NSEAcquisition6d ago · 13 Aug 2026, 06:13 pm

Acquisition

Adani Enterprises Limited · ADANIENT

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Adani Enterprises Limited has informed the Exchange about Acquisition of Path Highway LLP by Adani Road Transport Limited, a wholly owned subsidiary of the Company and Adani Road GRICL Limited, a wholly owned subsidiary of ARTL and step down subsidiary of the Company. The acquisition is in line with the Company's strategy to increase its footprint in the road infrastructure development industry.

Analysis Scores

Earnings Impact5/10
Growth Catalyst6/10
Governance Concern2/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10

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Full Announcement

Adani Enterprises Limited has informed the Exchange about Acquisition of Path Highway LLP by Adani Road Transport Limited, a wholly owned subsidiary of the Company and Adani Road GRICL Limited, a wholly owned subsidiary of ARTL and step down subsidiary of the Company,

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nishant_joshi_adani_com_13082026181323_AELIntimationAcqPath13082026.pdf

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13th August, 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 Sub.: Intimation for acquisition by a wholly owned subsidiary Ref: Disclosure pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Dear Sir/Madam, We wish to inform that Adani Road Transport Limited (“ARTL”), a wholly owned subsidiary of the Company and Adani Road GRICL Limited (“GRICL”), a wholly owned subsidiary of ARTL and step down subsidiary of the Company, have acquired 99.99% and 0.01% stake respectively, in Path Highway LLP (“PATH”) from Prakash Asphalting and Tolls Highway (India) Limited (“Seller 1”) and Mrs. Neeti Agarwal (“Seller 2”). Intimation regarding the aforesaid acquisition was received by the Company on 13th August, 2026 at 12:58 PM. Prior to above acquisition, ARTL and PATH were holding 74%:25.99% stake in Mancherial Repallewada Road Limited (“MRRL”); Suryapet Khammam Road Limited (“SKRL”) and Bilaspur Pathrapali Road Limited (“BPRL”). Consequent to the above acquisition, ARTL will hold 99.99% shareholding in MRRL, SKRL and BPRL. The details (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. 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. FCS-3064 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 Sr Particulars Details 1 Name of the target entity, details in Path Highways LLP (“PATH”) brief such as size, turnover etc. 2 Whether the acquisition would fall The promoter/promoter group does not within related party transaction(s) and have any interest in the transaction. whether the promoter/ promoter group/ group companies have any interest in Prior to acquisition, PATH was holding the entity being acquired? If yes, nature 25.99% stake in MRRL, SKRL and BRPL of interest and details thereof and and hence was their related party. whether the same is done at “arm’s length” The transaction is done at arm’s length basis. 3 Industry to which the entity being Roads - Infrastructure acquired belongs 4 Objects and impact of acquisition The acquisition is in line with the (including but not limited to, disclosure Company’s strategy to increase its of reasons for acquisition of target footprint in the road infrastructure entity, if its business is outside the main development industry line of business of the listed entity) 5 Brief details of any governmental or NA regulatory approvals required for the acquisition 6 Indicative time period for completion of Acquisition has been completed. the acquisition 7 Consideration - whether cash Cash consideration or share swap or any other form and details of the same 8 Cost of acquisition and/or the price at INR 91.34 crore (subject to closing which the shares are acquired adjustments) 9 Percentage of shareholding / control 100% of capital contribution/profit- acquired and / or number of shares sharing ratio acquired 10 Brief background about the entity PATH was incorporated on December 13, acquired in terms of products/line of 2018 under the Limited Liability business acquired, date of Partnership Act, 2008 and registered incorporation, history of last 3 years with the Registrar of Companies, turnover, country in which the acquired Gwalior, and functions as an investment entity has presence and any other holding vehicle in road infrastructure significant information (in brief) assets. 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