Adani Enterprises Limited has announced the incorporation of a new wholly owned step-down subsidiary through its joint venture, marking another expansion in the power transmission sector. The company informed stock exchanges on February 16, 2026, about the formation of Navi Mumbai Power Transmission Limited (NMPTL) by AdaniConneX Private Limited (ACX).

Corporate Structure and Ownership

The new subsidiary has been established with a clear ownership structure and defined capital base. NMPTL was incorporated as a wholly owned subsidiary by an existing subsidiary of ACX, which is a joint venture of Adani Enterprises. The company received confirmation about this incorporation on February 16, 2026 at 1:26 pm.

Business Objectives and Operations

NMPTL has been established to carry out the business of electric power generation and transmission. The company operates in the power transmission industry, aligning with Adani Enterprises' broader energy sector focus. Currently, NMPTL has yet to commence business operations and reports nil turnover.

Regulatory Compliance and Filing Details

The incorporation announcement was made in compliance with Regulation 30 of SEBI Listing Regulations and relevant SEBI circulars. The disclosure includes comprehensive details about the new entity as required by regulatory frameworks. The official communication was sent to both BSE Limited and National Stock Exchange of India Limited with respective scrip codes 512599 and ADANIENT.

Strategic Implications

The formation of NMPTL represents Adani Enterprises' continued expansion in the power sector through its joint venture structure. With ACX serving as the vehicle for this incorporation, the company maintains its strategic approach to power transmission investments while sharing risks and opportunities through joint venture partnerships.

The new subsidiary's focus on power generation and transmission aligns with India's growing energy infrastructure needs. As NMPTL prepares to commence operations, it will contribute to the broader Adani group's presence in the power transmission segment. The document was officially signed by Jatin Jalundhwala, Company Secretary & Joint President (Legal), confirming the formal establishment of this new entity.

Adani Enterprises Limited has successfully completed the acquisition of 100% stake in Indamer Technics Private Limited (ITPL) through its step-down subsidiary Horizon Aero Solutions Limited (HASL). The company informed stock exchanges on February 13, 2026, that the acquisition has been finalized, making ITPL a step-down subsidiary of Adani Enterprises.

Acquisition Details

The acquisition represents a significant strategic move for Adani Enterprises as it expands into the aerospace maintenance, repair and overhaul (MRO) sector. The transaction was structured as a cash deal following the share purchase agreement executed on August 11, 2025.

Target Company Profile

Indamer Technics Private Limited stands as one of India's leading private sector MRO companies, specializing in aircraft maintenance, repair and overhaul services. The company operates from a state-of-the-art 30-acre facility located in the MIHAN SEZ in Nagpur, providing comprehensive MRO services to leading Indian and global customers.

Financial Performance

ITPL has demonstrated strong revenue growth over the past three years, showcasing the robust demand for aircraft MRO services in the Indian market.

Strategic Rationale

The acquisition aligns with Adani Enterprises' strategy to expand its footprint in the Aircraft Services & MRO industry. This move positions the company to capitalize on the growing aviation sector in India and the increasing demand for aircraft maintenance services. The transaction builds upon the initial share purchase agreement that was executed on August 11, 2025.

Regulatory Compliance

The acquisition has been completed in compliance with SEBI Listing Regulations, specifically Regulation 30 read with Para A of Part A of Schedule III. The company has provided comprehensive disclosure as required under SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. No additional governmental or regulatory approvals were required for the completion of this acquisition. The intimation was received by the company on February 13, 2026 at 7:51 p.m.