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 successfully conducted its Extra Ordinary General Meeting (EGM) on January 2, 2026, addressing critical corporate governance matters through video conferencing facilities. The meeting, held in compliance with SEBI regulations, focused on key strategic decisions for the renewable energy company.

Key Resolutions Approved

The EGM addressed two significant resolutions that required shareholder approval:

The re-appointment of Mr. Dinesh Kanabar as an Independent Non-Executive Director represents continuity in the company's board composition, extending his tenure for another three-year period. The approval of material related party transactions with Jash Energy Private Limited demonstrates the company's strategic business planning for the upcoming financial years.

E-Voting Process and Participation

Adani Green Energy implemented comprehensive e-voting facilities to ensure maximum shareholder participation. The company provided remote e-voting access from Monday, December 29, 2025 (9:00 a.m.) to Thursday, January 1, 2026 (5:00 p.m.), allowing shareholders sufficient time to cast their votes on the proposed resolutions.

The meeting was conducted entirely through Video Conferencing (VC) and Other Audio Video Means (OAVM) facilities, reflecting the company's commitment to digital governance practices. Shareholders who attended the EGM through video conferencing and had not previously cast their votes were also provided with e-voting facilities during the meeting.

Regulatory Compliance and Documentation

The EGM proceedings were conducted in strict adherence to regulatory requirements under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also complied with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/2023/120 dated July 11, 2023, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.

The complete proceedings of the EGM have been made available on the company's website at www.adanigreenenergy.com , along with video recordings of the meeting. The company has indicated that detailed voting results as required under Regulation 44(3) of the SEBI Listing Regulations will be submitted separately to the stock exchanges.

Corporate Communication

Company Secretary Pragnesh Darji signed and submitted the official communication to both BSE Limited and The National Stock Exchange of India Limited, ensuring compliance with disclosure requirements. The formal documentation was digitally signed on January 2, 2026, at 12:42:32 +05'30', demonstrating the company's commitment to timely regulatory reporting and transparency in corporate governance matters.