatory/statutory approvals, as may be required under applicable law," the company said in a stock exchange filing.

On July 24, 2025, the company had announced that its Board of Directors will hold a meeting on August 1, 2025, to review and approve the unaudited financial results for the quarter ending June 30, 2025. In line with insider trading regulations, the company had already closed its trading window starting July 1, 2025, which will remain closed for 48 hours after the official announcement of the financial results. Furthermore, the company plans to conduct a conference call with investors on August 1, 2025, to discuss its financial performance.