Adani Ports Completes NQXT Australia Acquisition with Enhanced FY26 Guidance

Adani Ports & SEZ has successfully completed its acquisition of North Queensland Export Terminal (NQXT) Australia, marking a significant milestone in the company's expansion strategy. The acquisition was finalized through the allotment of equity shares on a preferential basis, following approval from shareholders and regulatory authorities. The company has simultaneously revised its FY26 financial guidance upward, reflecting the enhanced operational capacity from this strategic acquisition.

Share Allotment Details

The Finance Committee of the Board of Directors approved the allotment of 14,38,20,153 equity shares of face value ₹2.00 each to Carmichael Rail and Port Singapore Holdings Pte Ltd. This allotment was made on a preferential basis for consideration other than cash, representing the total non-cash consideration for acquiring 100% of the ordinary share capital of Abbot Point Port Holdings Pte. Ltd.

Parameter:	Before Allotment	After Allotment
Number of Shares:	21,60,13,89,45	23,03,95,90,98
Share Value (₹2 face value):	₹43,20,27,78,90	₹46,07,91,81,96

The newly allotted equity shares rank pari passu with existing equity shares of the company, providing equal rights and privileges to the holders.

Enhanced Financial Guidance for FY26

Following the successful completion of the NQXT acquisition, APSEZ has significantly enhanced its financial projections for FY26. On a pro forma basis, the company has raised its EBITDA guidance to ₹22,350-23,350 crores from the previous range of ₹21,000-22,000 crores. Additionally, cargo volume targets have been increased to 545-555 MMT from the earlier projection of 505-515 MMT.

Metric:	Previous Guidance	Revised Guidance
FY26 EBITDA:	₹21,000-22,000 Cr	₹22,350-23,350 Cr
Cargo Volume:	505-515 MMT	545-555 MMT

During FY25, NQXT demonstrated strong performance with a contracted capacity of 40.00 million tonnes and delivered A$ 228.00 million EBITDA. On a pro forma basis, NQXT represents 6.00% and 7.00% of APSEZ's FY25 revenue and EBITDA respectively.

Strategic Asset Acquisition

NQXT is a natural deep-water, multi-user export terminal with a nameplate capacity of 50.00 million tonnes per annum. Located in the Port of Abbot Point in North Queensland, the terminal operates under a long-term lease from the Queensland government with 85 years remaining until 2110. The terminal serves as a critical export gateway for producers in the resource-rich Bowen and Galilee basins, with approximately 88.00% of cargo shipped to Asian countries during FY25.

Parameter:	Details
Terminal Capacity:	50.00 million tonnes per annum
Lease Duration:	85 years remaining until 2110
Asian Market Share:	88.00% of FY25 cargo

Operational Excellence and Growth Impact

NQXT maintains exceptional operational and sustainability credentials with zero FY25 reportable environmental incidents and zero fatalities. The terminal demonstrates strong community engagement with 21.00% female workforce participation and 5.00% Aboriginal and Torres Strait Islander representation. The acquisition reinforces APSEZ's position as India's largest Integrated Transport Utility, operating 15 strategically located ports and terminals across India's coastlines with a current cargo handling capacity of 633.00 million tonnes per annum.

Parameter:	Details
Local Procurement:	50.00% of FY25 goods and services
Economic Contribution:	Over A$ 10.00 billion to Queensland's GSP
Employment Generation:	8,000 jobs across mining and industries

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.05%	+0.54%	+0.57%	+7.54%	+26.40%	+212.26%

Life Insurance Corporation of India (LIC) has disclosed a substantial reduction in its shareholding in Adani Ports & SEZ , filing the disclosure under SEBI's regulatory framework for substantial acquisitions and takeovers.

Shareholding Reduction Details

LIC's stake in the port infrastructure company decreased from 9.35% to 7.34% of the total share capital. The reduction occurred through market sales conducted over an extended period from November 1, 2022, to December 10, 2025.

Parameter	Details
Shares Sold	38,904,223
Percentage Sold	2.01%
Transaction Mode	Market Sale
Transaction Period	November 1, 2022 - December 10, 2025

Current Shareholding Position

Following the market transactions, LIC's updated shareholding position in Adani Ports reflects a significant but still substantial stake in the company.

Shareholding Status	Before Transaction	After Transaction
Total Shares Held	197,526,194	158,621,971
Percentage Holding	9.35%	7.34%
Equity Share Capital	₹2,16,01,19,894.00	₹2,16,01,19,894.00

Regulatory Compliance

The disclosure was made in accordance with Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. LIC filed the mandatory disclosure as it continues to hold more than 5% shares in the listed company, requiring ongoing compliance with substantial shareholding disclosure norms.

The insurance corporation provided comprehensive details including its multiple Depository Participant IDs (DPIDs), Client IDs, and PAN number (AAACL0582H) as part of the regulatory filing. The disclosure was simultaneously submitted to both NSE and BSE, where Adani Ports shares are listed.

Market Implications

Despite the reduction, LIC remains a significant institutional investor in Adani Ports & SEZ with its 7.34% shareholding. The transactions were conducted through open market sales over the specified period, representing a strategic portfolio adjustment by India's largest life insurance company.