Further update on US Matter - CRIMINAL Matter

Date: August 11, 2026 BSE Limited The National Stock Exchange of India Limited P J Towers, “Exchange Plaza”, Dalal Street, Bandra – Kurla Complex, Mumbai – 400 001 Bandra (E), Mumbai – 400 051 Scrip Code: 541450 Scrip Code: ADANIGREEN Ref: Update under regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”) Sub: Further Update on US Matter Dear Madam / Sir, As a further update to our intimations and clarifications dated November 21, 2024, November 27, 2024, January 23, 2026, January 24, 2026, January 31, 2026, April 8, 2026, April 18, 2026, May 15, 2026 and May 18, 2026 In relation to the criminal indictment (No. 24-CR-433) filed before the United States District Court for the Eastern District of New York (“US Eastern District NY Court”) by the United States Department of Justice (“US DOJ”) in the case of the United States of America against Mr. Gautam S. Adani, Mr. Sagar R. Adani, Mr. Vneet S. Jaain and other third-party individuals, we would like to inform you that the US DOJ filed a motion seeking dismissal with prejudice of the charges in the indictment against Mr. Gautam S. Adani, Sagar R. Adani, and Vneet S. Jaain and other defendants (i.e. a complete dismissal that bars any prosecution against Mr. Gautam S. Adani, Mr. Sagar R. Adani, Mr. Vneet S. Jaain and other defendants for the same allegations and the case cannot be re-opened). The US DOJ further reviewed the charges and decided in its prosecutorial discretion to dismiss this case. In view of the same, US Eastern District NY Court has dismissed the indictment against Mr. Gautam S. Adani, Mr. Sagar R. Adani, Mr. Vneet S. Jaain with prejudice pursuant to its order dated August 10, 2026. Accordingly, the charges in the indictment against Mr. Adani Green Energy Limited Tel +91 79 2555 5555 “Adani Corporate House”, Shantigram, Fax +91 79 2555 5500 Nr. Vaishno Devi Circle, S G Highway, investor.agel@adani.com Khodiyar, www.adanigreenenergy.com Ahmedabad – 382 421 Gujarat, India CIN: L40106GJ2015PLC082007 Registered Office: “Adani Corporate House”, Shantigram, Nr. Vaishno Devi Circle, S G Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India Gautam S. Adani, Sagar R. Adani, and Vneet S. Jaain have been dropped by US DOJ. Details as required under the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 (as updated on January 30, 2026) are as disclosed in Annexure A. As mentioned earlier, the Company is not a party to this proceeding, and no charges have been brought against it. We request you to please take this on record. Thanking you. Yours faithfully, For Adani Green Energy Limited Pragnesh Darji Company Secretary Adani Green Energy Limited Tel +91 79 2555 5555 “Adani Corporate House”, Shantigram, Fax +91 79 2555 5500 Nr. Vaishno Devi Circle, S G Highway, investor.agel@adani.com Khodiyar, www.adanigreenenergy.com Ahmedabad – 382 421 Gujarat, India CIN: L40106GJ2015PLC082007 Registered Office: “Adani Corporate House”, Shantigram, Nr. Vaishno Devi Circle, S G Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India Annexure A Details as required under the SEBI Listing Regulations read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated July 11, 2023 (as updated on January 30, 2026) are as disclosed as under: SN Particulars Details 1. in the case of litigation A criminal indictment (No. 24-CR-433) against key management was filed before the United States personnel or its promoter District Court for the Eastern District of or ultimate person in New York (“US Eastern District NY control, regularly provide Court”) by the United States Department details of any change in of Justice (“US DOJ”) in the case of the the status and / or any United States of America against Mr. development in relation to Gautam S. Adani, Mr. Sagar R. Adani, Mr. such proceedings Vneet S. Jaain, and other third-party individuals. Pursuant to this indictment, Mr. Gautam S. Adani, Mr. Sagar R. Adani, and Mr. Vneet S. Jaain (directors of the Company) were charged with alleged securities fraud conspiracy, alleged wire fraud conspiracy, and alleged securities fraud. Pursuant to a motion dated May 18, 2026 filed before the US Eastern District NY Court by US DOJ, US DOJ sought dismissal with prejudice of the charges in the indictment against Mr. Gautam S. Adani, Mr. Sagar R. Adani, and Mr. Vneet S. Jaain and other defendants (i.e. a complete dismissal that bars any prosecution against Mr. Gautam S. Adani, Mr. Sagar R. Adani, Mr. Vneet S. Jaain and other defendants for the same allegations and the case cannot be re- opened). In view of the same, US Eastern Adani Green Energy Limited Tel +91 79 2555 5555 “Adani Corporate House”, Shantigram, Fax +91 79 2555 5500 Nr. Vaishno Devi Circle, S G Highway, investor.agel@adani.com Khodiyar, www.adanigreenenergy.com Ahmedabad – 382 421 Gujarat, India CIN: L40106GJ2015PLC082007 Registered Office: “Adani Corporate House”, Shantigram, Nr. Vaishno Devi Circle, S G Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India SN Particulars Details District NY Court has dismissed the indictment against Mr. Gautam S. Adani, Mr. Sagar R. Adani and Mr. Vneet S. Jaain with prejudice pursuant to its order dated August 10, 2026 (“Order”). A copy of the Order is enclosed herewith as Annexure B. Adani Green Energy Limited Tel +91 79 2555 5555 “Adani Corporate House”, Shantigram, Fax +91 79 2555 5500 Nr. Vaishno Devi Circle, S G Highway, investor.agel@adani.com Khodiyar, www.adanigreenenergy.com Ahmedabad – 382 421 Gujarat, India CIN: L40106GJ2015PLC082007 Registered Office: “Adani Corporate House”, Shantigram, Nr. Vaishno Devi Circle, S G Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India Case 1:24-cr-00433-NGG Document 49 Filed 08/10/26 Page 1 of 47 PageID #: 510 UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK UNITED STATES OF AMERICA, MEMORANDUM & ORDER -against- 24-CR-0433 (NGG) GAUTAM S. ADANI, SAGAR R. ADANI, VNEET S. JAAIN, RANJIT GUPTA, CYRIL CABANES, SAURABH AGARWAL, DEEPAK MALHOTRA, and RUPESH AGARWAL, Defendants. NICHOLAS G. GARAUFIS, United States District Judge. Pursuant to Rule 48(a) of the Federal Rules of Criminal Proce dure, the United States of America by and through R. Trent McCotter of the U.S. Department of Justice (the "Depart ment") moves to dismiss the Indictment with prejudice as against all Defendants: Gautam S. Adani, Sagar R. Adani, Vneet S. Jaain, Ranjit Gupta, Cyril Cabanes, Saurabh Agarwal, Deepak Mal hotra, and Rupesh Agarwal ( collectively, "Defendants"). 1 (Dept's Rule 48(a) Mot. to Dismiss Indictment C'Rule 48(a) Mot.") (Dkt. 23).) For the reasons explained below, the court GRANTS IN PART the Department's Rule 48(a) Motion.2 Counts Two, Three, and Four of the Indictment as alleged against Defendants Gautam Adani, Sagar Adani, and Jaain (collectively, "Appearing Defendants") 1 All subsequent references to Rules are to the Federal Rules of Criminal Procedure. When quoting cases, unless otherwise noted, all alterations are adopted and all citations, emphases, internal quotation marks, and ellipses are omitted. 2 Although this case was not formally transferred from the U.S. Attorney's Office for the Eastern District ofNewYork to the Department (as was the case in, for example, United States v. Adams, 777 F. Supp. 3d 185, 200 (S.D.N.Y. 2025)), it is clear that the pending Motion is that of the Depart ment alone. For details, see infra Section I.F. Case 1:24-cr-00433-NGG Document 49 Filed 08/10/26 Page 2 of 47 PageID #: 511 are DISMISSED WITH PREJUDICE. The court RESERVES JUDG MENT as to the portions of the Motion regarding Counts One and Five as alleged against Defendants Gupta, Cabanes, Saurabh Agarwal, Malhotra, and Rupesh Agarwal ( collectively, "Non-Appearing Defendants"), pending the Department's fulfill ment of Rule 48(a)'s requirements. I. BACKGROUND3 A. The Indictment O [Showing first 8,000 characters — download PDF for full document]