Adani Enterprises Limited has successfully completed the acquisition of 100% stake in Indamer Technics Private Limited (ITPL) through its step-down subsidiary Horizon Aero Solutions Limited (HASL). The company informed stock exchanges on February 13, 2026, that the acquisition has been finalized, making ITPL a step-down subsidiary of Adani Enterprises.

Acquisition Details

The acquisition represents a significant strategic move for Adani Enterprises as it expands into the aerospace maintenance, repair and overhaul (MRO) sector. The transaction was structured as a cash deal following the share purchase agreement executed on August 11, 2025.

Target Company Profile

Indamer Technics Private Limited stands as one of India's leading private sector MRO companies, specializing in aircraft maintenance, repair and overhaul services. The company operates from a state-of-the-art 30-acre facility located in the MIHAN SEZ in Nagpur, providing comprehensive MRO services to leading Indian and global customers.

Financial Performance

ITPL has demonstrated strong revenue growth over the past three years, showcasing the robust demand for aircraft MRO services in the Indian market.

Strategic Rationale

The acquisition aligns with Adani Enterprises' strategy to expand its footprint in the Aircraft Services & MRO industry. This move positions the company to capitalize on the growing aviation sector in India and the increasing demand for aircraft maintenance services. The transaction builds upon the initial share purchase agreement that was executed on August 11, 2025.

Regulatory Compliance

The acquisition has been completed in compliance with SEBI Listing Regulations, specifically Regulation 30 read with Para A of Part A of Schedule III. The company has provided comprehensive disclosure as required under SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. No additional governmental or regulatory approvals were required for the completion of this acquisition. The intimation was received by the company on February 13, 2026 at 7:51 p.m.

Adani Enterprises Limited has announced the incorporation of a new power distribution subsidiary through its joint venture, marking another expansion in the company's energy portfolio. The company received confirmation of this development on February 13, 2026, at 02:17 pm.

New Subsidiary Formation

AdaniConneX Private Limited (ACX), a joint venture of Adani Enterprises, has incorporated a wholly owned subsidiary named Navi Mumbai Power Distribution Limited (NMPDL). The new entity was officially incorporated on February 12, 2026, and has been registered with the Registrar of Companies, Ahmedabad.

Business Focus and Operations

NMPDL has been established to carry out the business of electric power generation and distribution. The company operates in the power distribution industry and is positioned to contribute to India's growing energy infrastructure needs.

Key operational details include:

• Industry Focus: Power Distribution
• Business Objective: Electric power generation and distribution
• Operational Status: Yet to commence business operations
• Geographic Presence: India

Ownership Structure

Through its joint venture ACX, Adani Enterprises indirectly holds a 50% stake in NMPDL. This ownership structure allows the parent company to maintain significant influence over the subsidiary's strategic direction while leveraging the joint venture framework.

Regulatory Compliance

The incorporation has been disclosed in compliance with Regulation 30 of SEBI Listing Regulations and relevant SEBI circulars. The company has confirmed that no governmental or regulatory approvals are required for this incorporation, and no cash consideration or share swap arrangements were involved in the formation process.

Strategic Implications

This development represents Adani Enterprises' continued expansion in the power sector, complementing its existing energy and infrastructure portfolio. The formation of NMPDL through the joint venture structure demonstrates the company's strategic approach to entering new markets while managing operational risks through partnerships.