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Date: July 16, 2026
BSE Limited National Stock Exchange of India Limited
P J Towers, Exchange plaza,
Dalal Street, Bandra-Kurla Complex,
Mumbai – 400001 Bandra (E), Mumbai – 400051
Scrip Code: 512599 Scrip Code: ADANIENT
Dear Sir,
Sub: Intimation relating to Share Purchase Agreement executed by a subsidiary entity
Ref: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
we would like to inform that Adani Defence Systems & Technologies Limited, (“ADSTL”) a
wholly-owned subsidiary of the Company has signed Share Purchase Agreement with Flight
Simulation Solutions Private Limited (“FSSPL”) (in which ADSTL currently holds a 55.40%
stake) and existing shareholders of FSSPL for acquisition of remaining 44.6% stake in FSSPL.
Upon completion of the aforesaid transaction, ADSTL’s stake in FSSPL will increase from
55.40% to 100%, thereby making FSSPL a wholly-owned subsidiary of ADSTL. Consequently,
ADSTL’s effective stake in Flight Simulation Technique Centre Private Limited (“FSTC”), a
subsidiary of FSSPL, will also increase from the existing 72.80% to 100%. Information in this
regard has been received by the Company on July 16, 2026 at 12:28 PM.
The details of the above acquisition (as required to be furnished pursuant to Regulation 30
read with Para A of Part A of Schedule III of SEBI Listing Regulations and SEBI Circular No.
SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January, 2026) are enclosed as
Annexure 1.
You are requested to take the same on your records.
Thanking you
Yours faithfully,
For Adani Enterprises Limited
Jatin Jalundhwala
Company Secretary & Joint President (Legal)
Membership No. F3064
Adani Enterprises Limited Tel + 91 79 2656 5555
“Adani Corporate House”, Fax + 91 79 2555 5500
Shantigram, Near Vaishno Devi Circle Investor.ael@adani.com
S. G. Highway, Khodiyar www.adanienterprises.com
Ahmedabad – 382 421
Gujarat, India
CIN: L51100GJ1993PLC019067
Registered Office : “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad – 382 421
Annexure 1
Particulars Details
1. Name of the target entity, details in Flight Simulation Solutions Private Limited
brief such as size, turnover etc. (“FSSPL”) has consolidated revenue of INR
235 Crore for the FY 2025-26
FSSPL along with its subsidiaries is engaged
in the business of providing integrated flight
training services to Pilots of airlines.
2. Whether the acquisition would fall No
within related party transaction(s)
and whether the promoter/
promoter group/ group companies
have any interest in the entity being
acquired? If yes, nature of interest
and details thereof and whether the
same is done at “arm’s length”
3. Industry to which the entity being Aerospace - Flight Training
acquired belongs
4. Objects and impact of acquisition The objective is to expand ADSTL’s footprint
(including but not limited to, in the Aviation Services industry.
disclosure of reasons for acquisition
of target entity, if its business is
outside the main line of business of
the listed entity)
5. Brief details of any governmental or Not Applicable
regulatory approvals required for
the acquisition
6. Indicative time period for Within 2 months
completion of the acquisition
Adani Enterprises Limited Tel + 91 79 2656 5555
“Adani Corporate House”, Fax + 91 79 2555 5500
Shantigram, Near Vaishno Devi Circle Investor.ael@adani.com
S. G. Highway, Khodiyar www.adanienterprises.com
Ahmedabad – 382 421
Gujarat, India
CIN: L51100GJ1993PLC019067
Registered Office : “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad – 382 421
Particulars Details
7. Consideration - whether cash Cash Consideration
consideration or share swap or any
other form and details of the same
8. Cost of acquisition and/or the price The cost of acquisition remains at an
at which the shares are acquired enterprise value of INR 820 Cr for FSTC
9. Percentage of shareholding / Post completion of acquisition, ADSTL’s stake
control acquired and / or number of in FSSPL will increase from 55.40% to 100%.
shares acquired
Consequently, ADSTL’s effective shareholding
in Flight Simulation Technique Centre Private
Limited (“FSTC”), a subsidiary of FSSPL, will
also increase from the existing 72.80% to
100%.
10. Brief background about the entity FSSPL along with its subsidiaries is engaged
acquired in terms of products/line in the business of providing integrated flight
of business acquired, date of training services to Pilots of airlines.
incorporation, history of last 3 years
turnover, country in which the FSTC is a Directorate General of Civil Aviation
(DGCA) and European Union Aviation Safety
acquired entity has presence and
Agency (EASA) approved pilot training
any other significant information (in
organization that provides integrated flight
brief)
training to pilots.
FSSPL’s year wise consolidated revenue
(audited):
FY 23-24: INR 215 Crore
FY 24-25: INR 240 Crore
FY 25-26: INR 235 Crore
Adani Enterprises Limited Tel + 91 79 2656 5555
“Adani Corporate House”, Fax + 91 79 2555 5500
Shantigram, Near Vaishno Devi Circle Investor.ael@adani.com
S. G. Highway, Khodiyar www.adanienterprises.com
Ahmedabad – 382 421
Gujarat, India
CIN: L51100GJ1993PLC019067
Registered Office : “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad – 382 421