Adani Ports & SEZ has announced a dual change in its senior management, with Pranav Choudhary ceasing as CEO-Ports effective May 31, 2026, and Niraj Bansal being appointed as CEO-Ports effective June 1, 2026. The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition

Pranav Choudhary's departure from the role of CEO-Ports is attributed to his decision to pursue career opportunities outside the Adani Group. Niraj Bansal steps into the position on a full-time employment basis. The key details of both changes are outlined below:

Profile of Incoming CEO-Ports

Niraj Bansal brings an extensive background spanning both public service and the private sector. He is a former Indian Revenue Service (IRS) officer with over 27 years of service with the Government of India, having taken voluntary retirement as Commissioner of Income Tax. He subsequently served as Deputy Chairman and Chairman-in-charge of Jawaharlal Nehru Port Trust (JNPT) from 2014 to 2019, during which JNPT achieved record performance, including handling 66 million metric tonnes of cargo in FY 2017-18—the highest since the port's inception.

Bansal joined the Adani Group in October 2022 and has since held senior leadership roles within the organisation. His key positions within the group are summarised below:

Key Takeaways

• Pranav Choudhary ceases as CEO-Ports of Adani Ports & SEZ effective May 31, 2026, to pursue opportunities outside the Adani Group.
• Niraj Bansal is appointed CEO-Ports effective June 1, 2026, on a full-time employment basis.
• Bansal is a former IRS officer with over 27 years of government service and previously served as Chairman-in-charge of JNPT from 2014 to 2019.
• He joined the Adani Group in October 2022 and has served as CEO of Hazira Port and CEO of New Port Project Development, Maharashtra.

The changes were communicated to stock exchanges by Company Secretary Kamlesh Bhagia on May 11, 2026, in compliance with SEBI Listing Regulations.

Adani Ports & SEZ has announced a substantial fleet expansion plan, targeting an investment of up to ₹13,000 crore to grow its maritime operations over the coming years. The company intends to scale its vessel fleet from the current 136 to approximately 200 vessels by 2031, underscoring its commitment to strengthening its shipping and logistics capabilities.

Fleet Expansion at a Glance

The following table outlines the key parameters of Adani Ports' announced fleet expansion plan:

A Major Step in Maritime Growth

The planned investment of up to ₹13,000 crore represents a significant capital commitment by Adani Ports to expand its fleet by approximately 64 additional vessels. This expansion is aimed at bolstering the company's presence across maritime trade routes and enhancing its end-to-end logistics network. Growing the fleet to about 200 vessels by 2031 positions the company to handle increased cargo volumes and meet the evolving demands of India's port and shipping sector.