Adani Energy Solutions subsidiary, Adani Electricity Mumbai Limited (AEML), has successfully executed a strategic debt reduction move by repurchasing $44.7 million of its senior secured notes. This buyback is part of the company's ongoing efforts to strengthen its financial position and optimize its capital structure.

Debt Reduction Details

AEML has repurchased and cancelled $44.66 million of its $300 million 3.867% Senior Secured Notes due 2031. This transaction has reduced the outstanding principal amount of these notes to $255.34 million. The buyback was funded through the company's internal cash flows, demonstrating AEML's strong cash generation capabilities and financial flexibility.

Part of a Larger Strategy

This recent buyback is not an isolated event but part of AEML's broader capital management plan. The company has been actively managing its liabilities:

• In November 2023, AEML completed a $120 million tender offer.
• In June 2025, it executed a $49.5 million open market repurchase under its $1,000 million 3.949% Senior Secured Notes due 2030.

Financial Implications

The series of debt reduction moves highlights AEML's commitment to maintaining a robust balance sheet. By reducing its outstanding debt, the company is likely aiming to:

1. Lower its interest expenses
2. Improve its debt-to-equity ratio
3. Enhance its financial flexibility for future growth opportunities

Future Outlook

AEML has indicated that it may consider further liability management exercises, subject to market conditions. These potential actions could lead to a material reduction in outstanding debt across various maturities, further strengthening the company's financial position.

About Adani Electricity Mumbai Limited

AEML is an integrated business focusing on power transmission and retail electricity distribution. As a subsidiary of Adani Energy Solutions Ltd, it operates the largest and most efficient power distribution network in India. The company serves over 3 million consumers across 400 sq. km. in Mumbai and its suburbs, meeting a power demand of close to 2,000 MW with a 99.99% reliability rate.

This debt repurchase move by AEML underscores the Adani Group's focus on financial prudence and strategic capital management in its energy business segment.

Adani Energy Solutions Ltd , a key player in India's energy sector, has announced the incorporation of a new wholly owned subsidiary, marking a strategic expansion of its business operations.

New Subsidiary Details

Adani Energy Solutions has established 'Adani Energy Solutions Step-Fourteen Limited' as its latest wholly owned subsidiary. The incorporation was confirmed through an MCA (Ministry of Corporate Affairs) intimation received by the company on September 2, at approximately 3:00 p.m. IST.

Corporate Structure and Financials

The newly formed subsidiary, Adani Energy Solutions Step-Fourteen Limited, has been incorporated with the following initial financial structure:

Business Focus

Adani Energy Solutions Step-Fourteen Limited has been categorized under the Electric Utilities industry. The company's primary objectives include:

• Transmission of power
• Distribution of power
• Supply of power
• Other infrastructure services related to power

This strategic move aligns with Adani Energy Solutions' core business in the energy sector, potentially strengthening its position in power transmission and distribution.

Regulatory Compliance

The incorporation of the new subsidiary adheres to the regulatory requirements, with the company making the necessary disclosures as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency and keeps stakeholders informed about significant corporate developments.

Future Outlook

While the newly incorporated entity is yet to commence business operations, its establishment signals Adani Energy Solutions' intent to expand its footprint in the electric utilities sector. The move could potentially enhance the company's capabilities in power transmission, distribution, and related infrastructure services.

As Adani Energy Solutions continues to grow its portfolio, the industry will be watching how this new subsidiary contributes to the company's overall strategy in the Indian energy market.