The company is planning to raise funds via issue of equity shares or any other eligible securities through permissible modes, including but not limited to a private placement, a qualified institutions placement, preferential issue, or any other method or combination of methods as may be permitted under applicable laws.

In May, the company had cancelled its scheduled board meeting due to non-availability of directors.

Adani Green Energy (AGEL), a part of India-based Adani Group, has one of the largest global renewable portfolios with overall portfolio of 20.4 gigawatt (GW) including operating, under-construction and awarded projects catering to investment-grade counterparties. The company develops, builds, owns, operates and maintains utility-scale grid-connected solar and wind farm projects.

The power generation company reported a consolidated net profit of Rs 508 crore in Q4 FY23, steeply higher than Rs 121 crore recorded in Q4 FY22. Revenue from operations climbed 81.65% year on year to Rs 2,583 crore during the quarter.

Shares of Adani Green Energy rose 0.44% to Rs 946 on the BSE.