Adani Energy Solutions Limited (AESL) has issued a postal ballot notice seeking shareholder approval for incremental amounts in material related party transactions. The company aims to enhance transaction limits for its wholly-owned subsidiary, Powerpulse Trading Solutions Limited (PTSL), with related parties Adani Power Limited (APL) and Mahan Energen Limited (MEL) for the fiscal year 2025-26.

Proposed Transaction Limits

The company is seeking approval for the following incremental amounts:

Nature of Transactions

These transactions involve power trading activities where PTSL, holding a power trading license from the Central Electricity Regulatory Commission (CERC), will facilitate power sales on a merchant basis at market-discovered prices. The power trading activity aligns with the provisions of the Electricity Act, 2003, and prevailing CERC regulations.

Justification for Enhanced Limits

The company states that the approval for incremental amounts is being sought due to increased volume for supply of power in the merchant market through PTSL to APL and MEL. AESL asserts that the margin charged by PTSL is within the range provided under CERC regulations, ensuring that the transactions are on an arm's length basis and in the ordinary course of business.

Financial Implications

For the fiscal year 2024-25, PTSL's transactions with APL and MEL for power trading amounted to Rs. 2,265.28 crore and Rs. 632.95 crore, respectively. In the current fiscal year, up to September 30, 2025, these transactions have already reached Rs. 5,167.98 crore with APL and Rs. 1,625.06 crore with MEL.

Voting Details

The voting period for this postal ballot runs from November 8, 2025, to December 7, 2025, with voting restricted to electronic mode only. The results will be announced within two working days from the conclusion of the e-voting period.

Corporate Governance Measures

The Audit Committee has reviewed and approved the proposed incremental amounts, noting that the transactions shall be on an arm's length basis and in the ordinary course of business. The company has also affirmed that all necessary information for informed decision-making has been provided to shareholders, with only commercially sensitive information being redacted.

Shareholders of Adani Energy Solutions Limited are advised to review the detailed information provided in the postal ballot notice before casting their votes on these material related party transactions.

RSWM Ltd, a flagship company of the LNJ Bhilwara Group and a leading textile manufacturer, has taken a significant step towards sustainability by partnering with Adani Energy Solutions Ltd (AESL) for green energy supply. This collaboration marks a crucial milestone in RSWM's commitment to environmental responsibility and operational efficiency.

Key Highlights of the Partnership

• Green Energy Supply: AESL will provide 60 MW of renewable energy to RSWM's multiple plant locations.
• Investment: RSWM has invested ₹260.00 crores under the Group Captive Scheme with a renewable genco.
• Annual Green Power: The project aims to supply 31.53 crore units of green power annually.
• Renewable Energy Contribution: RSWM's renewable energy usage will increase from 33% to 70% of its total energy requirements.

Impact on RSWM's Sustainability Goals

This partnership represents a significant leap in RSWM's sustainability journey. By sourcing 70% of its total energy requirement from renewable sources, RSWM is setting a new benchmark in the industry, surpassing the national average of 31% clean energy mix in India.

Mr. Riju Jhunjhunwala, Chairman, Managing Director and CEO of RSWM Ltd, emphasized the company's long-term vision, stating, "This achievement underscores our long-term vision to align growth with sustainability and reinforce our position as a forward-looking industrial leader."

Financial and Operational Benefits

The collaboration is expected to enhance RSWM's long-term energy security and operational efficiency while significantly reducing its carbon footprint. Mr. Rajeev Gupta, Joint Managing Director of RSWM Ltd, highlighted the financial aspect of the initiative, mentioning an equity investment of ₹60.00 crores towards this sustainability milestone.

AESL's Role and Future Plans

Adani Energy Solutions, as part of the Adani portfolio, will manage the entire green power value chain for RSWM's additional power requirements. This aligns with AESL's goal of expanding its Commercial & Industrial (C&I) portfolio to 7,000 MW over the next five years.

Mr. Kandarp Patel, CEO of Adani Energy Solutions Ltd, expressed enthusiasm about the partnership, stating, "This collaboration is a testament to the scalability and impact of renewable power in strengthening industrial growth while ensuring sustainability."

Conclusion

This partnership between RSWM and AESL exemplifies the growing trend of industries prioritizing sustainable practices. By significantly increasing its reliance on renewable energy, RSWM is not only reducing its environmental impact but also positioning itself as a leader in sustainable manufacturing within the textile industry.

As more companies follow suit, such initiatives are likely to play a crucial role in India's transition towards a more sustainable and environmentally responsible industrial sector.