Adani Green Energy Limited has incorporated a new step-down subsidiary company to expand its renewable energy operations. The company announced the formation of Adani Ecogen Five Limited (AE5L) on January 01, 2026, with the certificate of incorporation received on January 02, 2026.

Subsidiary Structure and Ownership

The new subsidiary has been incorporated through Adani Renewable Energy Holding Eleven Limited (AREH11L), which is a wholly-owned subsidiary of Adani Green Energy Limited. AREH11L holds 100% of the share capital in AE5L, making it a step-down subsidiary of the parent company.

Financial Structure

AE5L has been established with a modest capital structure as it prepares to enter the renewable energy sector. The company is yet to commence business operations and currently reports nil turnover.

Business Objectives and Focus

The primary objective of AE5L is to operate in the renewable energy sector with a comprehensive approach to power generation and distribution. The subsidiary will focus on generating, developing, transforming, distributing, transmitting, selling, and supplying electrical energy using sustainable sources.

The company's renewable energy focus includes:

• Wind energy generation
• Solar energy projects
• Other renewable sources of energy
• Power transmission and distribution
• Energy trading and supply

Registration and Compliance

AE5L has been incorporated in India and is registered with the Registrar of Companies, Gujarat at Ahmedabad. The incorporation falls under the renewable energy sector, specifically focusing on generation of power using renewable sources of energy. The company has fulfilled all regulatory requirements for incorporation and is positioned to begin operations in the renewable energy space.

This strategic move aligns with Adani Green Energy Limited's expansion in the renewable energy sector and demonstrates the company's commitment to developing sustainable energy solutions through its subsidiary network.

Adani Green Energy Limited has officially filed comprehensive voting results with BSE and NSE following its Extraordinary General Meeting held on January 2, 2026. The regulatory filing, submitted under Regulation 44(3) of SEBI Listing Regulations, confirms strong shareholder support for key corporate governance decisions made during the video conference meeting.

Official Regulatory Filing Details

Company Secretary Pragnesh Darji submitted the complete voting results and scrutinizer report to both stock exchanges on January 2, 2026. The filing includes detailed documentation of the e-voting process managed by National Securities Depository Limited (NSDL) and the consolidated scrutinizer report prepared by Ravi Kapoor of Ravi Kapoor & Associates.

Resolution-wise Voting Outcomes

The EGM addressed two critical resolutions with markedly different participation patterns due to regulatory requirements for promoter group abstention in related party transactions:

Shareholder Category Participation Analysis

The detailed voting breakdown reveals distinct participation patterns across shareholder categories, particularly highlighting the impact of regulatory restrictions on promoter group voting:

The promoter group's complete abstention from Resolution 2 reflects compliance with regulatory requirements for related party transactions, while public institutional investors maintained consistent high participation across both resolutions.

E-Voting Process and Timeline

The comprehensive e-voting process was conducted through NSDL's platform with specific timelines established for maximum shareholder participation:

Scrutinizer Certification and Compliance

Independent scrutinizer Ravi Kapoor submitted a comprehensive consolidated report confirming the integrity of the entire voting process. The scrutinizer's report, prepared pursuant to Section 108 of the Companies Act, 2013, validates all voting results and confirms compliance with regulatory requirements.

All documentation, including the complete voting results and scrutinizer report, has been uploaded on the company's website at www.adanigreenenergy.com and NSDL's e-voting portal. The filing ensures complete transparency in corporate governance practices and regulatory compliance for the renewable energy company.