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 officially announced the record date for its first call payment following the successful completion of its ₹24,930.30 crore rights issue. The Rights Issue Committee of the Board of Directors, in its meeting held on December 17, 2025, approved and fixed Tuesday, December 23, 2025, as the record date for determining eligible shareholders of partly paid-up equity shares who will receive the first call notice.

Rights Issue Committee Decision

The committee meeting, which commenced at 8:00 p.m. and concluded at 8:20 p.m. on December 17, 2025, formalized the record date announcement in compliance with Regulation 30 and 42 of the SEBI Listing Regulations. This follows the earlier Board approval on November 11, 2025, which established the payment schedule for the rights issue calls.

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 Allotment Details

The company had previously completed the allotment of 13,85,01,687 partly paid-up equity shares of face value ₹1.00 each on rights basis to eligible shareholders and renouncees on December 11, 2025. The rights issue followed a structured timeline with the first call payment period scheduled from January 12, 2026, to January 27, 2026.

Regulatory Compliance and Communication

The record date announcement has been communicated to both BSE Limited (Scrip Code: 512599) and National Stock Exchange of India Limited (Scrip Code: ADANIENT) in accordance with regulatory requirements. This intimation was issued under Regulation 30 and 42 of the SEBI Listing Regulations, ensuring full transparency and compliance with listing obligations.

The successful progression of the rights issue from subscription through allotment to the first call record date demonstrates Adani Enterprises' systematic approach to capital raising activities, providing the company with substantial financial resources for its strategic business initiatives.