Adani Ports and Special Economic Zone Limited has announced the incorporation of a new step-down subsidiary named Astro Offshore ME Ltd in the United Arab Emirates. The company informed stock exchanges about this corporate development through a regulatory filing under SEBI Listing Regulations.

Subsidiary Structure and Ownership

The incorporation follows a multi-tier subsidiary structure within the Adani Ports ecosystem. Astro Offshore ME Ltd has been established as a wholly owned subsidiary of Astro Offshore PTE Ltd, which itself is a step-down subsidiary of the company. The ownership chain involves Sunrise Worldwide Enterprise Limited, BVI, where The Adani Harbour International DMCC holds an 80% stake.

Business Focus and Operations

The newly incorporated entity will operate in the ships management and operation sector, aligning with Adani Ports' core maritime and logistics business. This specialization indicates the company's strategic focus on expanding its shipping and vessel management capabilities through dedicated subsidiary operations.

Capital Structure

Astro Offshore ME Ltd has been incorporated with an authorized capital structure comprising 50 shares valued at USD 1000 each. This capital arrangement provides the foundation for the subsidiary's operational activities in the UAE market.

Regulatory Compliance

The incorporation was formally communicated to BSE Limited and National Stock Exchange of India Limited in compliance with Regulation 30 of SEBI Listing Regulations. The company confirmed that no specific governmental or regulatory approvals were required for this incorporation, streamlining the establishment process.

Adani ports & sez has successfully completed a significant fundraising exercise, raising Rs 1,000 crore through the allotment of non-convertible debentures on February 23, 2026. This private placement represents a strategic move by the ports and logistics major to strengthen its financial position and support future growth initiatives.

Debenture Allotment Details

The company allotted 1,00,000 non-convertible debentures with specific characteristics designed to attract institutional investors. The Finance Committee meeting that approved this allotment commenced at 11:30 a.m. and concluded at 12:00 noon on February 23, 2026.

NCD Characteristics

The non-convertible debentures carry several investor-friendly features that enhance their attractiveness in the debt market:

• Rated: The debentures have received credit ratings, providing transparency on credit quality
• Listed: Will be traded on BSE's Wholesale Debt Market segment
• Secured: Backed by company assets, offering additional security to investors
• Redeemable: Will be repaid at maturity after the 5-year tenure

Regulatory Compliance

Adani Ports and Special Economic Zone Limited has fulfilled all regulatory requirements for this fundraising exercise. The company had previously provided intimation about this fundraising plan on May 22, 2025, demonstrating proper advance disclosure to stakeholders. The allotment information has been made available on the company's official website at www.adaniports.com , ensuring transparency and accessibility for all stakeholders.

Market Positioning

This successful fundraising exercise demonstrates the company's ability to access debt capital markets effectively. The 5-year tenure provides Adani Ports and Special Economic Zone Limited with long-term funding flexibility, while the private placement route allows for efficient capital raising without the complexities of a public offering. The listing on BSE's Wholesale Debt Market segment will provide liquidity options for institutional investors.