BSECompany Update5d ago · 29 Jul 2026, 03:20 pm
Statement of Deviation & Variation for the quarter ended on 30th June, 2026
Adani Enterprises Ltd · 512599
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Adani Enterprises Ltd has confirmed that there was no deviation or variation in the utilisation of proceeds of funds raised through Rights Issue from the objects stated in the Letter of Offer dated 12th November, 2025. The company has utilised the entire money raised up to June 30, 2026, for the objects as stated in the Letter of Offer.
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Adani Enterprises Ltd - 512599 - Statement Of Deviation Or Variation For The Quarter Ended 30Th June, 2026
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29th July, 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 June,
2026
Ref: Funds raised through Rights Issue
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 June, 2026, there was no deviation or variation
in the utilisation of proceeds of funds raised through Rights Issue from the
objects stated in Letter of Offer dated 12th November, 2025 (‘LOF’).
A statement of deviation or variation, if any, for the quarter ended on
30th June, 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 Rights Issue
Name of listed entity Adani Enterprises Limited
Mode of Fund Raising Public Issues / Rights Issues / Preferential Issue / QIP /
Others
Date of Raising Funds 12th December, 2025 (Application Money)
04th February, 2026 (First Call Money)
24th March, 2026 (Second Call Money)
Amount Raised INR 24,874.26 Crores (Refer Note below)
Report filed for Quarter ended 30th June, 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
Objects for which funds have been raised and where there has been a deviation, in the following table
Original Original Amount of
Allocation Allocation Deviation Re
Modi as as / Variation m
Original Funds
fied per Share per call for the ar
Allocation Modified Utilised
Original Object Obje Application Money quarter ks,
(Rs. In Allocation (Rs. In
ct, if Money received according if
Crores) Crores)#
any received (Rs. In to an
(Rs. In Crores) applicable y
Crores) objects
Repayment / pre-payment,
in full or in part, of certain
outstanding borrowings
availed and perpetual
debt instruments issued
18,698.00 18,698.00
by our Company and one
of our Subsidiaries, Adani
NA 12,465.15 12,409.11 NA Nil
Airport Holdings Limited ,
including the interest
accrued thereon.
General corporate
6,208.05 6,152.01
purposes
Issue expenses
24.25 24.25
Total 24,930.30 12,465.15 12,409.11 24,874.26
Note - Company has received the proceeds towards first and second call on the partly paid rights equity shares. However, call money amounting
to Rs. 56.04 crore is yet to be received in monitoring account
# 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
The entire money raised by the Company through Rights Issue up to June 30, 2026,
has been utilized for the objects as stated in the Letter of Offer dated November 12,
2025
Note: The Rights Equity Shares were issued on a partly paid-up basis and an amount of Rs.
900 (i.e. 50% of the Issue Price) per Rights Equity Share has been received on application
(of which Rs. 0.50 towards face value of Rights Equity Share and Rs. 899.50 towards
premium amount) and Rs. 450 (i.e. 25% of the Issue price) per Rights Equity Share has been
received on First call (of which Rs. 0.25 towards face value of Rights Equity Share and Rs.
499.75 towards premium amount) and Rs. 450 (i.e. 25% of the issue price) per Rights Equity
Share has been received on Second and Final call (of which Rs. 0.25 towards face value of
Rights Equity Share and Rs. 499.75 towards premium amount).
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