Adani Enterprises Limited has issued a correction to its earlier regulatory disclosure regarding a Share Purchase Agreement executed by its wholly owned subsidiary. The company has clarified that the agreement date between Adani Defence Systems & Technologies Ltd (ADSTL) and Punj Lloyd Aviation Ltd (PLAL) was February 28, 2026, not March 1, 2026 as previously stated.

Transaction Correction Details

The correction was communicated to stock exchanges on March 2, 2026, through a formal regulatory filing. The company referenced its original intimation dated March 1, 2026, which contained the incorrect execution date for the Share Purchase Agreement.

Regulatory Compliance Framework

The correction disclosure has been made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was submitted to both BSE and NSE to ensure accurate record-keeping across all trading platforms.

Corporate Structure Context

This correction pertains to ADSTL's strategic transaction with Punj Lloyd Aviation Ltd, representing the subsidiary's continued expansion in the defence sector. As a wholly owned subsidiary of Adani Enterprises, ADSTL's agreements require proper disclosure under regulatory frameworks to maintain transparency with stakeholders and stock exchange compliance.

The prompt correction demonstrates Adani Enterprises' commitment to accurate regulatory reporting and maintaining proper disclosure standards. The company has requested stock exchanges to update their records with the corrected information to ensure all documentation reflects the accurate transaction timeline.

Adani Enterprises Limited announced that its wholly owned subsidiary, Adani Road Transport Limited (ARTL), has successfully completed the acquisition of a 49% shareholding in Sree Vishwa Varadhi Private Limited (SVVPL) on February 17, 2026. The transaction was executed through subscription to fresh equity shares, marking a strategic expansion in the road infrastructure sector. The company received information about the completion at 03:19 PM IST on February 17, 2026.

Acquisition Details

The acquisition involved ARTL subscribing to 9,607 equity shares of INR 10 each in SVVPL, issued at par value. The transaction structure and key parameters are outlined below:

Target Company Profile

Sree Vishwa Varadhi Private Limited was incorporated on September 15, 2025, under the Companies Act, 2013. The company was established specifically to undertake a significant infrastructure project in Bihar state.

Strategic Rationale

The acquisition aligns with ARTL's strategic objective of expanding and strengthening its presence in the roads sector. The transaction provides ARTL with participation in a hybrid annuity model project, which represents a significant infrastructure development initiative in Bihar.

Key strategic benefits include:

• Enhanced presence in Bihar's road infrastructure market
• Participation in government-backed infrastructure projects
• Expansion of ARTL's project portfolio in the roads sector
• Access to hybrid annuity model projects

Regulatory Framework

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 disclosure was also made pursuant to SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The transaction received necessary approval from Bihar State Road Development Corporation Limited, ensuring regulatory compliance for the infrastructure project.

ARTL retains an option to acquire additional stake in SVVPL, subject to obtaining further regulatory approvals. The acquisition does not constitute a related party transaction, as confirmed in the regulatory disclosure.

Future Prospects

The completed acquisition positions ARTL to participate directly in Bihar's road infrastructure development through the J.P. Ganga Path extension project. The hybrid annuity model provides a structured framework for project execution and revenue generation, supporting ARTL's broader infrastructure development strategy.