What was filed
Adani Green Energy Limited (AGEL) reported audited standalone and consolidated results for the quarter and year ended 31 March 2026, approved by the board on 24 April 2026. The joint statutory auditors, S R B C & Co. LLP and Dharmesh Parikh & Co. LLP, issued audit reports with an **unmodified opinion**.
The filing also bundled several governance actions: re-appointment of three independent directors for second terms (subject to shareholder approval); a rotation in the joint statutory auditor slate (Shah Dhandharia & Co. LLP appointed, Dharmesh Parikh & Co. LLP completing its second term); appointment of a new internal auditor; and a change in the Head of Business Development. The board set the 11th AGM for 25 June 2026.
The operating story
Per the accompanying media release, FY26 was driven by a record greenfield capacity addition — the company said it added 5,051 MW during the year, about 1.5 times the prior-year addition, taking operational capacity to 19.3 GW and retaining its position as India's largest pure-play renewables company. Consolidated power-supply revenue and profit both grew year-on-year (see key figures), supported by new commissioning at Khavda, Gujarat and Rajasthan.
The filing also records a large capital event completed during the year: the promoter group's warrants were converted into equity shares. The company said it received ₹7,012 crore during FY26 as part of the aggregate ₹9,350 crore consideration, deployed toward debt repayment, perpetual-debt investment in subsidiaries and general corporate purposes.
The governance note a holder should read
Both audit reports carry an **emphasis-of-matter** paragraph — which does not modify the audit opinion — pointing to a note on an indictment by the U.S. Department of Justice and a civil complaint by the U.S. SEC against certain directors of the company, but not the company itself. Per the filing, during the quarter the directors' legal counsel agreed to accept service of the SEC complaint without accepting jurisdiction, and sought a pre-motion conference including grounds for dismissal. The matter is pending before the EDNY court and is being monitored by the company.
The company reiterated that an independent review completed in FY2024-25 did not identify non-compliances, and that management's conclusions are unchanged as at 31 March 2026, based on legal advice pending the outcome of the proceedings.