Adani Energy Solutions Limited (AESL) has executed a Share Purchase Agreement (SPA) with PFC Consulting Limited (PFCCL) on October 06, 2026, at approximately 05:00 PM IST to acquire 100% equity shares of Satara Power Transmission Limited (SPTL). This disclosure is made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and references SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

Acquisition Details

Target Entity: Satara Power Transmission Limited

Industry Classification: Electric Utilities (Transmission Service Provider)

Incorporation Date: July 2026 (Registered with Registrar of Companies, New Delhi)

Capital Structure:

  • Authorized Share Capital: ₹1 Lakh
  • Paid-Up Share Capital: ₹1 Lakh
  • Turnover: Not applicable (newly incorporated company)

Transaction Terms:

  • Acquisition of 100% equity shareholding
  • Consideration: Cash payment
  • Price per share: Acquired at face value of ₹10 per share
  • Transaction completed on execution date

Strategic Rationale

The acquisition supports AESL's strategy to enhance shareholder value through both organic and inorganic opportunities. SPTL has been established to facilitate the development of an additional 765 kV Inter-regional corridor between SR and WR Grids (Narendra – Kolhapur – Satara – Pune III / Pune (East) 765 kV corridor). This infrastructure will enable additional evacuation of renewable energy power from Karnataka toward load centers and Pumped Storage Power (PSP) projects in the Satara/Pune/MMR areas of Maharashtra. The project is part of a larger ₹4,700 crore transmission project for evacuating 4,500 MW of renewable and storage power in Maharashtra, as previously announced in a media release dated August 26, 2026.

Regulatory and Compliance Aspects

  • The acquisition does not qualify as a related party transaction
  • No promoter/promoter group/group companies have any interest in SPTL
  • No governmental or regulatory approvals are required for this acquisition
  • The transaction was executed at arm's length terms

Documentation

The disclosure includes Annexure A providing detailed information as required under SEBI LODR Regulations and the referenced circular. The company secretary, Jaladhi Atulchandra Shukla, digitally signed the submission on October 07, 2026, at 15:10:00 IST.

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