Adani Energy Solutions Limited has issued a formal clarification to stock exchanges regarding recent media reports about US regulatory proceedings. The company responded to queries from BSE Limited and National Stock Exchange of India Limited dated January 23, 2026, concerning a media report published the same day.

Media Report Details

The clarification addressed a media report titled "US regulator seeking measures to serve Gautam, Sagar Adani legal summons, Bloomberg reports" published on the CNBC TV18 website on January 23, 2026. The stock exchanges had sought clarification under Regulation 30(11) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Company's Official Response

Adani Energy Solutions Limited provided the following key clarifications:

The company specifically stated that there are no allegations made against it in these proceedings and emphasized that it is not a party to the legal matters mentioned in the media report.

Regulatory Compliance Statement

The company clarified that the content of the media report does not trigger any disclosure requirements under Regulation 30 read with Schedule III of SEBI Listing Regulations. This indicates that the company does not view the reported developments as material events requiring mandatory disclosure to shareholders and the market.

Reference to Previous Communication

Adani Energy Solutions Limited directed the stock exchanges to refer to their previous response dated November 21, 2024, which addressed similar clarification requests on news items appearing in media publications. This suggests the company has previously addressed related matters through formal communications with regulatory authorities.

Document Authentication

The clarification was signed by Jaladhi Shukla, Company Secretary, and digitally authenticated on January 24, 2026. The communication was sent from the company's registered office at Adani Corporate House, Shantigram, Ahmedabad, Gujarat.

Adani Energy Solutions shares experienced a significant downturn in Friday's trading session, falling 8.73% to ₹844.10. The decline was accompanied by high trading volume, with the stock featuring among the top losers on the Nifty Next 50 index.

Financial Performance Overview

The company has demonstrated substantial revenue growth trajectory over the past few years, though profitability has faced headwinds. Consolidated annual revenue showed impressive expansion from ₹9,926.33 crores in 2021 to ₹23,767.09 crores in 2025, representing significant business scaling.

Despite the revenue growth, net profit showed a declining trend, falling from ₹1,289.57 crores in 2021 to ₹921.69 crores in 2025. The return on equity also decreased from 20.10% to 4.80% over the same period, while the debt-to-equity ratio improved from 4.23 to 1.82.

Quarterly Results Analysis

The company's quarterly performance continued to reflect revenue growth momentum. For the quarter ending December 2025, revenue reached ₹6,729.65 crores, compared to ₹5,830.26 crores in December 2024.

Net profit for December 2025 stood at ₹574.06 crores, compared to ₹625.30 crores in the corresponding quarter of the previous year, indicating year-over-year pressure on profitability.

Recent Corporate Developments

Adani Energy Solutions announced several updates on January 22, 2026, including:

• Changes in senior management personnel
• Release of the Monitoring Agency Report for the quarter ended December 31, 2025
• Publication of unaudited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2025

The stock's performance reflects market sentiment amid these corporate developments and financial results. The high trading volume accompanying the price decline suggests significant market participation during the session.