Adani Enterprises Limited has announced the incorporation of a new subsidiary company through its wholly owned subsidiary Adani Road Transport Limited. The new entity, MRDP-III Development Limited, was incorporated on December 18, 2023, marking another expansion in the company's infrastructure development portfolio.

Company Structure and Capital Details

The newly incorporated MRDP-III Development Limited has been established with specific capital parameters and ownership structure:

Adani Road Transport Limited, which is a wholly owned subsidiary of Adani Enterprises Limited, holds the majority stake in the new company. The confirmation of incorporation was received by the company on December 18, 2023 at 4:58 pm IST.

Business Objectives and Project Focus

MRDP-III Development Limited has been incorporated specifically for infrastructure development activities. The primary objective of the new subsidiary is to carry on the business of river rejuvenation and environmental improvement projects.

The company will focus on the implementation of the Mithi River Development and Pollution Control Project (Package III). This project covers:

• The stretch from CST Bridge, Kurla to Mahim Causeway
• Vakola River and adjoining areas
• River rejuvenation and environmental improvement initiatives

Current Operational Status

The newly incorporated subsidiary is yet to commence business operations. Key operational details include:

Regulatory Compliance

The incorporation has been disclosed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2023. The transaction does not fall within related party transactions, and no government or regulatory approvals are required for this incorporation.

This incorporation aligns with Adani Enterprises' focus on infrastructure development and environmental improvement projects, particularly in the area of river rejuvenation and pollution control initiatives.

Adani Enterprises has published newspaper advertisements regarding the record date for its first call payment following the successful completion of its ₹24,930.30 crore rights issue. The company issued advertisements on December 19, 2025, in multiple newspapers to inform shareholders about the December 23, 2025 record date for the first call on partly paid-up equity shares.

Newspaper Advertisement Publication

The company published advertisements in three major newspapers to ensure wide circulation and compliance with regulatory requirements. The advertisements appeared in leading national and regional publications to reach all eligible shareholders.

First Call Payment Structure

The first call notice will be sent to eligible shareholders for payment of ₹450.00 per rights equity share, representing 25% of the issue price of ₹1,800.00. The payment structure includes both face value and premium components as detailed below:

Rights Issue Timeline and Regulatory Compliance

The Rights Issue Committee of the Board of Directors had earlier fixed December 23, 2025, as the record date for determining eligible shareholders of partly paid-up equity shares. The company completed the allotment of 13,85,01,687 partly paid-up equity shares on December 11, 2025.

Communication and Exchange Notification

The newspaper advertisement publication was formally communicated to both stock exchanges on December 19, 2025. The company sent copies of the published advertisements to BSE Limited and National Stock Exchange of India Limited, maintaining full transparency in its communication process.

The systematic approach to publishing advertisements in multiple languages and regions demonstrates Adani Enterprises' commitment to ensuring all shareholders are adequately informed about the first call payment requirements and timeline for the rights issue.