Adani Energy Solutions Limited has successfully concluded its postal ballot process, with shareholders demonstrating overwhelming support for two key corporate resolutions. The e-voting process, conducted from January 26, 2026 to February 24, 2026, resulted in both proposed resolutions being passed with substantial majorities.

Postal Ballot Process Overview

The company conducted the postal ballot exclusively through electronic voting, facilitated by Central Depository Services (India) Limited. The e-voting period commenced on Monday, January 26, 2026 at 9:00 a.m. IST and concluded on Tuesday, February 24, 2026 at 5:00 p.m. IST. The postal ballot notice was dated January 22, 2026, and was sent electronically to all eligible shareholders.

Resolution Results

Both resolutions presented to shareholders achieved remarkable approval rates, demonstrating strong shareholder confidence in the company's strategic decisions.

Resolution 1: Independent Director Appointment

The first resolution concerned the appointment of Mr. Anil Ahuja (DIN 00759440) as an Independent Director for a first term of 3 consecutive years commencing from November 29, 2025. This special resolution received exceptional shareholder support.

Resolution 2: Related Party Transaction Modification

The second resolution addressed the approval of material modification in approved material related party transactions between ATL HVDC Limited, a wholly owned subsidiary, and Adani Electricity Mumbai Infra Limited, a subsidiary/related party of the company. This ordinary resolution achieved unanimous approval from voting shareholders.

Scrutinizer Confirmation

Mr. Chirag Shah, Partner at Chirag Shah and Associates (Membership No. 5545 & C.P. No. 3498), served as the appointed scrutinizer for the postal ballot process. In his report dated February 25, 2026, he confirmed that both resolutions were duly passed with the requisite majority as per the Companies Act, 2013 and applicable regulations.

The scrutinizer noted that the company complied with all MCA Circulars and regulatory requirements, including proper electronic dispatch of notices and maintenance of transparent voting procedures. The voting process was conducted in the presence of independent witnesses Mrs. Neha Soni and Mr. Raimeen Maradiya, who are not employed by the company.

Regulatory Compliance

The postal ballot was conducted in accordance with Section 110 of the Companies Act, 2013, and various MCA Circulars issued between 2020 and 2025. The company fulfilled all disclosure requirements under Regulation 44(3) of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The results and scrutinizer's report have been made available on the company's website at www.adanienergysolutions.com and filed with the stock exchanges.

Adani Energy Solutions Limited has announced a significant credit rating upgrade for its material subsidiary, marking a positive development in the company's financial standing. The upgrade was disclosed to stock exchanges on February 21st, 2026, in compliance with regulatory requirements.

Credit Rating Enhancement

Crisil Ratings Limited has upgraded Adani Electricity Mumbai Limited's credit rating, reflecting improved creditworthiness and financial stability. The rating enhancement represents a substantial improvement in the subsidiary's credit profile.

Regulatory Compliance

The disclosure was made under Regulation 30(6) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates companies to inform exchanges about material developments that could impact investor decisions.

Subsidiary Significance

Adani Electricity Mumbai Limited holds the status of a material subsidiary under Adani Energy Solutions Limited. The credit rating upgrade for this key subsidiary reflects positively on the parent company's overall portfolio strength and operational capabilities.

Market Communication

The company has made this information publicly available on its official website at www.adanienergysolutions.com , ensuring transparency and accessibility for all stakeholders. The formal communication was signed by Company Secretary Jaladhi Shukla and submitted to both BSE Limited and National Stock Exchange of India Limited.