Adani Enterprises has submitted the Monitoring Agency Report for the quarter ended June 30, 2026, to the stock exchanges pursuant to Regulation 32(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Regulation 162A(4) of SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018. The report, prepared by CARE Ratings Limited and reviewed by the company's Audit Committee, pertains to the utilisation of proceeds from the Rights Issue of 13,85,01,687 equity shares aggregating to Rs. 24,930.30 crore. The issue was open during November 25, 2025 to December 11, 2025.

Rights Issue Overview

The Rights Issue was undertaken to meet specific financial objectives as outlined in the Offer Document. The total issue size and its allocation across stated objects are summarised below:

The Monitoring Agency confirmed that all government and statutory approvals related to the objects of the issue are in place, and there has been no change in the means of finance for the disclosed objects.

Quarter-wise Fund Receipt and Utilisation

The Monitoring Agency report provides a detailed quarter-wise breakdown of funds received and utilised since the issue. The cumulative progress as at the end of Q1FY27 is as follows:

As at the end of Q1FY27, the total amount utilised stood at Rs. 24,874.26 crore against the proposed amount of Rs. 24,930.30 crore, with no unutilised balance remaining. An amount of Rs. 56.04 crore is yet to be received in the monitoring account, of which Rs. 32.80 crore has been received in allotment and call accounts pending corporate actions, and Rs. 23.24 crore remains unpaid.

Object-wise Progress in Q1FY27

The utilisation during Q1FY27 across the three stated objects is detailed below:

Repayment and pre-payment of outstanding borrowings availed by the company and its subsidiary, Adani Airport Holdings Limited, including interest accrued thereon, have been completed as per the timeline stated in the Offer Document. General Corporate Purposes utilisation is ongoing, while issue-related expenses have also been fully deployed.

General Corporate Purpose Utilisation Breakdown

Of the Rs. 751.22 crore utilised towards General Corporate Purposes during Q1FY27, the Monitoring Agency provided the following sub-category details:

The Board of Directors noted that there are no deviations and that the funds utilised to date have been deployed for the purposes stated in the Offer Document.

Monitoring Agency Findings

CARE Ratings Limited confirmed that there is no deviation from the objects of the issue, and the range of deviation is not applicable. The Monitoring Agency also confirmed the absence of any major deviations over earlier monitoring agency reports, no favorable or unfavorable events affecting the viability of the objects, and no information that could materially affect investor decision-making. The details in the report have been verified by M/s Shah Dhandharia & Co. LLP vide its Chartered Accountant certificate dated July 27, 2026. The report was submitted to the exchanges on July 29, 2026, by Company Secretary & Joint President (Legal), Jatin Jalundhwala.

Adani Enterprises has formally rejected media reports alleging plans related to the airline sector, categorically calling the claims unfounded. The company's denial represents a direct response to circulating reports that it has deemed inaccurate and without factual basis.

Company's Official Stance

Adani Enterprises issued a clear rebuttal to the media claims, stating that the reports regarding airline plans are unfounded. The company's position reflects a firm rejection of the narrative being presented in certain media outlets.

Context of the Denial

The company's response comes in the wake of media coverage that attributed certain airline-related plans to Adani Enterprises. By publicly rejecting these claims, the company has sought to set the record straight and clarify its position with respect to the reported developments. Such corporate clarifications are a standard mechanism through which listed companies address what they consider to be inaccurate or misleading information in the public domain.