Adani Enterprises Limited (AEL) has announced a significant development in its airport business segment. The company's wholly-owned subsidiary, Adani Airport Holdings Limited (AAHL), has incorporated a new entity named Adani Airport City Limited (AACL) on December 6, 2025. This move marks a strategic expansion in AEL's airport-related operations, focusing on city-side development projects.

Key Details of the New Subsidiary

Business Focus

AACL has been established with a specific focus on airport-related infrastructure development. The company's primary objectives include:

• Designing
• Developing
• Financing
• Constructing
• Operating
• Maintaining structures on airport land parcels

These activities will be centered around areas earmarked for city-side development at various airport locations.

Strategic Implications

This incorporation signifies Adani Enterprises' commitment to expanding its presence in the airport infrastructure sector. By creating a dedicated entity for city-side development, AEL is positioning itself to capitalize on the growing opportunities in airport-adjacent real estate and infrastructure projects.

Financial Aspects

As AACL is newly incorporated, it is yet to commence business operations. Consequently, there is no turnover to report at this stage.

Regulatory Compliance

AEL has informed the stock exchanges about this development, in compliance with the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company received information about the incorporation on December 8, 2025, at 12:30 pm and promptly disclosed it to ensure transparency with its investors.

This strategic move by Adani Enterprises, through its subsidiary AAHL, underscores the group's continued focus on diversifying and strengthening its presence in the infrastructure sector, particularly in airport-related developments.

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.