Adani Energy Solutions Limited (AESL) has taken a significant step in expanding its presence in the electric utilities sector by incorporating three new wholly owned subsidiary companies. The move, announced on August 4, 2025, marks AESL's strategic push into key regions of Maharashtra.

New Subsidiaries

The newly formed subsidiaries are:

1. Adani Electricity Kalyan Dombivli Limited (AEKDL)
2. Adani Electricity Pune Limited (AEPL)
3. Adani Electricity Vidharbha Limited (AEVL)

All three companies were incorporated on August 4, 2025, and have been registered with the Registrar of Companies, Gujarat at Ahmedabad.

Financial Structure

Each subsidiary has been established with an identical financial structure:

Equity Shares have been acquired at a face value of Rs. 10.00 each through cash consideration.

Business Objectives

The primary objective of these subsidiaries is to carry out a range of electricity-related activities, including:

• Production
• Generation
• Conversion
• Transformation
• Transmission
• Processing
• Storing
• Supply
• Distribution of electricity

Current Status

It's important to note that all three companies are yet to commence their business operations and currently have no turnover. The incorporation of these subsidiaries does not fall under related party transactions and requires no governmental or regulatory approvals.

Strategic Implications

This move by Adani Energy Solutions Limited suggests a focused approach to expand its electricity business in Maharashtra. The creation of separate entities for Kalyan-Dombivli, Pune, and Vidarbha regions indicates a targeted strategy to address the specific needs and opportunities in these areas.

Disclosure and Compliance

AESL has made this disclosure in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided detailed information about the incorporations to both the BSE Limited and the National Stock Exchange of India Limited.

As Adani Energy Solutions Limited continues to expand its footprint in the electric utilities sector, these new subsidiaries may play a crucial role in the company's future growth and market presence in Maharashtra's key urban and regional centers.

Adani Energy Solutions Limited (AESL) has announced the incorporation of three new wholly owned subsidiaries, marking a significant expansion in its organizational structure. The company, a key player in the Indian energy sector, has established these entities to strengthen its presence in various regions of the country.

New Subsidiaries

The three newly incorporated subsidiaries are:

1. Adani Electricity Kalyan Dombivli Limited (AEKDL)
2. Adani Electricity Pune Limited (AEPL)
3. Adani Electricity Vidharbha Limited (AEVL)

All three subsidiaries were registered with the Registrar of Companies, Gujarat at Ahmedabad.

Corporate Structure and Capitalization

Each of the new subsidiaries has been incorporated with an authorized and paid-up share capital of Rs. 1.00 lakh. Adani Energy Solutions Limited holds 100% ownership in each of these entities, acquiring equity shares at a face value of Rs. 10.00 each.

Business Focus

The newly formed subsidiaries are set to operate in the electric utilities sector. According to the company's disclosure, these entities have been established to carry out various aspects of the electricity business, including:

• Production
• Generation
• Conversion
• Transformation
• Transmission
• Processing
• Storing
• Supply
• Distribution of electricity

Strategic Implications

This move by Adani Energy Solutions suggests a strategic expansion of its operations into specific regions of Maharashtra:

• Kalyan-Dombivli: A major urban conglomeration in the Mumbai Metropolitan Region
• Pune: One of Maharashtra's largest cities and an important industrial and educational hub
• Vidarbha: A region in eastern Maharashtra known for its agricultural and industrial significance

The creation of these subsidiaries indicates AESL's intent to potentially increase its market presence and service capabilities in these areas.

Current Status

As of now, all three subsidiaries are yet to commence their business operations. The company has stated that no governmental or regulatory approvals were required for the incorporation of these entities.

Disclosure and Compliance

Adani Energy Solutions Limited made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made to both the BSE Limited and the National Stock Exchange of India Limited.