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 expanded its data center portfolio through its joint venture, Adani Connex Private Limited (ACX), with the incorporation of a second wholly owned subsidiary in Hyderabad. The company announced the formation of Adani ConneX Hyderabad Two Limited (ACXHTL), marking continued growth in its data center business operations.

Latest Subsidiary Formation

The new subsidiary was incorporated on December 3, 2025, with confirmation received by the company on December 12, 2025. This represents the second data center subsidiary established in Hyderabad, following the earlier formation of Adani ConneX Hyderabad Three Limited.

Strategic Positioning

Through ACX, Adani Enterprises indirectly holds a 50.00% stake in ACXHTL. The subsidiary has been registered with the Registrar of Companies, Ahmedabad, and is positioned to strengthen the company's presence in India's growing data center market.

Business Objectives and Operations

The primary business objectives of ACXHTL include:

• Construction of data center facilities
• Development of data center infrastructure
• Operation of data centers

The company is yet to commence business operations, having just completed the incorporation process. The establishment of this second Hyderabad-based subsidiary demonstrates Adani Enterprises' commitment to expanding its data center footprint in key IT hubs across India.

Regulatory Compliance

The incorporation has been disclosed under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring full regulatory compliance. The formation does not fall under related party transactions and requires no additional governmental or regulatory approvals for completion.

With the increasing demand for digital infrastructure in India, Adani Enterprises' strategic expansion through multiple data center subsidiaries positions the company to capitalize on the growing market opportunities in the sector.