Adani Green Energy EGM Approves RPTs, Rs 40,000cr Borrowing

Date: Monday, November 16, 2026
Time: 11:00 a.m.
Mode: Video Conferencing/Other Audio-Visual Means
Cut-off Date: Monday, November 09, 2026 for determining shareholders eligible to vote
Venue: Deemed to be at the Registered Office - "Adani Corporate House", Shantigram, Near Vaishno Devi Circle, S G Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India

Type: Ordinary Resolution
Purpose: Approval for material RPTs during FY 2026-27 with Adani New Industries Limited (ANIL)
Transaction Value: Rs 4,345 crore
Breakdown: Purchase of Goods (Rs 4,278 crore), Availing of Services (Rs 57 crore), Rendering of Services (Rs 10 crore)
Tenure: FY 2026-27 and FY 2027-28
Financial Year-wise Breakdown: FY 2026-27: Rs 1,800 crore, FY 2027-28: Rs 2,545 crore
Justification: Purchase of Wind Turbine Generators and solar modules for power projects at competitive rates derived through competitive bidding

Type: Ordinary Resolution
Purpose: Approval for material RPTs during FY 2026-27 with Mundra Solar Energy Limited (MSEL)
Transaction Value: Rs 1,550 crore
Nature: Purchase of Goods (solar modules)
Tenure: FY 2026-27 and FY 2027-28
Financial Year-wise Breakdown: FY 2026-27: Rs 500 crore, FY 2027-28: Rs 1,050 crore
Justification: Procurement of solar modules for power projects at competitive rates through best quotes

Type: Special Resolution
Purpose: To raise borrowing limits from current Rs 25,000 crore to Rs 40,000 crore
Legal Basis: Section 180(1)(c) of Companies Act, 2013
Purpose: Business expansion, particularly in Battery Energy Storage System and Pumped Hydro Storage segments
Authorization: Board authorized to raise loans through various instruments including debt securities, private placement, public issue

Remote e-Voting Period: Thursday, November 12, 2026 (9:00 a.m.) to Sunday, November 15, 2026 (5:00 p.m.)
E-Voting Agency: National Securities Depository Limited (NSDL)
Scrutinizer: CS Ravi Kapoor, Practising Company Secretary (Membership No. FCS: 2587; CP No: 2407)
Voting Rights: Proportional to shareholding as on cut-off date (November 09, 2026)
Participation: Members can join via VC/OAVM 15 minutes before and after scheduled time
Facility Limit: 1,000 Members on first-come-first-served basis (excludes large shareholders, promoters, institutional investors, directors, KMPs, committee chairpersons, auditors)

The EGM is being conducted in compliance with:

Turnover: Rs 4,261.78 crore
Net Worth: Rs 2,216.88 crore
Net Profits: Rs 350.38 crore
Previous Transactions with AGEL (FY 2025-26): Purchase of Goods Rs 3,133.06 crore, Rendering of Services Rs 13.29 crore, Availing of Services Rs 16.13 crore

As per SEBI Listing Regulations amended effective December 19, 2025:

Mr. Gautam S. Adani, Mr. Rajesh S. Adani, Mr. Sagar R. Adani, Mr. Vneet S. Jaain and their relatives are interested in Resolution 1
Mr. Gautam S. Adani, Mr. Rajesh S. Adani and their relatives are interested in Resolution 2
Related parties shall not vote on RPT resolutions as per SEBI Listing Regulations

Scrutinizer to unblock votes and prepare consolidated report within 48 hours of EGM conclusion
Results to be placed on company website (www.adanigreenenergy.com) and NSDL website (www.evoting.nsdl.com)
Results to be communicated to BSE and NSE for dissemination