Adani Green Energy Limited's promoter group has submitted a formal declaration to stock exchanges confirming that no new encumbrances were created on their shareholdings during the financial year ended March 31, 2026. The declaration was filed under Regulation 31(4) of SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011.

Promoter Group Shareholding Structure

The promoter group collectively holds a significant stake in the renewable energy company, with their combined shareholding details as of March 31, 2026:

Key Individual Holdings

Among individual promoters, the shareholding pattern includes:

• Rahi Rajeshkumar Adani: 1,00,000 shares (0.01%)
• Vanshi Rajesh Adani: 1,00,000 shares (0.01%)
• Gautam Shantilal Adani: 1 share (0.00%)
• Rajesh Shantilal Adani: 1 share (0.00%)

Several promoter group entities, including Adani Properties Pvt Ltd, Gautam S. Adani Family Trust, and multiple investment companies, currently hold zero shares in the company.

Regulatory Compliance Declaration

S.B. Adani Family Trust, acting as the representative entity, confirmed that no promoter group member created any encumbrance over their Adani Green Energy shares during FY26. The declaration specifically states that any encumbrances that existed were already disclosed during the financial year under relevant SEBI regulations.

The formal declaration was digitally signed by an authorized signatory on April 3, 2026, and submitted to both the National Stock Exchange of India Limited and Bombay Stock Exchange Limited, ensuring full regulatory compliance with substantial shareholding disclosure requirements.

Adani Green Energy has announced the outcome of its board meeting held on April 24, 2026, where directors approved audited financial results for Q4FY26 and made several key governance appointments. The company reported strong operational performance with 34% growth in energy sales alongside significant organizational changes. Following the board meeting, the company has also released audio recordings and official transcript of the analysts and investors call pertaining to the audited financial results.

Financial Results Approval

The board meeting, which commenced at 11:00 a.m. and concluded at 01:30 p.m., approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Joint statutory auditors M/s. S R B C & Co. LLP and M/s. Dharmesh Parikh & Co. LLP issued unmodified audit opinions on the financial results.

The company's operational portfolio powers more than 8.7 million homes and avoids approximately 36 million tonnes of CO2e emissions annually.

Earnings Call Transcript Publication

On April 28, 2026, Adani Green Energy officially published the transcript of its FY26 earnings call with equity investors, moderated by Mr. Sudhanshu Bansal from JM Financial Institutional Securities Limited. The transcript, signed by Company Secretary Pragnesh Darji, is available on the company's website and provides comprehensive details of the management discussion held on April 24, 2026.

During the earnings call, Executive Director Sagar Adani highlighted that the company achieved the highest greenfield annual capacity addition globally by any company outside China, adding 5.1 GW during the year.

Strategic Development Plans

The management outlined ambitious expansion plans during the earnings call, focusing on both renewable energy capacity and energy storage solutions.

The company's Khavda renewable energy project continues to progress with 9.4 GW operational capacity, including 1.4 GWh of battery capacity, representing one of the world's largest single-location battery energy storage projects. Management indicated that 14-15 GW of additional evacuation capacity will open up in Khavda over the next 12-15 months.

Financial Guidance and Economics

During the earnings call, management provided detailed guidance on capital expenditure and battery storage economics. The company is guiding capex of around INR 40,000 to 42,000 crore for the coming year. For battery storage, the capital cost is approximately INR 1.5 crores per megawatt hour, with expected EBITDA of about INR 25 lakhs per megawatt hour.

The company reported an EBITDA loss of approximately INR 1,300 to 1,500 crores in FY26 due to curtailment and lower merchant power realizations. However, management expects this to be alleviated over the next 1-2 years with better contracting visibility and lower curtailment.

Board and Leadership Changes

The board approved the reappointment of three independent directors for second terms, subject to shareholder approval:

Significant changes were also made to the audit structure and senior management, with new appointments effective from the 11th Annual General Meeting scheduled on June 25, 2026.

Credit Rating and Recognition

Adani Green Energy received an inaugural rating of JCR BBB+ with stable outlook from Japan Credit Agency, equivalent to India's sovereign credit rating. The company also secured ESG 1+ rating from CareEdge with the highest score of 87.3 by any company in the country and was recognized in Energy Intelligence Group's Top 100 Green Utilities.

Source: None/Company/INE364U01010/254149e82f7943f1.pdf