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 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.