Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Adani Energy Solutions Limited

Meeting Details

The 13th Annual General Meeting was held on Thursday, June 25, 2026 at 12:30 p.m. IST through Video Conferencing/Other Audio Visual Means (VC/OAVM).

Proposed Resolutions and Implications

Eight ordinary resolutions were proposed and approved:

1. Adoption of Audited Standalone Financial Statements for FY ended March 31, 2026 with Board of Directors and Auditors reports

2. Adoption of Audited Consolidated Financial Statements for FY ended March 31, 2026 with Auditors report

3. Re-appointment of Mr. Anil Sardana (DIN: 00006867) as Director retiring by rotation

4. Approval of material related party transactions between a subsidiary and Vidarbha Industries and Power Limited during FY27

5. Approval of material related party transactions between a subsidiary and Adani Power Limited during FY27

6. Approval of material related party transactions between a subsidiary and Mahan Energen Limited during FY27

7. Approval of material related party transactions between a subsidiary and Korba Power Limited during FY27

8. Approval of payment of Commission to Non-Executive Director(s) including Independent Director(s)

Voting Process and Methods

The voting was conducted through:

  • Remote e-voting: Open from Sunday, June 21, 2026 at 9:00 a.m. to Wednesday, June 24, 2026 at 5:00 p.m.
  • E-voting at AGM: Conducted during the meeting for shareholders who hadn't voted remotely
  • Cut-off date for shareholder eligibility: Thursday, June 18, 2026
  • Central Depository Services (India) Limited (CDSL) was appointed as the agency for e-voting services

Key Voting Outcomes

Overall Participation

  • Total outstanding shares: 1,201,282,642
  • Total votes polled: 1,143,923,680 shares (95.23% of outstanding shares)
  • No invalid votes were cast in any resolution

Resolution-wise Results:

Resolution 1 (Standalone Financial Statements)

  • Total votes: 1,142,890,323 in favor (99.91%), 1,033,357 against (0.09%)
  • Promoter group: 851,545,387 shares voted 100% in favor
  • Public institutions: 246,373,761 shares voted 99.58% in favor, 0.42% against
  • Public non-institutions: 46,004,532 shares voted 99.97% in favor, 0.03% against

Resolution 2 (Consolidated Financial Statements)

  • Total votes: 1,142,890,323 in favor (99.91%), 1,033,357 against (0.09%)
  • Voting pattern identical to Resolution 1

Resolution 3 (Director Re-appointment)

  • Total votes: 1,083,293,992 in favor (94.70%), 60,687,616 against (5.30%)
  • Promoter group: 851,545,387 shares voted 100% in favor
  • Public institutions: 246,431,689 shares voted 75.37% in favor, 24.63% against
  • Public non-institutions: 46,004,532 shares voted 100% in favor

Resolutions 4-7 (Related Party Transactions)

All four RPT resolutions received near-unanimous approval:

  • Resolution 4 (Vidarbha Industries): 246,485,653 in favor (100%), 138 against (0.00%)
  • Resolution 5 (Adani Power): 246,485,653 in favor (100%), 138 against (0.00%)
  • Resolution 6 (Mahan Energen): 246,485,603 in favor (100%), 188 against (0.00%)
  • Resolution 7 (Korba Power): 246,485,578 in favor (100%), 213 against (0.00%)

Resolution 8 (Director Commission)

  • Total votes: 1,143,979,934 in favor (100%), 1,674 against (0.00%)
  • Promoter group: 851,545,387 shares voted 100% in favor
  • Public institutions: 246,431,689 shares voted 100% in favor
  • Public non-institutions: 46,004,532 shares voted 100% in favor

Scrutinizer's Role and Findings

Mr. Chirag Shah of Chirag Shah & Associates, Practicing Company Secretary, was appointed as Scrutinizer. His responsibilities included:

  • Scrutinizing votes cast through remote e-voting and e-voting at AGM
  • Providing a consolidated report on voting results
  • Ensuring votes were unblocked on June 25, 2026 at around 1:42 p.m. in presence of witnesses Mr. Divyamaan Balecha and Mrs. Neha Soni
  • Confirming all voting papers and records would remain in safe custody until minutes are approved

Compliance Confirmation

The document confirms compliance with:

  • Companies Act, 2013 and Rules made thereunder
  • SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Secretarial Standard-2 on General Meetings issued by ICSI

Additional Information

The voting results and scrutinizer's report were uploaded on the company's website (www.adanienergysolutions.com) and CDSL's website (www.evotingindia.com). The company's registered office is at Adani Corporate House, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad 382421, Gujarat, India.