Adani Steps Down from APSEZ, Agarwal Takes Board Seat Amidst Strong Q1 Earnings
Gautam Adani relinquished his position as Executive Chairman of Adani Ports and Special Economic Zone (APSEZ), transitioning to the role of Non-Executive Chairman, effective August 5, 2025. This move, the company stated, is in compliance with regulatory requirements and allows Mr. Adani to focus his attention on other entities within the Adani Group.
Simultaneously, Manish Agarwal joined the APSEZ board as a non-executive director. This appointment adds further depth to the company’s leadership structure.
APSEZ announced robust first-quarter results for Fiscal Year 2026 (FY26), reporting a 21% surge in revenue and a 7% increase in net profit. This positive financial performance underscores the company’s continued strength and resilience.
The changes in leadership and the impressive financial results highlight a strategic repositioning for APSEZ. This development is significant given the intense scrutiny faced by the Adani Group in recent months, showcasing the company’s commitment to transparency and continued growth despite external pressures. The impact on investor confidence and the broader Indian port sector remains to be seen.
