Adani Energy Solutions Limited has submitted its Business Responsibility and Sustainability Report for the financial year 2025-26 to BSE and NSE. The report outlines the company's performance against the National Guidelines on Responsible Business Conduct, including its commitment to net-zero emissions by 2050 and a renewable energy share of 65.92% in electricity purchased. It also details workforce statistics, safety incidents, and grievance redressal mechanisms.

The filing, made on May 31, 2026, was submitted pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The report has been uploaded on the company’s website and sent to members electronically.

ESG Commitments and Performance

Adani Energy Solutions has committed to achieving net-zero emissions by 2050 and became a signatory to IRENA’s Utilities for Net Zero alliance in FY 2025. The company divested its sole thermal asset, Adani Dahanu Thermal Power Station, on September 26, 2024. For FY 2025-26, the renewable energy share in electricity purchased and sold stood at 65.92%, with the company on track to achieve a goal of 60% renewable energy in total electricity distribution at its Mumbai unit by 2027.

The company reported that it is in the top 10 percentile of global companies in S&P Global’s ESG benchmarking for the electric utility sector in 2025.

Workforce and Safety

The company reported a total workforce of 8,127 individuals, comprising 1,767 employees and 6,360 workers. The workforce included 10 differently abled employees and workers.

Regarding safety, the report noted two fatalities among contract workers during FY 2025-26, compared to one in the previous year. The Lost Time Injury Frequency Rate (LTIFR) for employees and workers combined was 0.24 per million person-hours worked, up from 0.01 in the previous year.

Stakeholder Grievances

The company disclosed that it received 36,515 customer complaints during the year, all of which were resolved. It received nine shareholder complaints and one employee complaint related to the Prevention of Sexual Harassment (PoSH) Act, which was investigated and closed.

Governance and Assurance

The report stated that the company has policies covering all nine principles of the National Guidelines on Responsible Business Conduct. M/s. TUV India Pvt. Ltd. provided reasonable assurance for the core and non-core indicators in the report. The company confirmed that it had zero reported ethical breaches and no fines or penalties during the reporting period.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE931S01010/6d518235763e4bd9.pdf

Adani Energy Solutions Ltd has appointed Mr. Ashok Jagetiya as its Chief Financial Officer and Key Managerial Personnel effective May 31, 2026. The company noted the resignation of Mr. Kunjal Mehta from the same position, effective the close of business hours on May 30, 2026, due to personal reasons. The leadership change was approved by the Board of Directors based on the recommendations of the Nomination and Remuneration Committee and the Audit Committee.

Mr. Ashok Jagetiya is a Chartered Accountant with 30 years of experience in finance and accounting disciplines. His expertise spans financial management and strategy, capital allocation, treasury operations, merger & acquisition, governance, statutory compliance, and risk management across sectors such as FMCG, Energy, Family Office, and Natural Resources.

The incoming CFO has been associated with the Adani Group since 2000, holding senior leadership positions across multiple group businesses. These include AWL Agri Business Limited (formerly Adani Wilmar Limited), Adani Advisory LLP, Adani Green Energy Limited, and the Natural Resource business. He spent over eight years in Singapore working on the group's international green energy and natural resource businesses, gaining experience in trade finance, cross-border operations, and strategic business management.

Prior to this appointment, Mr. Jagetiya served as the Chief Financial Officer of Adani Green Energy Limited and Adani Global Pte Limited in Singapore. He is also part of the Adani Leadership Acceleration Program. The Board meeting to finalize these changes commenced at 12.20 p.m. and concluded at 01.25 p.m. on May 30, 2026.

The following table details the changes in the company's Key Managerial Personnel authorized to determine materiality and make disclosures to stock exchanges: