Adani Enterprises Ltd. — Capital/Financing Update 2026

Feb 3, 2026

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February 3, 2026

BSE Limited P J Towers, Dalal Street, Mumbai – 400001.

National Stock Exchange of India Limited Exchange plaza, Bandra-Kurla Complex, Bandra (E), Mumbai – 400051.

Scrip Code: 512599

Scrip Code: ADANIENT

Dear Sir / Madam,

Sub: Statement of deviation or variation for the quarter ended December 31, 2025

Ref: Funds raised through issue of partly paid up equity shares on Rights basis

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended read with SEBI circular no. CIR/CFD/CMD1/162/2019 dated December 24, 2019, we hereby confirm that during the quarter ended December 31, 2025, there was no deviation or variation in the utilisation of proceeds of funds raised through Rights Issue from the objects stated in Letter of Offer dated November 12, 2025.

A statement of deviation or variation, if any, for the quarter ended on December 31, 2025, duly reviewed by the Audit Committee of the Company is enclosed herewith.

Kindly take the above on your records.

Thanking you,

Yours faithfully, For Adani Enterprises Limited Digitally signed by JATINKUMAR JATINKUMAR RAMESHCHANDR RAMESHCHANDRA JALUNDHWALA A JALUNDHWALA Date: 2026.02.03 14:52:51 +05'30' Jatin Jalundhwala Company Secretary & Joint President (Legal) Membership No.: F3064

Encl: As above

Adani Enterprises Limited “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar Ahmedabad 382 421 Gujarat, India CIN: L51100GJ1993PLC019067

Tel + 91 79 2656 5555 Fax + 91 79 2555 5500 investor.ael@adani.com www.adanienterprises.com

Registered Office : “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421

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Statement on Deviation of Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutional Placement, etc.

Name of listed entity		Adani Enterprises Limited
Mode of Fund Raising		~~Public Issues /~~Rights Issues ~~Others~~	~~/ Preferential Issue / QIP /~~
Date of Raising Funds		11thDecember, 2025
Amount Raised		INR 12,465.15 Crores (Refer Note below)
Report filed for Quarter ended		31stDecember, 2025
Monitoring Agency		Applicable
Monitoring Agency Name, if applicable		CARE Ratings Limited
Is there a Deviation / Variation in use of funds raised		No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders		Not Applicable
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation
Comments of the Audit Committee after review		No Comments
Comments of the auditors, if any		No Comments

Objects for which funds have been raised and where there has been a deviation, in the following table

Objects for which funds have been raised and where there has been a deviation, in the following table	Objects for which funds have been raised and where there has been a deviation, in the following table	Objects for which funds have been raised and where there has been a deviation, in the following table	Objects for which funds have been raised and where there has been a deviation, in the following table	Objects for which funds have been raised and where there has been a deviation, in the following table	Objects for which funds have been raised and where there has been a deviation, in the following table	Objects for which funds have been raised and where there has been a deviation, in the following table	Objects for which funds have been raised and where there has been a deviation, in the following table
Original Object	Modified Object, if any	Original Allocation (Rs. In Crores)	Original Allocation as per Share Application Money received (Rs. In Crores)	Modified Allocation (Rs. In Crores)	Funds Utilised (Rs. In Crores)	Amount of Deviati on / Variatio n for the quarter accordi ng to applica ble objects	Rem arks, if any
Repayment / pre-payment, in full or in part, of certain outstanding borrowings availed and perpetual debt instruments issued by our Company and one of our Subsidiaries, Adani Airport Holdings Limited , including the interest accrued thereon.	Not Applicable	18,698.00	12,465.15	Not Applicable	5034.38	Nil
General corporate purposes		6,208.05			3045.18
Issue expenses		24.25			18.00
Total		24,930.30	12,465.15		8,097.56

Adani Enterprises Limited “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar Ahmedabad 382 421 Gujarat, India

Tel + 91 79 2656 5555 Fax + 91 79 2555 5500 investor.ael@adani.com www.adanienterprises.com

CIN: L51100GJ1993PLC019067

Registered Office : “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421

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Deviation or variation could mean:

• a) Deviation in the objects or purposes for which the funds have been raised or

• b) Deviation in the amount of funds actually utilized as against what was originally disclosed or

• c) Change in terms of a contract referred to in the fund raising document i.e. prospectus, letter of offer, etc

Note: The Rights Equity Shares were issued on a partly paid-up basis and an amount of Rs. 900 (i.e. 50% of the Issue Price) per Rights Equity Share has been received on application (of which Rs. 0.50 towards face value of Rights Equity Share and Rs. 899.50 towards premium amount of Rights Equity Share).

The entire money raised by the Company through Rights Issue, during the quarter ended December 31, 2025, has been utilized for the objects as stated in the Letter of Offer dated November 12, 2025 .

Yours faithfully,

For Adani Enterprises Limited Digitally signed by JATINKUMAR JATINKUMAR RAMESHCHANDR RAMESHCHANDRA JALUNDHWALA A JALUNDHWALA Date: 2026.02.03 14:54:35 +05'30' Jatin Jalundhwala Company Secretary & Joint President (Legal) Membership No.: F3064

Adani Enterprises Limited “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar Ahmedabad 382 421 Gujarat, India CIN: L51100GJ1993PLC019067

Tel + 91 79 2656 5555 Fax + 91 79 2555 5500 investor.ael@adani.com www.adanienterprises.com

Registered Office : “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421