Adani Enterprises Limited has announced a significant divestment by its wholly owned subsidiary, marking a strategic restructuring within the group. The company disclosed that Adani Agri Fresh Limited (AAFL) has completed the sale of its entire 50% stake in Vishakha Industries Private Limited (VIPL) on March 31, 2026.

Transaction Details

The divestment transaction was completed with comprehensive financial and operational parameters as outlined in the regulatory filing:

Financial Profile of Vishakha Industries

Vishakha Industries Private Limited demonstrated modest financial performance in the previous financial year:

Related Party Transaction

The transaction represents a related party deal within the Adani group structure. Adani Properties Private Limited, the acquiring entity, belongs to the promoter and promoter group of Adani Enterprises Limited. The company has confirmed that the transaction was undertaken on an arm's length basis, ensuring compliance with regulatory requirements.

Corporate Impact

Following the completion of this divestment, Vishakha Industries Private Limited has ceased to be an associate company of Adani Agri Fresh Limited. The 50% stake now rests with Adani Properties Private Limited, representing an internal reorganization within the broader Adani group ecosystem.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction does not fall under any scheme of arrangement and was completed as a straightforward stake sale between group entities.

Adani enterprises has announced the incorporation of a new step-down wholly owned subsidiary in the UAE, marking another expansion in its international operations. The company received confirmation of ADANI METALS AND MINERALS FZCO's incorporation on March 31, 2026, at 02:28 PM IST.

Subsidiary Structure and Ownership

The newly incorporated entity, ADANI METALS AND MINERALS FZCO (AMAMF), operates as a wholly owned subsidiary of Adani Global FZE, which itself is a UAE-based step-down wholly owned subsidiary of Adani Enterprises. This structure maintains 100% control within the Adani group while establishing a focused trading entity in the UAE market.

Business Focus and Operations

AMAMF will engage in comprehensive trading operations across multiple metal and mineral categories. The subsidiary's business scope encompasses:

• Trading of pearls and precious stones
• Jewelry trading operations
• Non-manufactured precious metal transactions
• Scrap and waste metal trading
• Metal ores commerce
• Basic non-ferrous metal trading

Financial Structure

The incorporation details reveal a straightforward capital structure designed for operational efficiency:

Regulatory Compliance

Adani Enterprises has fulfilled its disclosure obligations under Regulation 30 of SEBI Listing Regulations, providing comprehensive details about the incorporation to both BSE and NSE. The company confirmed that no specific governmental or regulatory approvals were required for this incorporation, streamlining the establishment process.

Strategic Positioning

The establishment of AMAMF represents Adani Enterprises' continued focus on diversifying its trading operations through international subsidiaries. The UAE location provides strategic access to regional and global metal and mineral markets, potentially enhancing the group's trading capabilities in these sectors.

The incorporation was formally communicated to stock exchanges through proper regulatory channels, with Company Secretary & Joint President (Legal) Jatin Jalundhwala signing the official notification on March 31, 2026.