Adani Enterprises Ltd. NCD Issue

Adani Enterprises, a part of the Adani Group, is one of India’s leading energy and infrastructure companies. It is among India’s largest listed business incubators and focuses on building businesses in four key sectors: energy and utilities, transportation and logistics, primary industries, and specialty businesses.

Key Business Activities:

• Energy and Utilities: Manufacturing solar and wind equipment, producing renewable power, green hydrogen, and converting it into products like green ammonia, urea, and fertilizers for India and export markets.
• Transport and Logistics: The company operates and manages seven airports in major Indian cities, including Mumbai and Ahmedabad, and recently opened the Navi Mumbai International Airport in October 2025. The company also develops road infrastructure and currently owns 17 road projects across India, including a ropeway.
• Primary Industry: Mining services such as contract mining and coal management for customers mainly in coal and iron ore. The company manages coal supply from global sources and ensures timely delivery in India. Its portfolio includes 16 mining service contracts and eight commercial mining projects in India and overseas.

Since 1993, the company has grown them into strong and independent companies, including Adani Ports, Adani Power, Adani Energy Solutions, Adani Green Energy, Adani Total Gas, and AWL Agri Business. As of September 30, 2025, the Adani Group’s total market value was about Rs 13,585 billion.

The Company proposes to utilise the Net Proceeds towards the funding of the following objects:

• Prepayment or repayment, in full or in part, of the existing indebtedness availed by the Company; and
• General corporate purposes.