Adani Ports & SEZ has successfully raised US$197 million through early tenders in its cash tender offers for two series of Senior Notes, as part of its strategy to improve liability structure. The company announced the early results of its previously announced cash tender offers, providing an update on the response from bondholders ahead of the early tender deadline.

Tender Offer Structure

The company initiated tender offers to purchase for cash up to US$345,137,000 in aggregate principal amount of outstanding 4.0% Senior Notes due 2027 and up to US$150,000,000 in aggregate principal amount of outstanding 3.10% Senior Notes due 2031. The tender offers are being conducted pursuant to a Tender Offer Memorandum dated February 10, 2026.

Early Results and Response

As of the Early Tender Date, which expired at 5:00 p.m. New York time on February 24, 2026, the company received significant response from bondholders:

The combined early tender amount of approximately US$197 million represents nearly 40% of the total maximum acceptance amount across both note series.

Settlement Timeline

Subject to the satisfaction or waiver of conditions set forth in the Tender Offer Memorandum, the Early Settlement Date for notes accepted for purchase at or prior to the Early Tender Date is expected to be on or about February 27, 2026. On this date, the company expects to pay Early Tender Offer Consideration to holders of tendered and accepted notes, plus accrued and unpaid interest up to but excluding the Early Settlement Date.

The tender offers will expire at 5:00 p.m. New York City time on March 11, 2026, unless extended, re-opened, or amended at the company's sole discretion, subject to applicable laws and provisions in the Tender Offer Memorandum.

Professional Services

Adani Ports has engaged Cantor Fitzgerald & Co. and Jefferies Singapore Limited as joint dealer managers for the tender offers. Sodali and Co Ltd. serves as the information and tender agent. The company has established a transaction website at https://projects.sodali.com/adaniports where relevant documents, including the Tender Offer Memorandum, are available.

For media queries, interested parties can contact Mitul Thakkar at mitul.thakkar@adani.com , while investor relations inquiries should be directed to Rahul Agarwal at Rahul.agarwal5@adani.com .

Adani Ports and Special Economic Zone Limited has announced the incorporation of a new step-down subsidiary named Astro Offshore ME Ltd in the United Arab Emirates. The company informed stock exchanges about this corporate development through a regulatory filing under SEBI Listing Regulations.

Subsidiary Structure and Ownership

The incorporation follows a multi-tier subsidiary structure within the Adani Ports ecosystem. Astro Offshore ME Ltd has been established as a wholly owned subsidiary of Astro Offshore PTE Ltd, which itself is a step-down subsidiary of the company. The ownership chain involves Sunrise Worldwide Enterprise Limited, BVI, where The Adani Harbour International DMCC holds an 80% stake.

Business Focus and Operations

The newly incorporated entity will operate in the ships management and operation sector, aligning with Adani Ports' core maritime and logistics business. This specialization indicates the company's strategic focus on expanding its shipping and vessel management capabilities through dedicated subsidiary operations.

Capital Structure

Astro Offshore ME Ltd has been incorporated with an authorized capital structure comprising 50 shares valued at USD 1000 each. This capital arrangement provides the foundation for the subsidiary's operational activities in the UAE market.

Regulatory Compliance

The incorporation was formally communicated to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI Listing Regulations. The company confirmed that no specific governmental or regulatory approvals were required for this incorporation, streamlining the establishment process.