130% Dividend Announced: Adani Enterprises Share Price Up Ahead of Dividend Record Date; How To Get Eligible?

Adani Enterprises Dividend: Shares of Gautam Adani's flagship company, Adani Enterprises Limited (AEL), ended in green on Monday, June 9, ahead of its dividend record date. The trading-minerals stock has enjoyed significant investors' attention over the past few weeks despite controversy around its alleged links with an Iranian-origin liquified petroleum gas (LPG).

Adani Enterprises shares ended 1.85% higher at Rs 2581.96 per share on BSE on Monday, June 9. The company scrip touched an intraday high mark of Rs 2605.15 apiece today. Adani Enterprises dividend is also likely to be one of the factors drawing investors' interest towards the stock.

Adani Enterprises Dividend

Adani Group subsidiary, on 1 May, had announced that its board of directors had recommended a dividend of Rs 1.30 per share with a face value of Re 1 (ie 130%) for its eligible shareholders.

"The Board has recommended Dividend of Rs. 1.30 (@ 130%) per Equity Share of face value of Re. 1 each fully paid up for the Financial Year 2024-25, subject to approval by shareholders of the Company at the ensuing Annual General Meeting ("AGM")" read a BSE exchange filing by Adani Enterprises in May.

Adani Enterprises Dividend Record Date

The company had fixed 13 June, ie Friday, as the record date for determining the eligibility of shareholders. The dividend, if approved by the the shareholders at the ensuing AGM, is likely to be paid on or after 30 June, 2025.

"Pursuant to the Regulation 42 of SEBI Listing Regulations, it is hereby informed that the Company has fixed Friday, 13th June, 2025 as 'Record Date' to determine entitlement of the members of the Company to receive Dividend," the company stated in its BSE filing.

Adani Enterprises Dividend: How To Become Eligible?

A dividend is a share of the company's profit that it decides to distribute among eligible shareholders in the form of cash or stock reinvestment. Adani Enterprises announced a dividend of Rs 1.5 per share. To become eligible for the Adani Enterprises dividend, it is important for shareholders to own the AEL stock on or before dividend record date, ie 13 June.

Eligible shareholders who will receive AEL dividend may also require to pay tax deducted at source (TDS). Apart from the announcement of dividend, AEL's board of directors had also approved a fund raise.

Funds will be raised by the "issuance of such number of equity shares having face value of ₹ 1 each of the Company and / or other eligible securities or any combination thereof (hereinafter referred to as ("Securities"), for an aggregate amount not exceeding Rs 15,000 crore or an equivalent amount thereof by way of any permissible modes, including but not limited to a private placement, a qualified institutions placement, preferential issue, or any other method or combination of methods," the company stated.

Adani Enterprises Iranian LPG Controversy

Adani Enterprises landed in controversy a few weeks ago when the Wall Street Journal reported that the company allegedly imported Iranian liquefied petroleum gas (LPG) into India via the Mundra port. The company is also facing investigation by the US government over the matter, reported the WSJ. Adani Enterprises Limited rejected the report and denied any deliberate engagement in transportation of Iranian LPG.

"The Wall Street Journal's story of 2nd June 2025, by Ben Foldy and Dave Michaels, alleging links between Adani entities and Iranian LPG, is baseless and mischievous. Adani categorically denies any deliberate engagement in sanctions evasion or trade involving Iranian-origin LPG. Further, we are not aware of any investigation by US authorities on this subject," stated Adani Enterprises Limited.