Adani Enterprises has completed the conversion of 137.47 million partly paid shares to fully paid shares following the receipt of Second and Final Call Money, as announced in a regulatory filing dated March 19, 2026.

Share Conversion Details

The Rights Issue Committee of the Board of Directors approved the conversion at its meeting held on March 19, 2026. The conversion involves transforming 13,74,74,268 partly paid-up equity shares that were 75% paid-up into fully paid-up equity shares of face value ₹ 1.00 each.

Rights Issue Context

This conversion relates to the company's Rights Issue and follows previous communications dated February 9, 2026 and February 17, 2026 regarding the Second and Final Call on partly paid-up equity shares. The conversion is being undertaken specifically for Call Monies received through the ASBA (Application Supported by Blocked Amount) facility.

Corporate Action Impact

The conversion of partly paid shares to fully paid status represents completion of the payment obligations under the Rights Issue framework. This corporate action affects the company's total paid-up share capital and provides clarity on the equity structure following the rights offering process.

Regulatory Compliance

The announcement was made under Regulation 30 to both BSE Limited and National Stock Exchange of India Limited, ensuring compliance with disclosure requirements for material corporate actions. The filing was digitally signed by Jatin Jalundhwala, Company Secretary & Joint President (Legal), confirming the authenticity of the corporate action.

Adani Enterprises has received approval from the National Company Law Tribunal (NCLT) Ahmedabad for its composite scheme, marking a significant regulatory milestone for the diversified conglomerate.

Regulatory Approval Details

The NCLT Ahmedabad has granted its approval for the composite scheme proposed by Adani Enterprises. This approval is a crucial step in the implementation of the company's corporate restructuring plans.

Corporate Restructuring Significance

The approval of the composite scheme represents an important development in Adani Enterprises' corporate governance and operational framework. NCLT approvals for composite schemes typically facilitate business reorganization and structural optimization within corporate entities.

This regulatory clearance enables the company to proceed with the implementation of its proposed composite scheme, which forms part of its broader corporate strategy and operational restructuring initiatives.