Adani Energy Solutions Limited has delivered strong operational performance in Q4FY26, showcasing robust growth across its transmission, distribution, and smart metering businesses. The company's comprehensive operational update demonstrates continued excellence in infrastructure development and service delivery.

Transmission Business Achieves Network Expansion

The transmission business recorded significant progress during Q4FY26, with the network length expanding to 27,949 ckm compared to 26,696 ckm in Q4FY25. This growth was driven by new project wins, reflecting the company's strong bidding capabilities and market positioning.

A major highlight was the commissioning of AESL's second HVDC project, the Mumbai HVDC Project, which strengthens the city's transmission capacity by 1000 MW. This development supports growing peak demand while enhancing grid reliability and advancing Mumbai's climate action goals.

Distribution Operations Show Consistent Improvement

The distribution business, comprising AEM Mumbai and MUL Mundra, demonstrated strong operational metrics and customer service improvements.

AEM Mumbai Performance

AEM Mumbai maintained exceptional service standards with supply reliability at 99.997% levels and improved system reliability parameters. The distribution loss improved to 4.20% from 4.31% in the previous year, remaining well below regulatory norms. Consumer complaints declined significantly to 66,319 from 93,973, reflecting efficient operations and network strengthening initiatives.

MUL Mundra Shows Strong Growth

MUL's operations in Mundra demonstrated robust industrial demand with units sold growing 46% year-on-year to 368 million units compared to 253 million units in Q4FY25.

Smart Metering Business Achieves Major Milestone

The smart metering division reached a significant achievement by surpassing its guidance of 1 crore cumulative smart meter installations during Q4FY26. This milestone demonstrates strong operational efficiency and sets new execution benchmarks in the industry.

Recognition and Awards

AESL received multiple recognitions during the quarter, including:

• BBB+ (Stable) long-term foreign currency rating from Japan Credit Rating Agency
• Recognition among India's Top 60 Most Sustainable Companies (IMSC 2024-25)
• Par Excellence Award at INSSAN's 1st National Creativity Summit
• Single-Use Plastic (SUP) Free certification by CII across 64 O&M sites

AEM Mumbai retained its position as India's top-ranked distribution utility for the second consecutive year with a score of 92.5 and an A+ consumer service rating. The company also received rating upgrades to IND AAA (Stable) by India Ratings and CRISIL AAA (Stable) for its proposed NCDs.

Full Year FY26 Performance Highlights

For the full fiscal year FY26, AESL maintained consistent operational excellence with transmission network availability at 99.70% and AEM Mumbai's distribution loss improving to 4.21% from 4.77% in FY25. The consumer base grew to 3.27 million, while collection efficiency remained robust at 100.54%.

Adani Energy Solutions has announced that its Board of Directors will meet on April 23, 2026, to consider and approve the audited financial results for the quarter and year ended March 31, 2026. The announcement was made pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The scheduled board meeting will review both standalone and consolidated audited financial results for Q4FY26 and the full financial year FY26. This formal announcement ensures compliance with regulatory requirements and provides stakeholders with advance notice of the results disclosure.

Trading Window Closure

In accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's Code of Conduct, the trading window for dealing in Adani Energy Solutions securities remains closed from April 1, 2026. The trading window will reopen on April 27, 2026, which is 48 hours after the results are made public.

Investor Engagement

The company has scheduled investor and analyst calls for April 24, 2026, to discuss the financial results for Q4FY26 and FY26, along with business outlook. Detailed information about these calls will be communicated separately and published on the company's website at www.adanienergysolutions.com .

This scheduled disclosure represents standard corporate governance practices, ensuring timely and transparent communication of financial performance to investors, analysts, and regulatory authorities.