Adani Energy Solutions Ltd

Meeting Details

• Date and time: October 23, 2026 at 11:00 AM IST.
• Type and mode: group conference call (virtual).
• Event/organiser: Adani Energy Solutions 1HFY27 Results Conference Call.

Participants

• Participants: CEO, CFO, Head Finance.

Purpose

• Purpose: discuss 1HFY27 results for quarter and half-year ended Sep 30, 2026.

Adani Energy Solutions Ltd – Trading Window closed from October 01, 2026 until 48 hours after the unaudited results for the quarter and half year ended September 30, 2026

Settlement context

• Settlement Order issued by SEBI under 2018 Settlement Proceedings.
• Company: Adani Energy Solutions Limited (formerly Adani Transmission Limited).
• Receipt date: September 28, 2026.

Settlement details

• Settlement amount: INR 37,05,000; no material financial impact on the Company.
• Settlement accepted without admission or denial of findings.

Governance / individuals

• Directors named: Gautam S. Adani, Rajesh S. Adani, Anil Kumar Sardana; erstwhile: Deepak Bhargava, Laxmi Narayana Mishra.

Regulatory impact

• Settlement relates to alleged violations of Rule 19A and listing regulations; no material financial impact beyond settlement.

Operational impact

• Company states no material impact on operations or business outlook.

Subsidiaries and business

• Eight wholly owned Indian subsidiaries: ASVL, ASVIL, ASVIIL, ASVIIIL, ASIXL, ASXL, ASXIL, ASXIIL.
• Incorporated on 24 September 2026; country: India.
• Business scope: electricity production, generation, transformation, transmission, processing, storing, supply and distribution.

Capital and ownership

• Paid-up capital per subsidiary Rs 5 lakh; aggregate Rs 4.0 million.
• Share subscription: 50,000 equity shares at Rs 10 each per company.
• Adani Energy Solutions holds 100% stake in all eight subsidiaries.

Regulatory and timeline

• Regulatory approvals: Not Applicable for these incorporations.
• Timeline: Incorporations completed on 24 September 2026.
• Consideration: cash for share subscriptions.
• Industry: Electric Utilities.

SEBI Settlement with Adani Energy Solutions

• SEBI issued a settlement order under the Settlement Proceedings Regulations, 2018.
• Company filed a settlement application with SEBI to resolve alleged violations.
• Settlement amount fixed at INR 9,75,000; no material financial impact reported.
• Date of receipt of communication: September 22, 2026.
• Reason: alleged violation of Clause 41(1)(h) of erstwhile Listing Agreement and related NSE/BSE provisions.
• Action by company: no further actions taken.

Meeting Details

• Event: JPM Industrial and Electric Utilities Tour; Type: Group; Mode: Physical; Date: September 24, 2026; Location: Ahmedabad.
• Purpose: Interaction with investors/analysts as scheduled.

ESG Rating Disclosure

• First ESG rating assigned by Niche99 ESG Ratings for AES.
• 2026 ESG score is 75/100, in Leader band.
• Rating is based on a subscriber pay model.
• 2025 score not applicable.
• Intimation published; available on AES website.

Key update

• APL assigns LOA to PTSL for 2,500 MW RTC power.
• PTSL signs PPA with MSEDCL on 8 September 2026.
• PPA term is 25 years from the Scheduled Commencement Date.
• LOA receipt announced on 2 April 2026.
• Awarding entity is MSEDCL (domestic); contract size 2,500 MW.
• Transaction strengthens PTSL's power portfolio and supports energy-solutions strategy.

Disposal of Adani Energy Solutions shares

• Target: Adani Energy Solutions Limited.
• Disclosing Party: Acquirer and PACs (GQG Partners LLC as investment manager), non-promoter.
• Transaction Type: Disposal of equity shares through multiple on-market transactions.
• Pre-Transaction Holding: 62,236,145 shares (5.09%).
• Shares sold: 19,967,446 shares (1.63%).
• Post-Transaction Holding: 42,295,699 shares (3.46%).
• Mode: Open market transactions.
• Dates: Between June 30, 2023 and August 31, 2026.
• Share capital context: INR 1,222,954,468 total; 122,295,447 equity shares.

Disposal details

• Target: Adani Energy Solutions Limited.
• Disclosing acquirers: GQG Partners entities; not promoter group.
• Mode: open market sale via multiple transactions from 2023-06-30 to 2026-08-31.
• Pre-disposal voting rights: 62,236,145 shares (5.09%).
• Disposed shares: 19,967,446 voting shares (1.63%).
• Post-disposal voting rights: 42,295,699 shares (3.46%).
• Equity capital before/after: INR 1,222,954,468 comprising 122,295,447 shares.
• Encumbrances: none pre/post-disposal.
• Post-disposal diluted voting capital: 3.46%.