Adani Energy Solutions Limited has announced the incorporation of a new step-down subsidiary, Atnolt Global IFSC Limited, as a fully owned subsidiary. This strategic move expands the company's corporate structure and positions it for enhanced global treasury operations.

Company Structure and Capital Details

The newly incorporated entity has been established with specific parameters designed for its intended operations:

Business Objectives and Regulatory Framework

Atnolt Global IFSC Limited has been incorporated specifically to carry out activities as a Global Treasury Centre. It is expected to operate under the IFSCA (Finance Company) Regulations, 2021, which governs financial companies operating within India's International Financial Services Centres, providing a structured environment for treasury operations.

Strategic Implications

The establishment of Atnolt Global IFSC Limited represents Adani Energy Solutions' strategic expansion into specialized financial services through its subsidiary structure. The Global Treasury Centre model may allow for centralized treasury management functions while operating under the regulatory environment of the International Financial Services Centre Authority.

This corporate development aligns with the company's broader organizational structure, potentially adding a specialized financial services component to its existing energy and transmission operations. The subsidiary's incorporation could position Adani Energy Solutions to access global financial markets and services, enhancing its capabilities in international financial operations.

Power Finance Corporation subsidiary PFC Consulting Limited has completed the transfer of its fully owned subsidiary KPS III HVDC Transmission Limited to Adani Energy Solutions for ₹20.33 crore. The transaction was completed on December 12, 2025, as disclosed in the company's regulatory filing under Regulation 30 of SEBI Listing Regulations.

Transaction Execution Details

The transaction involves a complete ownership transfer of KPS III HVDC Transmission Limited from PFC Consulting to Adani Energy Solutions. The deal represents the successful completion of the bidding process for the transmission infrastructure project.

Strategic Project Profile

KPS III HVDC Transmission Limited was established specifically for the development of transmission system for evacuation of power from potential renewable energy zone in Khavda area of Gujarat under Phase-V (8GW): Part C. The project forms part of the broader renewable energy infrastructure development in the region.

Regulatory and Transaction Framework

The successful bidder, Adani Energy Solutions Limited, does not belong to the promoter or promoter group of Power Finance Corporation. The transaction does not fall within the purview of related party transactions and is not classified as a slump sale under regulatory definitions.

Compliance and Valuation

The consideration for the sale and transfer of the Special Purpose Vehicle has been determined in accordance with guidelines issued by the Ministry of Power, Government of India. The transaction has been disclosed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance.