Adani Green Converts 1.15 Crore Warrants into Equity Shares

Adani Green Energy Limited (AGEL) (NSE: ADANIGREEN) has informed the exchanges about the conversion of its remaining 1,15,76,193 convertible warrants into an equal number of equity shares, each with a face value of ₹10.

These warrants were initially allotted on January 25, 2024, to Ardour, a member of the company’s promoter group, through a preferential allotment on a private placement basis at an issue price of ₹1,480.75 per warrant.

At the time of allotment, ₹370.19 per warrant (25% of the issue price) had been received as the initial subscription amount. With this conversion, the balance 75% amount, ₹1,110.56 per warrant, has now been received, completing the full payment for all warrants.

Board Approves Allotment of Shares

During its meeting on July 17, 2025, the Management Committee of the Board of Directors approved the allotment of 1,15,76,193 equity shares to Ardour, at a premium of ₹1,470.75 per share, in accordance with the SEBI (ICDR) Regulations, 2018, and the terms of the original allotment.

Following this conversion, all 6,31,43,677 warrants allotted to Ardour have now been converted into equity shares, with the company receiving the complete issuance amount.

Updated Capital Structure and Promoter Shareholding

After the allotment, the issued, subscribed, and paid-up capital of AGEL has increased from 163,55,99,962 equity shares (₹1,635.59 crore) to 164,71,76,155 equity shares (₹1,647.17 crore).

The promoter and promoter group shareholding also rose slightly from 62.17% (1,016,820,443 shares) to 62.43% (1,028,396,636 shares) of the company’s total issued capital.

Equal Rights for All Shareholders

The newly allotted equity shares will rank pari passu with the existing equity shares in all respects, including dividend entitlements and voting rights, ensuring no disparity for investors.

Also Read: Adani Green Energy Q1 FY26: 45% Capacity Growth, 42% Surge in Energy Sales!

Conclusion

With the successful conversion of all warrants into equity shares, Adani Green Energy has strengthened its equity base and consolidated promoter holding, positioning itself for future growth while maintaining shareholder value.

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