NSEUpdates5d ago · 16 Jul 2026, 11:09 pm

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Adani Enterprises Limited · ADANIENT

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Adani Enterprises Limited has informed the Exchange regarding 'Intimation relating to Share Purchase Agreement executed by a subsidiary entity'. Adani Defence Systems & Technologies Limited, a wholly-owned subsidiary of the Company, has signed a Share Purchase Agreement with Flight Simulation Solutions Private Limited and existing shareholders for the acquisition of the remaining 44.6% stake in FSSPL. Upon completion, ADSTL's stake in FSSPL will increase from 55.40% to 100%, making FSSPL a wholly-owned subsidiary of ADSTL. The acquisition is expected to expand ADSTL's footprint in the Aviation Services industry.

Analysis Scores

Earnings Impact2/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk2/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10

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Adani Enterprises Limited has informed the Exchange regarding 'Intimation relating to Share Purchase Agreement executed by a subsidiary entity '.

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ADANIENT_16072026230850_Draft_SEBI_Disclosure_150726.pdf

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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