NSEStatement of deviation(s) or variation(s) under Reg. 323d ago · 28 Oct 2026, 06:42 pm
Statement of deviation(s) or variation(s) under Reg. 32
Adani Enterprises Limited · ADANIENT
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Adani Enterprises Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32, confirming no deviation or variation in the utilisation of proceeds of funds raised through Qualified Institutional Placement from the objects stated in Placement Document dated 7th July, 2026.
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Adani Enterprises Limited has informed the Exchange about statement of deviation(s) or variation(s) under Reg. 32
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28th October, 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 / Madam,
Sub: Statement of deviation or variation for the quarter ended 30th
September, 2026
Ref: Funds raised through Qualified Institutional Placement
Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 as amended read with SEBI circular
no. CIR/CFD/CMD1/162/2019 dated December 24, 2019, we hereby confirm that
during the quarter ended on 30th September, 2026, there was no deviation or
variation in the utilisation of proceeds of funds raised through Qualified
Institutional Placement from the objects stated in Placement Document dated
7th July, 2026.
A statement of deviation or variation, if any, for the quarter ended on
30th September, 2026, duly reviewed by the Audit Committee of the Company is
enclosed herewith.
Kindly take the above on your records.
Thanking you,
Yours faithfully,
For Adani Enterprises Limited
Jatin Jalundhwala
Company Secretary & Joint President (Legal)
Membership No.: F3064
Encl: As above
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 - 382421
Statement on Deviation of Variation for proceeds of QIP issue
Name of listed entity Adani Enterprises Limited
Mode of Fund Raising Public Issues / Rights Issues / Preferential Issue / QIP /
Others
Date of Raising Funds 09th July, 2026
Amount Raised INR 15,000 Crores
Report filed for Quarter ended 30th September, 2026
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
Is there a Deviation / Variation in use of funds No
raised
If yes, whether the same is pursuant to change in
terms of a contract or objects, which was
Not Applicable
approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any No Comments
Original Modified Funds Amount of Deviation
Modifie Remar
Allocation Allocation Utilised / Variation for the
Original Object d Object, ks, if
(Rs. In (Rs. In (Rs. In quarter according to
if any any
Crores) Crores) Crores)# applicable objects
Funding capital expenditure
requirements of some of our
Subsidiaries in relation to
(a) setting up a polyvinyl chloride
(“PVC”) plant; and
(b) payment of concession fee for
2,450.00 640.47
tolling, operation, maintenance
and transfer of six lane Chennai
Outer Ring Road (“CORR”)
Repayment/ pre-payment, in full or in
part, of certain outstanding NA NA Nil
borrowings availed by our Company
and our Subsidiaries, namely,
7,800.00 6,805.10
Mundra Solar PV Limited, Adani
Airport Holdings Limited and Kutch
Copper Limited, including the
interest accrued thereon
Funding inorganic growth through
unidentified
4,664.50 3,727.79
acquisitions/investments and
general corporate purposes
Issue expenses 85.50 85.22
Total 15,000.00 11,258.58
# excluding utilization of income earned on interim investments of funds.
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 - 382421
Deviation or variation could mean:
a) Deviation in the objects or purposes for which the funds have been raised or
b) Deviation in the amount of funds actually utilized as against what was originally
disclosed or
c) Change in terms of a contract referred to in the fund-raising document i.e.
prospectus, letter of offer, etc
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 - 382421