Adani Enterprises Limited has issued final Reminder Notices to holders of partly paid-up equity shares who have not yet remitted the First Call and/or Second and Final Call money under its rights issue. The Rights Issue Committee of the Board of Directors, at its meeting held on Wednesday, May 13, 2026 — which commenced at 5:00 PM and concluded at 5:25 PM — approved the dispatch of these Reminder Notices, marking the last opportunity for eligible shareholders to fulfil their payment obligations before potential forfeiture of shares. The Company completed the dispatch of the Reminder Notice on Friday, May 15, 2026. Further to this, the Company published advertisements on May 16, 2026 in leading national and regional newspapers, notifying shareholders of the pending payment obligations.

Newspaper Advertisements Published

In continuation of its May 13, 2026 intimation, Adani Enterprises issued and published advertisements on May 16, 2026 regarding the Reminder Notice for payment of pending First Call Money (if any) and Second and Final Call Money. The advertisements were carried across the following publications:

Jai Hind was selected as Gujarati is the regional language of Ahmedabad, where the Company's Registered Office is situated.

Background and Call Money Structure

The rights issue was conducted pursuant to the Letter of Offer dated November 12, 2025. The Board of Directors had approved the payment schedule, including the period of payment of Calls, at its meeting dated November 11, 2025. Subsequently, the Rights Issue Committee had intimated the opening of the issue period for the First Call and the Second and Final Call at its meetings dated December 17, 2025 and February 9, 2026, respectively. The key financial parameters of the calls are summarised below:

Two Categories of Reminder Notices

The Committee approved two distinct Reminder Notices. The First Call and Second and Final Call Reminder Notice is addressed to shareholders who have not paid either or both of the call amounts. The Second and Final Call Reminder Notice is directed at shareholders who have paid the First Call but have outstanding Second and Final Call money. Both notices carry the same payment deadline and are accompanied by detailed instructions and payment slips.

Prior to this final reminder, the Company had issued a First Call notice dated December 26, 2025, along with a corrigendum dated January 3, 2026, followed by a Reminder cum Second and Final Call Notice dated February 16, 2026. An additional reminder was also sent via email dated March 12, 2026 for outstanding First Call Money and/or Second and Final Call Money, as applicable.

Payment Window and Accepted Modes

The payment period for both calls is open from Monday, May 18, 2026 to Wednesday, June 10, 2026 — a window of 24 days (both days inclusive). Shareholders are required to make payment exclusively through cheque(s) or demand draft(s); cash payments will not be accepted. Part payments will be treated as non-payment and may render the shares liable to forfeiture. The cheque or demand draft must be drawn in favour of the appropriate account as indicated below:

Payments are to be submitted along with the duly filled payment slip at designated branches of State Bank of India across multiple cities including Ahmedabad, Bangalore, Baroda, Chandigarh, Chennai, Delhi, Ernakulam, Hyderabad, Jaipur, Kerala, Kolkata, Mumbai, Pune, Rajkot, and Surat, on or before Wednesday, June 10, 2026.

Consequences of Non-Payment and Share Conversion

Shareholders who fail to make the requisite payment by the deadline face significant consequences. The company is entitled to deduct from any future dividend payable to such shareholders all sums outstanding on account of calls. More critically, the partly paid-up equity shares — including amounts already paid thereon — may be liable to forfeiture in accordance with the Companies Act, 2013, the Articles of Association of the Company, and the Letter of Offer. However, where a payment is received that is less than the aggregate amount due, the Board or a duly authorised Committee may consider converting a proportionate lower number of Rights Equity Shares to fully paid-up status.

Post-Payment Credit and Registrar Details

Upon receipt of the outstanding call money, the Rights Equity Shares of ₹1/- each will be credited under the existing ISIN INE423A01024 and are estimated to be available for trading within three weeks from the last date of payment, i.e., Wednesday, June 10, 2026. Shareholders residing at locations without a State Bank of India collection centre may send their payment by registered post or speed post to the Registrar and Transfer Agent — MUFG Intime India Private Limited (formerly Link Intime India Private Limited), C-101, 1st Floor, Embassy 247, L.B.S. Marg, Vikhroli (West), Mumbai – 400083, Maharashtra, India (Tel: +91 810 811 4949), ensuring receipt on or before the deadline. The Reminder Notices, detailed instructions, and payment slips are available on the Company's website at www.adanienterprises.com and on the RTA's website at www.in.mpms.mufg.com . Shareholders may also seek clarifications on the payment of Call Money by calling +91 8108114949 (operational Monday to Friday, 10 AM to 5 PM) or by emailing adanienterprises.callmoney@in.mpmfs.mufg.com .

Adani Enterprises Limited has entered into a settlement agreement dated May 14, 2026 with the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC), agreeing to pay $275,000,000 to resolve allegations pertaining to apparent violations of Iran-related sanctions. The settlement was formally announced by OFAC through an Enforcement Release dated May 18, 2026, and was disclosed to Indian stock exchanges under Regulation 30 of the SEBI Listing Regulations.

Settlement Overview

The company has undertaken to pay the settlement amount of $275,000,000 to OFAC. This figure was mitigated from the maximum statutory penalty of $384,208,088. The settlement was entered into without admitting the allegations made by OFAC. The key details of the settlement are summarised below:

Basis for Penalty Mitigation

OFAC mitigated the penalty from the maximum statutory amount on account of the following factors:

• Adani Enterprises Limited (AEL) had not received a penalty notice or Finding of Violation from OFAC in the five years preceding the earliest date of the relevant transactions underlying this settlement.
• AEL's nascent liquified petroleum gas (LPG) business represented less than 1.5% of AEL's consolidated revenue for 2025, constituting a small percentage of AEL's overall revenue.
• AEL provided substantial cooperation to OFAC during its investigations.
• AEL undertook remedial measures and implemented certain additional compliance commitments.

Nature of Alleged Violations

The matter originated following the company's voluntary engagement with OFAC concerning allegations contained in a WSJ Article dated June 2, 2025. The company had, through its counsel, proactively made a presentation to OFAC and cooperated in its investigations.

According to OFAC's findings, from November 2023 to June 2025, the company had purchased shipments of LPG from a Dubai-based trader and its affiliates purporting to supply Omani and Iraqi gas. During this period, the company caused U.S. financial institutions to process 32 U.S. dollar denominated payments totalling approximately $192,104,044 for the shipments.

OFAC determined that red flags should have put AEL on notice that the LPG actually originated from Iran. OFAC further determined that the company did not voluntarily self-disclose the apparent violations of Iran-related sanctions and that the apparent violations constitute an egregious case.

Regulatory Disclosure

The disclosure was made to BSE Limited and the National Stock Exchange of India Limited on May 18, 2026, in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was signed by Jatin Jalundhwala, Company Secretary & Joint President (Legal), on behalf of Adani Enterprises Limited. The company noted that this update follows its earlier response dated June 2, 2025 and a subsequent update on February 10, 2026.