Adani Enterprises Limited has officially filed its quarterly deviation statement for Q3FY26 with BSE Limited and National Stock Exchange of India Limited on February 3, 2026, confirming no deviation or variation in the utilization of rights issue proceeds from the stated objectives. Company Secretary & Joint President (Legal) Jatin Jalundhwala submitted the formal statement in compliance with SEBI Regulation 32 and related circular requirements.

Rights Issue Fund Utilization and Compliance

The rights issue, completed on December 11, 2025, involved partly paid-up equity shares with a total planned value of Rs. 24,930.30 crore. During Q3FY26, the company received Rs. 12,465.15 crore and utilized Rs. 8,097.56 crore according to the stated objectives in the Letter of Offer dated November 12, 2025.

Regulatory Filing Details and Monitoring Agency Confirmation

CARE Ratings Limited, serving as the appointed monitoring agency, confirmed that all fund utilization aligned with the disclosures in the offer document. The formal deviation statement submitted to both stock exchanges confirms that during the quarter ended December 31, 2025, there was no deviation or variation in fund utilization from the objects stated in the Letter of Offer.

Fund Allocation Breakdown and Implementation Status

The detailed breakdown shows Rs. 5,034.38 crore was utilized for repayment of outstanding borrowings and perpetual debt instruments of the company and its subsidiary Adani Airport Holdings Limited. General corporate purposes consumed Rs. 3,045.18 crore, while issue expenses accounted for Rs. 18.00 crore.

Audit Committee Review and Regulatory Compliance

The deviation statement, duly reviewed by the company's Audit Committee, received no comments, indicating satisfactory compliance with stated objectives. The rights equity shares were issued on a partly paid-up basis with Rs. 900 per share received on application, representing 50% of the issue price. The company confirmed that the entire money raised during Q3FY26 has been utilized for objects as stated in the Letter of Offer dated November 12, 2025.

Adani Enterprises ' subsidiary Adani Defence has announced a strategic partnership with Leonardo, the Italian aerospace and defence company, to develop helicopter ecosystem capabilities in India. This collaboration marks a significant milestone in the company's expansion into the aerospace and defence manufacturing sector.

Strategic Partnership Details

The partnership between Adani Defence and Leonardo focuses on establishing a comprehensive helicopter ecosystem development program. Leonardo brings decades of expertise in helicopter design, manufacturing, and technology, while Adani Defence contributes its infrastructure capabilities and understanding of the Indian market.

Significance for Defence Manufacturing

This partnership aligns with India's push for self-reliance in defence manufacturing and the government's Make in India initiative. The collaboration is expected to enhance domestic capabilities in helicopter technology and potentially reduce dependence on imports for critical defence equipment.

Company Positioning

For Adani Enterprises, this partnership through its defence subsidiary represents continued diversification into strategic sectors beyond its traditional infrastructure and energy businesses. The move positions the company as a key player in India's growing defence manufacturing landscape.

The collaboration with Leonardo, a globally recognized leader in aerospace and defence technology, provides Adani Defence with access to advanced helicopter technologies and manufacturing expertise, potentially accelerating its growth in the defence sector.