NSEGeneral Updates43m ago · 25 Sept 2026, 06:09 pm
General Updates
Adani Energy Solutions Limited · ADANIENSOL
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Adani Energy Solutions Limited has incorporated 8 new wholly-owned subsidiaries, Arasan Step V Limited to Arasan Step XII Limited, for the business of electric utilities.
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Earnings Impact0/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk1/10
Liquidity Impact8/10
Market Sentiment5/10
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Adani Energy Solutions Limited has informed the Exchange about General Updates
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ADANITRANS_25092026180842_AESL_-_SE_Intimation_-_8_WOS.pdf
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25th September 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: 539254 Scrip Code: ADANIENSOL
Dear Sir/Madam,
Sub: Intimation for Incorporation of Wholly Owned Subsidiaries of the Company.
Ref: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of
India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
With reference to the captioned subject, we would like to inform that the Company has
incorporated 8 (Eight) new Wholly Owned Subsidiaries as per MCA intimation(s)
received by the Company on 24th September 2026 at about 06.30 p.m. IST.
The details of the above-mentioned incorporation (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 Master Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated
30th January, 2026) are given hereinbelow as Annexure – A.
You are requested to take the same on your records.
Thanking you,
Yours faithfully,
For Adani Energy Solutions Limited
Jaladhi Shukla
Company Secretary
Encl. as Above
Adani Energy Solutions Ltd Tel +91 79 2555 7555
Adani Corporate House Fax +91 79 2555 7177
Shantigram, Near Vaishno Devi Circle, info@adani.com
S. G. Highway, Khodiyar, www.adanienergysolutions.com
Ahmedabad 382 421
Gujarat, India
CIN: L40300GJ2013PLC077803
Registered Office: Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421
Annexure-A
Sr. Particulars Details
a) Name of the entity, date & country Name of the entities:
of incorporation, etc.;
1. Arasan Step V Limited (“ASVL”)
2. Arasan Step VI Limited (“ASVIL”)
3. Arasan Step VII Limited (“ASVIIL”)
4. Arasan Step VIII Limited (“ASVIIIL”)
5. Arasan Step IX Limited (“ASIXL”)
6. Arasan Step X Limited (“ASXL”)
7. Arasan Step XI Limited (“ASXIL”)
8. Arasan Step XII Limited (“ASXIIL”)
Date of incorporation: 24th September, 2026.
Country of incorporation: India
b) Name of holding company of the Adani Energy Solutions Limited is a holding
incorporated company and relation Company of ASVL, ASVIL, ASVIIL, ASVIIIL,
with the listed entity; ASIXL, ASXL, ASXIL and ASXIIL
c) Industry to which the entity being Electric Utilities
acquired belongs
d) Brief background about the entity Incorporated by Adani Energy Solutions
incorporated in terms of products / Limited, for carrying on the business of
line of business; production, generation, transformation,
transmission, processing, storing, supply
and distribution of electricity.
e) Brief details of any governmental or Not Applicable
regulatory approvals required for
the acquisition.
f) Nature of consideration - whether Cash
cash consideration or share swap
and details of the same;
g) Cost of subscription / price at which ASVL, ASVIL, ASVIIL, ASVIIIL, ASIXL, ASXL,
the shares are subscribed ASXIL and ASXIIL have been incorporated
with a paid-up share capital of
Rs. 5,00,000/- each (50,000 equity shares
of Rs. 10/- each). The above shares have
been subscribed at a face value of
Rs. 10/- each per share.
h) Percentage of shareholding / 100% of the shareholding(s) of ASVL,
control by the listed entity and / or ASVIL, ASVIIL, ASVIIIL, ASIXL, ASXL, ASXIL
number of shares allotted. and ASXIIL are held by Adani Energy
Solutions Limited.
Adani Energy Solutions Ltd Tel +91 79 2555 7555
Adani Corporate House Fax +91 79 2555 7177
Shantigram, Near Vaishno Devi Circle, info@adani.com
S. G. Highway, Khodiyar, www.adanienergysolutions.com
Ahmedabad 382 421
Gujarat, India
CIN: L40300GJ2013PLC077803
Registered Office: Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421