Adani Enterprises has expanded its data center portfolio through its joint venture, Adani Connex Private Limited (ACX), with the incorporation of a second wholly owned subsidiary in Hyderabad. The company announced the formation of Adani ConneX Hyderabad Two Limited (ACXHTL), marking continued growth in its data center business operations.

Latest Subsidiary Formation

The new subsidiary was incorporated on December 3, 2025, with confirmation received by the company on December 12, 2025. This represents the second data center subsidiary established in Hyderabad, following the earlier formation of Adani ConneX Hyderabad Three Limited.

Strategic Positioning

Through ACX, Adani Enterprises indirectly holds a 50.00% stake in ACXHTL. The subsidiary has been registered with the Registrar of Companies, Ahmedabad, and is positioned to strengthen the company's presence in India's growing data center market.

Business Objectives and Operations

The primary business objectives of ACXHTL include:

• Construction of data center facilities
• Development of data center infrastructure
• Operation of data centers

The company is yet to commence business operations, having just completed the incorporation process. The establishment of this second Hyderabad-based subsidiary demonstrates Adani Enterprises' commitment to expanding its data center footprint in key IT hubs across India.

Regulatory Compliance

The incorporation has been disclosed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance. The formation does not fall under related party transactions and requires no additional governmental or regulatory approvals for completion.

With the increasing demand for digital infrastructure in India, Adani Enterprises' strategic expansion through multiple data center subsidiaries positions the company to capitalize on the growing market opportunities in the sector.

Adani Enterprises subsidiary Adani Airport Holdings Limited (AAHL) has completed a significant divestment in its food and beverage business. The company has sold a 25% stake in World Plate Collective Cuisines Limited (WPCCL) to AJ Holding Limited, a UAE-based food and beverage company.

Transaction Details

Ownership Structure Post-Transaction

The transaction, which was completed on December 2, 2025, has altered the ownership structure of WPCCL. AAHL now holds 75% of the equity shares, while AJ Holding owns the remaining 25%.

About AJ Holding Limited

AJ Holding Limited is described as a non-promoter entity with a significant presence in the food and beverage industry. The company's portfolio includes:

• Restaurant operations
• Cloud kitchens
• Coffee ventures

AJ Holding operates directly or through franchise partnerships across the UAE and India, managing over 15 proprietary F&B brands.

Financial Impact

According to the LODR data provided, WPCCL reported nil turnover for FY 2024-25 and had a negative net worth of Rs. 9.54 lakhs as of March 31, 2025.

This strategic move by Adani Airport Holdings Limited appears to be part of its portfolio management strategy, potentially allowing it to focus on its core airport operations while bringing in a specialized partner for its food and beverage subsidiary.

The transaction underscores the dynamic nature of the Adani Group's business operations and its willingness to forge partnerships in diverse sectors.