Change in Director / Key Managerial Personnel

Nature of change: Resignation and appointment of Chief Financial Officer (Key Managerial Personnel)

Resignation Details:

  • Mr. Kunjal Mehta resigned as Chief Financial Officer and Key Managerial Personnel
  • Effective from close of business hours on 30th May, 2026
  • Reason for resignation: Personal reasons
  • Resignation letter received and enclosed as Annexure B

Appointment Details:

  • Mr. Ashok Jagetiya appointed as Chief Financial Officer and Key Managerial Personnel
  • Effective from 31st May, 2026
  • Appointment based on recommendation of Nomination and Remuneration Committee and Audit Committee
  • Term of Appointment: Full Time employment

Brief Profile of New CFO:

  • Mr. Ashok Jagetiya is a Chartered Accountant
  • Seasoned finance professional with 30 years of experience in finance and accounting disciplines
  • Brings deep insight in financial management and strategy, capital allocation, operations, merger & acquisition, governance, statutory compliance and risk management
  • Experience across diversified sectors: FMCG, Energy, Family Office and Natural Resources
  • Associated with Adani Group since 2000
  • Served at senior leadership positions across multiple group businesses including:
  • AWL Agri Business Limited (formerly Adani Wilmar Limited)
  • Adani Advisory LLP
  • Adani Green Energy Limited
  • Natural Resource business
  • Spent over 8 years in Singapore working across Group's international green energy and natural resource businesses
  • Gained valuable global experience in trade finance, cross border operations, and strategic business management
  • Previously held Chief Financial Officer position in Adani Green Energy Limited and Adani Global Pte Limited, Singapore
  • Part of Adani Leadership Acceleration Program

Board Meeting Details:

  • Board meeting held on 30th May, 2026
  • Meeting commenced at 12:20 p.m. and concluded at 01:25 p.m.

Key Financial or Operational Approvals

The Board of Directors approved the appointment of Mr. Ashok Jagetiya as Chief Financial Officer based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee.

Any Other Material Information

Updated Key Managerial Personnel List:

  • Mr. Anil Sardana - Managing Director
  • Mr. Kandarp Patel - Whole-time Director & CEO (Contact: aesl.secretarial@adani.com, 079-25555 366)
  • Mr. Ashok Jagetiya - Chief Financial Officer
  • Mr. Jaladhi Shukla - Company Secretary & Compliance Officer

Regulatory Compliance:

  • Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Details provided as per Schedule III, Part A, Para A (7) and 7(C) of Listing Regulations
  • Compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated 30th January 2026
  • Intimation available on company website: www.adanienergysolutions.com

Company Details: