Date: May 29, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

Not Specified

Board Meeting Outcomes

Not Specified

Financial Results

Not Specified

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

General Disclosures

Corporate Details:

  • Corporate Address: Nr. Vaishno Devi Circle, S G Highway, Khodiyar, Ahmedabad - 382 421, Gujarat, India
  • Contact Email: investor.agel@adani.com
  • Financial Year: April 01, 2025 to March 31, 2026
  • Listed on: BSE Limited and National Stock Exchange of India Limited
  • Paid-up Capital: ₹1,647 crore
  • Contact Person: Mr. Pankaj K Verma, Chief Sustainability Officer (+91 79 25554947, cso.renewable@adani.com)
  • Reporting Basis: Consolidated basis

Business Activities:

  • Generation of power using Renewable sources: 100% of turnover (NIC Code 35105)
  • Renewable Power Generation: 94.4% of turnover
  • Sale of solar power equipment: 5.6% of turnover

Operations:

  • 106 locations in India (105 plants, 1 office) across 12 states
  • No international operations
  • Export contribution: Nil
  • Primary customers: B2B including State utilities and DISCOMs with long-term PPAs
  • 78.4% portfolio backed by PPAs with sovereign counterparties (SECI, PTC, NTPC, NHPC, State DISCOMs)

Employees:

  • Total permanent employees: 976 (942 male, 34 female)
  • Gender representation: 96.5% male, 3.5% female
  • Differently abled employees: 1 permanent male employee
  • Reduction in headcount due to strategic shift from self-execution to partner-led model using EPC and O&M partners
  • No workers employed as defined under applicable labour laws

Board and KMP Representation:

  • Board of Directors: 10 total, 1 female (10% representation)
  • Key Management Personnel: 5 total, 0 female (0% representation)

Employee Turnover:

  • FY 2025-26: 38% overall (38% male, 45% female)
  • FY 2024-25: 30% overall (30% male, 36% female)
  • FY 2023-24: 23.3% overall (23.6% male, 13% female)
  • Increase in turnover attributed to operating model transition

CSR Details:

  • CSR applicable: Yes
  • Turnover: ₹12,928 Crore
  • Net worth: ₹29,879 Crore
  • Total CSR spent: ₹47.39 Crore

Grievance Redressal:

  • Communities: 12 complaints filed, all resolved
  • Employees: 3 complaints filed, all resolved
  • Investors, Shareholders, Customers, Value Chain Partners, Others: 0 complaints

Material Responsible Business Conduct Issues

AGEL identified and assessed 17 material ESG issues including:

  • GHG Emissions and Climate Change (Risk & Opportunity)
  • Waste Management (Risk & Opportunity)
  • Water Management (Risk & Opportunity)
  • Biodiversity and Habitat Management (Risk & Opportunity)
  • Occupational Health and Safety (Risk & Opportunity)
  • Human Rights (Risk & Opportunity)
  • Data Privacy and Cybersecurity (Risk & Opportunity)

ESG Goals and Performance

Environmental Goals:

  • 50 GW renewable energy capacity by 2030: 19.294 GW achieved (38.6%)
  • Net Water Positive status for 100% operational plants: Achieved and sustained
  • Zero Waste to Landfill certification for 100% operational locations: Achieved and sustained
  • Single Use Plastic free operations: Sustained for all operating plants
  • 55% reduction in operational GHG emission intensity by 2030: 17% achieved
  • 50% reduction in operational water intensity by 2030: 55% achieved
  • 65% Electric Vehicle adoption by 2030: 51% achieved
  • 92% Green power adoption by 2030: 88% achieved
  • 27.86 lakh trees by FY 2029-30: 3,45,694 trees planted (12.4%)

Social Goals:

  • 10% women representation in workforce by FY 2029-30: 3.5% achieved
  • Zero Harm and Zero Leak: 0.24 LTIFR achieved
  • 100% critical and manufacturing suppliers through GHG Program: Achieved
  • 100% ESG screening of critical manufacturing suppliers: Achieved
  • Zero cases of Code of Business Ethics violations: Achieved
  • Zero cases of discrimination and sexual harassment: Achieved
  • Zero cases of human rights violations: Achieved

Governance Goals:

  • 30% Board Gender Diversity by FY 2027-28: 10% achieved
  • 60% Board Independence by FY 2027-28: 50% achieved
  • 100% manufacturing suppliers under reputational due diligence: Achieved
  • 100% ESG Standard implementation: Achieved
  • 100% operations assessed for breaches: Achieved
  • 100% Board upskilled on ESG: Achieved

Energy and Environmental Performance

Energy Consumption (FY 2025-26):

  • Total energy consumed: 32,74,471 GJ
  • From renewable sources: 28,05,231 GJ (85.6%)
  • From non-renewable sources: 4,69,239 GJ (14.4%)
  • Energy intensity: 253.3 GJ/₹ Crore turnover

Water Management (FY 2025-26):

  • Total water withdrawal: 21,16,588 kilolitres
  • Groundwater: 16,21,594 kilolitres
  • Third party water: 4,94,994 kilolitres
  • Water consumption: 21,16,588 kilolitres
  • Water intensity: 163.72 kilolitres/₹ Crore turnover
  • Zero water discharged

GHG Emissions (FY 2025-26):

  • Scope 1 emissions: 6,679 tCO2e
  • Scope 2 emissions: 75,374 tCO2e
  • Total Scope 1 & 2 intensity: 6.3 tCO2e/₹ Crore turnover
  • Scope 3 emissions: 34,75,323 tCO2e

Waste Management (FY 2025-26):

  • Total waste generated: 7,905.78 metric tonnes
  • Plastic waste: 45.26 metric tonnes
  • E-waste: 328.52 metric tonnes
  • Bio-medical waste: 0.99 metric tonnes
  • Battery waste: 0.64 metric tonnes
  • Other hazardous waste: 77.8 metric tonnes
  • Other non-hazardous waste: 7,452.57 metric tonnes
  • Waste recovered: 7,904.79 metric tonnes (recycled)
  • Waste disposed: 0.99 metric tonnes (incineration)

Subsidiaries and Value Chain

Subsidiaries:

  • 199 subsidiaries listed in Annexure A
  • All participate in Business Responsibility initiatives of AGEL

Value Chain Disclosures (FY 2024-25 data):

  • Coverage: Domestic suppliers contributing >2% to purchases, cumulative up to 75% of total procurement
  • Energy footprint: 7,47,61,407 GJ total consumption
  • Water footprint: 56,465 KL total consumption
  • Waste management: 2,00,189 MT total waste generated
  • Employee wellbeing spending: 0.21% median of total revenue
  • Gender diversity: 4.03% median female wage contribution
  • MSME sourcing: 20.18% median of total purchases

Assurance and Compliance

Assurance Provider: Intertek India Private Limited

Assurance Standard: ISAE 3000 (Revised) and ISAE 3410

Assurance Type: Reasonable Assurance

Scope: BRSR core disclosures for FY 2025-26

Conclusion: The BRSR core disclosures are, in all material respects, in accordance with SEBI's BRSR guidelines