A report on Adani Enterprise Limited

1. Enterprise History & Background :

1.1 Establishment :

The Adani EnterprisesLimited(AEL) was incorporated on 2 march 1993 under the name
Adani Exports Limited. Adani Enterprises Limited the flagship company of Adani Group
is one of the fastest growing diversified businesses providing an extensive range of
products and services.

1.2 Original & current Promoters :

No promoters

1.3 Business Group or Business Family to which it belongs:

Adani Enterprises Limited, the flagship company of the Adani Group has been driven by
the philosophy of incubating stellar infrastructural asset catering to underserved sectors of
India. It’s diversified portfolio is broadly split into energy & utilities, transport &
logistics and emerging businesses.

Since the Company’s listing in 1994, it has maximised value for stakeholders, while
contributing to nation building. Adani Enterprises Limited is presently focused on
businesses related to airports, roads, water management, data centers, solar
manufacturing, defence and aerospace, edible oils and foods, mining, integrated resource
solutions and integrated agri products.

• Mining Services:Electricity is an essential tool to empower humanity in the rapidly

growing world. While evolved conglomerates such as the Adani Group have taken a
leap in promoting environment friendly solar and wind power, coal remains the
dominant fuel for 1.25 billion strong population of India.
• Solar Manufacturing : Incubating India’s solar dream through Adani Solar, Adani
Enterprises has set up the country’s first and largest vertically integrated Solar
Photovoltaic Manufacturing and EPC business in Mundra Special Economic Zone
(SEZ). 

• Road , Metro and Rail :To contribute towards Nation Building and Infrastructure
development, the Company intends to tap the opportunities in the road, metro & rail
sector by developing national highways, expressways, tunnels, metro-rail, railways,
etc.

Adani Group has a successful track record of nurturing businesses in the

Infrastructure Sector. The group has developed several railway lines in India and
abroad. Adani owns the longest private railway lines spanning about 300 km in India.
These private rail lines are connected to our ports, mines and other business hubs to
ensure seamless cargo movement.

• Airports : The future airports will be places where people want to be and not just a
place where a person goes for transportation. With this belief and drawing from the
strengths of the Adani Group’s experience in the integrated infrastructure and
transportation businesses, Adani Enterprises Ltd. (AEL) ventured into the airports
sector in 2019. Given India’s potential to become the 3rd largest global aviation
market by 2025 and limitations of the existing aviation infrastructure of our nation,
the company incubated theAdani Airportsbusiness, in line with its core philosophy
of responsible nation-building.

• Integrated Resources Management :In our endeavour towards fulfilling the gap in the
availability of coal at thermal power plants of India and to meet coal needs of the
nation, we ventured into coal management in 1999. It was one of the urgent needs of
an emerging economy. At the same time the country needed richer coal to regulate the
 impact of dwindling fossil fuels on the economy. We delivered our first rake of
imported coal to Suratgarh thermal power station.

Data Center : As India’s internet economy continues to be on a surge, as there is an

increasing need to build requisite datacentre to ensure seamless uninterrupted data
consumption and storage.

The growing smartphone subscribers with rising monthly mobile data traffic, coupled
with rising broadband penetration and increasing digital transactions per year, will create
an enormous need to collect, store, process and distribute data.

1.4 Vision-Mission-Philosophy – Values-Quality Policy:

Vision : “To be a world class leader in businesses that enrich lives and contribute to
nations in building infrastructure through sustainable value creation.”

Mission : “ To create and disseminate knowledge in infrastructure .To Develop next

generation professionals. To Impact practice through industry engagement and continuing
education for preactitioners.

1.5 Brief profiles of the Chairman, CEO, MD, Members of Board of Directors:

1.1 Gautam Adani

Chairman, Adani Group

Mr Gautam Adani is the Founder and Chairman of the Adani Group, which ranks among
the top 3 industrial conglomerates in India. Mr Adani, a first-generation entrepreneur, is
driven by the core philosophy of infusing "Growth with Goodness" through his nation-
building vision. Each of the Group's businesses focuses on helping build world-class
infrastructure capabilities to help accelerate the growth of India.

Adani Group consists of 7 publicly listed entities with a combined market capitalization
in excess of $242.73 billion (as of August 29, 2022) with businesses spanning Energy,
Ports & Logistics, Mining & Resources, Gas, Defence & Aerospace, and Airports. The
Group has established a leadership position in India in each of its business areas.
For Mr Adani, nation-building means transforming India's coastline by building a string
of ports and logistics hubs. For him, nation-building also means strengthening the
country's energy security and mitigating the urban-rural divide by delivering electricity to
several hundreds of millions living in the hinterlands of India. Nation-building, for Mr
Adani, also involves boosting food security by building a modern agriculture supply
chain and empowering the farmers. Each of his industrial endeavours has created tens of
thousands of jobs.

Mr Adani aims to make India one of the most significant players in sustainable energy by
investing in the renewable ecosystem spanning solar manufacturing, generation, and solar
park businesses. He dreams of making India self-reliant in defence and security.

The Group has a strong track record of working with global business leaders who want to
participate in India’s growth story. The global expertise of these international companies
in their respective businesses, combined with the project execution and market
capabilities of Adani Group, has created enduring partnerships. The partners include
Wilmar Group, Total SA, and Elbit Systems.

Adani Foundation, the Group's Corporate Social Responsibility arm, is among his key
interest areas. The Foundation's pan-India initiatives across critical sectors of education,
healthcare, sustainable livelihoods, and community infrastructure development touch
more than 3.4 million lives annually in 2315 villages across 18 Indian states.

1.2 Rajesh Adani

Managing Director

Mr. Rajesh Adani has been a vital part of the Adani Group since its inception. With
strong leadership and interpersonal skills, he heads the Group’s operations and has been
responsible for developing its business relationships.

His proactive and personalised approach toward the business and his competitive spirit
have contributed greatly to the growth of the Group and its diverse businesses. He
currently spearheads the Group’s Energy vertical.

1.6 Technical and other collaborations:

“In line with India’s target of 450 GW of renewable energy by 2030, the Adani Group
has embarked on one of world’s most ambitious carbon offset programs. Given the
commitment of our Government to sustainability and the sheer scale of need, India will
be one of the most attractive transition markets for low carbon electricity technologies.
We intend to play an essential role in this energy mix transition. Our recent ranking as the
world’s largest solar power company is a validation of our intent and we will continue to
diversify our energy portfolio.

1.7 Recent Mergers and Acquisitions:

In September 2022, the adani group acquired a majority stake of 63.1% in Abuja cements
Ltd. And a 54.5% stake in ACC Ltd. In a $6.4 billion cash deal with Switzerland-based
Holcim.

Ambuja Cements Ltd. and ACC Ltd.:

In September 2022, the Adani Group acquired a majority stake of 63.1% in Ambuja
Cements Ltd. and a 54.5% stake in ACC Ltd. in a $6.4 Billion cash deal with
Switzerland-based Holcim. This was one of the largest-ever acquisitions by the Adani
Group and also the largest-ever merger and acquisition transaction in the infrastructure
and materials space in India.

SB Energy Holdings Ltd.:

In October 2021, just a few days after Adani Group chairman Gautam Adani announced
that the Group will invest $20 Billion in the next 10 years in the renewable energy
generation space, Adani Green Energy Ltd (AGEL), a subsidiary of the Group,
completed the acquisition of SB Energy Holdings Ltd (SB Energy India) in an all-cash
deal worth $3.5 Billion.

DB Power Ltd.:

In August 2022, Adani Power Ltd, a subsidiary of the Adani Group, agreed to acquire
DB Power Ltd. from the Bhaskar Group to add to its thermal power capacity. With this
acquisition, Adani Power can expand its operations and offerings in Chhattisgarh’s
thermal power sector. This deal is expected to be completed by October 31, 2022.

SPPL and EREPL:

On June 7, 2022, the Group’s subsidiary Adani Power Ltd. acquired 100% equities in
infrastructure development companies Support Properties Pvt. Ltd. (SPPL) and Eternus
Real Estate Pvt. Ltd. (EREPL) from their respective shareholders. This acquisition was
worth ₹609 Crore.

Kohinoor Adani Wilmar Ltd.:

The kitchen essentials company under the Adani Group has recently acquired the
‘Kohinoor’ brand from McCormick Switzerland. This acquisition gives Adani Wilmar
Ltd. exclusive rights over Kohinoor’s basmati rice and ready-to-cook, ready-to-eat
segments in India. The cost of this deal remains undisclosed.
2. Organization:

2.1 Organization Structure

An organizational structure defines how activities such as task allocation, coordination

and supervision are directed toward the achievement of organizational aims.

Organizational structure affects organizational action and provides the foundation on

which standard operating procedures and routines rest. It determines which individuals
get to participate in which decision-making processes, and thus to what extent their views
shape the organization's actions. Organizational structure can also be considered as the
viewing glass or perspective through which individuals see their organization and its
environment.

Organization are variant of clustered entities.

An organization can be structured in many different ways, depending on its objectives.

The structure of an organization will determine the modes in which it operates and
performs. Organizational structure allows the expressed allocation of responsibilities for
different functions and processes to different entities such as the branch, department,
work group and individual.

Organizations need to be efficient, flexible, innovative and caring in order to achieve a

sustainable competitive advantage.

2.2 Geographical (domestic and global) foot print– at the time of inception and
spread over the years,

2015

● Completed the demerger of APSEZ,APL and ATL

2017

● Started manufacturing solar PV panels

2018

● Demerger of Adani Green Energy And Adani Gas

● Fourtune emerged largest food FMCG brand in India

2019

● Emerged #2 largest IRM player in the world

2020

● Forayed into Airports business with portfolio of 6 airports

2021

● Data Center JV “Adani Connex” with EdgeConnex to develop and operate Data
Centers across India
● Acquired 23.5% stake in India’s leading airports- Mumbai airport

2022

● Completed acquisition of Mumbai and Navi Mumbai airports

● Adani Wilmar Limited IPO subscribed 17x

From mines to ports and logistics, the Adani conglomerate has been expanding across
sectors, regions. This has gone hand in hand with India's diplomatic and strategic
outreach Several foreign governments are now approaching us to work in their
geographies and help build their infrastructure. Therefore, in 2022, we also laid the
foundation to seek a broader expansion beyond India’s boundaries,” chairman and
founder of the Adani group Gautam Adani, now the world’s second-richest person.

2.3 company’s current head quarter worldwide as well as head quarter / corporate
office in India

Adani group locations by state

• Gujrat

• Rajasthan

• Madhya Pradesh
 • Andhra Pradesh

• Karnataka

• Chhattisgarh

• Assam

• Maharashtra

• Haryana

• Delhi

• Telangana

• West Bengal

• Panjab

Adani Group locations by city

Gujarat

• Ahmedabad

• Mundra

• Surat

Rajasthan

• Baran

• Alwar

• Bundi

• Jaipur
Madhya Pradesh

• Indore

• Shujalpur

• Vidisha

Andhra Pradesh

• Kakinada

Karnataka

• Udipi

Chhattisgarh

• Raigarh

Assam

• Guwahati

Maharashtra

• Pune

• Gondia

• Mumbai

• Nagpur

Haryana

• Gurgaon
Telangana

• Hyderabad

West Bengal

• Haldia

• Kolkata

Punjab

• Ludhiana

2.4 Manufacturing/ Service Locations Indian

Adani Corporate House

Shantigram, Near Vaishnodevi Circle,

S G Highway, Ahmedabad – 382421, Gujarat, India

Tel - +91-79-26565555

Website – www.adani.com

• Listed companies in India

Adani Enterprises:
Adani Enterprises is a holding company, which is primarily engaged in mining and
trading of coal and iron ore on a standalone basis, and acts as an incubator for Adani
Group's new business ventures. It has three main subsidiaries: Adani Wilmar (food
processing), Adani Airport Holdings (airport operations) and Adani Road Transport (road
development). Through its other subsidiaries, Adani Enterprises also has business
interests in solar PV module manufacturing, water infrastructure, data centers, agri-output
storage and distribution, defense and aerospace, bunkering, rail and metro infrastructure,
real estate,  financial services, oil exploration, petrochemicals and cement.

Adani Green Energy:

Adani Green Energy is the renewable energy arm of the group, having wind and solar
power plants in its portfolio.  It is the world's largest solar power developer by capacity,
with a total capacity of 12.3 GW. In 2022, Adani Green formed 3 new subsidiary
companies, called Adani Renewable Energy Thirty Six, Adani Renewable Energy Forty
Limited and Adani Renewable Energy Forty Seven Limited.

Adani Portz & SEZ:

Adani Ports HYPERLINK "https://en.wikipedia.org/wiki/Adani_Ports_

%26_SEZ"&HYPERLINK "https://en.wikipedia.org/wiki/Adani_Ports_%26_SEZ"
SEZ (APSEZ) is the largest private port company and special economic zone in India,
with ten ports and terminals including Mundra Port, its largest. The company is headed
by Karan Adani, CEO of APSEZ. The company's operations include Port
management, logistics and the special economic zone. The company operates at the
following ports: Mundra, Dahej, and Hazira, Gujarat; Dhamra, Odisha, Kattupalli, Tamil
Nadu, and Vizhinjam, Kerala.

Adani Power:

Adani Power was established in August 1996. The company develops and maintains

power projects and is the largest private sector power generation company in the
country. It has a combined installed capacity of 12,450 MW with four thermal power
projects across India.

Adani Transmission:

Integrated in 2013, Adani Transmission handles the commissioning, operations and

maintenance of electric power transmission systems. As of May 2021, the company
holds, operates and maintains 17,200 circuit kilometers of transmission lines that range
from 400 to 765 kilovolts, making it India's largest private sector power transmission and
distribution network.

Adani Total Gas:

Adani Total Gas is a city gas distribution company serving both industrial and residential
customers in India through piped natural gas connections and compressed natural
gas stations. It is a joint venture between Adani Group and the French oil and gas
company TotalHYPERLINK "https://en.wikipedia.org/wiki/TotalEnergies"
HYPERLINK "https://en.wikipedia.org/wiki/TotalEnergies"Energies. Adani Total Gas
has presence in 22 geographical areas (GAs) as a standalone entity as of November 2020.
In addition, Indian Oil-Adani Gas Pvt. Ltd., a 50:50 joint venture between Adani Total
Gas and Indian Oil Corporation, operates city gas distribution networks in 19 GAs. With
a combined presence of 41 GAs in 74 districts, Adani Total Gas is the largest city gas
operator in India. Recently, The Adani Group announced strategic collaboration with
Snam, Europe's leading gas infrastructure company on energy mix transition.

Adani Wilmar:

Adani Wilmar, a joint venture between Adani Enterprises and Wilmar International, is

the owner of the Fortune brand of edible oils.

In May 2022, Adani Wilmar Limited (AWL) acquired ‘Kohinoor’ brand from
McCormick Switzerland GMBH.

2.5 Certifications if any – ISO / EMS / FDA / CMMI , etc.

ISO (International organization for Standardization)

2.6 Online Presence. Initiatives towards gender diversity

Adani Group is a diversified organisation in India with market cap of over $86.44 billion
(as on January 24, 2023) comprising 7 publicly traded companies. It has created a world
class transport and utility infrastructure portfolio that has a pan-India presence. Adani
Group is headquartered in Ahmedabad, in the state of Gujarat, India. Over the years,
Adani Group has positioned itself to be the market leader in its transport logistics and
energy utility portfolio businesses focusing on large scale infrastructure development in
India with O & M practices benchmarked to global standards. With four IG rated
businesses, it is the only Infrastructure Investment Grade issuer in India.

Adani owes its success and leadership position to its core philosophy of ‘Nation
Building’ driven by ‘Growth with Goodness’ - a guiding principle for sustainable growth.
Adani is committed to increase its ESG footprint by realigning its businesses with
emphasis on climate protection and increasing community outreach through its CSR
programme based on the principles of sustainability, diversity and shared values.

At the Adani Group, we believe that the ability to make a significant national
contribution can only be derived from a broadbased competitive advantage that is not
dependent on any one factor but is the result of an overarching culture of excellence – the
coming together of adjacent business presence, rich sectorial experience, timely project
implementation, ability to commission projects faster than the sectorial curve,
competence to do so at a cost lower than the industry average, foresight to not merely
service the market but to grow it, establish a decisive sustainable leadership and evolve
the Company’s position into a generic name within the sector of its presence.

The Adani Group invests in the best technology standards of the day that could generate
precious additional basis points in profitability and help more than recover the additional
cost (if at all) paid within a short tenure. This superior technology standard evolves into
the Company’s sustainable competitive advantage, respect, talent traction and
profitability.
 In 2022, women make up 29.2 percent of our overall workforce. We set specific and
measurable annual goals to increase the representation of women globally.

2.7
2.7 Inititatives towards social inclusion.

We believe in a growth narrative that contributes to the social welfare of the communities in
which we live and work. The Adani Group invests about 2% of its total profit in various CSR
initiatives through Adani Foundation. By responding to the emerging needs at grassroots level,
its teams are focused on aligning all activities with the global Sustainable Development Goals,
striving to secure a hopeful future for millions.

Taking inspiration from the Gandhian philosophy of trusteeship, the Adani Foundation strives to
create sustainable opportunities. It does so by facilitating quality education, enabling the youth
with income-generating skills, promoting a healthy society and supporting infrastructure
development.

With an aim to contribute to the holistic development of communities, the Adani Foundation is
contributing to the global agenda of meeting Sustainable Development Goals (SDGs).

2.8 Initiatives towards environment conservations.

Mundra, once a coastal hamlet in the state of Gujarat in India is where the Adani Group’s
journey of growth with goodness started Footprints of this change are widely visible as the
sleepy town has become a bustling industrial hub housing India’s largest port, power plants, solar
manufacturing facility, edible oil refinery and a plethora of ancillary industries.

While the transformation is remarkable in itself what makes, Mundra, a rare case study where
infrastructural transformation coexists with the region’s rich biodiversity. From multi-fold
augmentation in mangrove cover to turning a highly saline and arid land green through tech-led
horticulture techniques, the Adani Group’s vision of building sustainable value creations are not
just propelling India’s economic development but catering to the nation’s climate goals.

Water Management

Water management has been one of the most strategic conservation measures across businesses
at the Adani Group. Emphasis is made to ensure that dependence on freshwater sources is
minimal, which in mutual interest of business operations, communities and the environment.

Waste Management

Zero Waste is our ultimate group-wide goal. We ensure that food and organic waste across
business sites is converted into compost which is then used as a natural fertilizer in gardening
and farming. In fact, our ports have cut down hazardous wastes to zilch. Across our coal-based
power plants, systems and infrastructure are in place so that the fly ash generated is reused by
cement manufacturing units and available free of cost for construction of roads, buildings and
other infrastructure in the local areas.

Safety Management

In the upliftment of people lies the growth of the country and in their happiness, thrives our
impetus to do good. The Adani Group has established an Occupational Health and Safety
(OH&S) Policy and a Safety Manual that incorporates the legal and operational discipline to
ensure that concerns of health and safety steer clear of our journey towards realizing dreams.

There is a Corporate Safety Group under every CEO's guidance, monitoring safety at all sites. In
a nutshell, all possible safety precautions are being observed and taken into consideration to meet
the global standards in safety management systems. Our sites go beyond statutory requirements
to achieve continual improvement year after year. This effort has been recognized in the form of
awards and accolades from many organizations and safety forums.

2.9 Key Highlights of Company’s website

About Us
Investors
Newsroom
Careers
Contact
Us

2.10 Current Talent needs

Working at Diverse Business
From transforming India’s coastlines through ports and logistics hubs to energising millions of
households living without electricity to working towards food security in the most populous
democracy, each of our business has evolved to play a part in empowering India.

Explore Position
Our people are the key drivers of the Adani Group’s core philosophy of Growth with Goodness.
Join the family, to explore unprecedented opportunities and discover a purpose in life.

Integration

Working across functions and business to create synergies

Dedication

Working with commitment in the pursuit of our aims

3. Markets:

3.1 Major Customers, Customer segments

The core purpose of Customer Value Driven marketing strategy is to build an engaging, right
relationship with the right customer. The strategic choice of target customers is critical because
Adani Enterprises can’t serve all the customers in the Coal industry. Adani Enterprises has to
choose, who are the customers that it can best serve based on its resources and capabilities.

Renewable Energy

An environment, free from carbon emissions, an environment where every child can grow up
breathing pollution-free air - that is the environment we dream to create and have to a certain
extent managed to enrich lives with our renewable energy plants.
Adani Green Energy Limited is one of the largest renewable energy companies in India, with a
pioneering effort to help India’s transition to renewable power generation. We develop, build,
own, operate and maintain utility scale grid connected solar and wind projects.

Solar Manufacturing

Promoting India’s transition to clean energy and accelerating this journey of becoming self-
reliant, the Adani Group ventured into the pathway to a greener world. Adani Solar is the Adani
Group’s Solar Photovoltaic (PV) manufacturing and EPC arm. 

Adani Solar’s state-of-the-art manufacturing facility of 1.5 GW capacity along with Research
and Development (R&D) facilities within an Electronic Manufacturing Cluster (EMC) facility is
located in Mundra Special Economic Zone (SEZ). It is currently the India’s first and largest
vertically integrated producer of solar cells and modules in India and well supported by
manufacturing units of critical components designed to achieve maximum efficiency in the
Indian market.
Power Transmission

The aim of goodness is not restricted to ensuring unlimited availability of power but to generate
happiness and create sustainable living for people affected by it while maintaining a greener
environment for generations to come. Adani Transmission business is one of the largest private
sector power transmission companies in India with a presence across the western and northern
regions of India that has been working towards helping people realise their dreams no matter
what time of the day it be.

Power Distribution

A brighter future or a hopeful ambition, the path towards empowerment or yet another lit kitchen
is when the fruits of growth are sweeter than growth itself and goodness fuels the journey
forward. Adani Electricity Mumbai Ltd (AEML), a 100% subsidiary of Adani Transmission Ltd.
is into Power Generation, Transmission and Retail Electricity Distribution. It serves over three
million consumers spread across 400 sq. kms in Mumbai and its suburbs with 99.99% reliability,
one among the highest in the country.

Gas Distribution

Life feels no less than a celebration when one can return abode to some piping hot comfort food
after a long day at work. And more so if this long day comprises feeding other people their
preferred recipes.

With a natural gas supply and distribution network of over 8000 kms of pipeline that serves over
0.48 million consumers, Adani Gas Ltd. is India’s largest private sector CGD with significant
growth opportunities and a promise to fuel the growing aspirations of a growing nation. A
focused 'Pure Play Gas Marketing and Distribution' entity, with its expanding network of
pipeline promises to fuel the growing aspirations of the nation.

Thermal Power Generation

Power lights up our houses and lives. It brightens futures, not just of individuals but of
communities at large, thereby creating a growth story that ramifies throughout the country.
India’s nationalised enterprises have struggled to meet the rising energy demands, chocking
dreams to darkness. As the largest thermal private power player, Adani is on a mission to help
India become self-reliant in power generation.

Adani's thermal power portfolio comprises 12,410 MW. This includes a power plant each in
Mundra (Gujarat), Tiroda (Maharashtra), Kawai (Rajasthan), Udupi (Karnataka) and, Korba and
Raikheda (Chhattisgarh). This makes the company India’s largest private sector power player.
The power generated here is witnessing businesses grow, literacy rise and livelihood flourish.

Natural Resources

The road to empowerment is the one that guards a country’s stride onwards, keeping every
hurdle that poses a threat to the constant pace of progress at bay. Yet another milestone in our
growth story, is the business of Natural Resources. The scale of our business assures a steady
availability of coal, extracted in the most responsible ways, which promises constant supply of
power to both urban and rural geographies of India ensuring no hurdles are faced by the citizens
in the path to achieving their dreams. The mining industry is considered a major contributor to
the growth of the Indian economy. The mining business unit of the Adani group was established
in 2007 as the last link in ensuring energy security for India. We are also developing and
operating mines in Indonesia and Australia.

3.2 Product, Product lines

• Adani Enterprises. Solar Manufacturing.

• Adani Green Energy. Renewable Power Generation.

• Adani Ports & SEZ. Agri Logistics.

• Adani Transmission. Power Transmission.

• Adani Total Gas. Gas Distribution.

 • Adani Power. Thermal Power Generation.

• Adani Wilmar. Edible Oils & Food.

• Other. Edible Oils & Food.

3.3 Major Brands, Market Share - nationally, region wise, product wise

Besides oil, AWL has also forayed into packed Basmati Rice, pulses, Soya Chunks, Besan and
the Fortune Chakki Fresh Atta. The product portfolio of Adani Wilmar spans under various
brands such as - Fortune, King's, Bullet, Raag, Avsar, Pilaf, Jubilee, Fryola, Alpha and Aadhar.
Within the Adani group, the top gainers were ADANI WILMAR (up 4.9%) and ACC (up 0.6%).
On the other hand, ADANI PORTS & SEZ (down 1.1%) and ADANI TRANSMISSION (down
0.9%) were among the top losers. Meanwhile, the benchmark S&P BSE SENSEX was at
60,978.8 (up 0.1%).

3.4 Advertising Agency, Advertising Punch Line/ Slogan, Logo

Growth is incomplete without goodness.

"Thinking big. Doing better"

3.5 Key alliance in the past 5 years & impact.

Mergers & Acquisitions, if any
Adani Enterprises Limited -
Amalgamation/Merger
Adani Enterprises Limited has informed the Exchange that the Scheme of Amalgamation of
certain promoter entities of M/s. Mundra Port & Special Economic Zone Ltd (MPSEZ) i.e Adani
Infrastructure Services Private Ltd, Advance Tradex Private Ltd, Adani Tradelinks Private Ltd,
Pride Trade and Investment Private Ltd, Mauritius, Trident Trade and Investment Private Ltd,
Mauritius, Radiant Trade and Investment Private Ltd, Mauritius, and Ventura Trade and
Investment Private Ltd, Mauritius (hereinafter collectively referred to as 'Transferor Companies')
with the Company i.e. Adani Enterprises Ltd. has been sanctioned by the Hon'ble High Court of
Gujarat vide its order dated August 12, 2010.

The certified copy of the said order has been received on August 18, 2010 and the same has been
filed with the Registrar of Companies, Gujarat on the same day. As a result, the said scheme of
amalgamation has become effective from the appointed date (i.e. April 01, 2010 in case of all
transferor companies other than Advance Tradex and April 20, 2010 in case of Advance tradex).
Since the scheme of Amalgamation has become effective, M/s MPSEZ has become a subsidiary
of the Company with 77.49% shareholding by the Company. Further, the Company has informed
the Exchange that on August 13, 2010 the Board of Directors of the Company has approved the
Unaudited Financial Results of the Company for the quarter ended on June 30, 2010. In order to
reflect the present scenario - post Amalgamation and MPSEZ becoming subsidiary of the
Company, the Directors of the Company, vide Circular Resolution dated August 18, 2010
approved the Adjusted Unaudited Financial Results of the Company for the quarter ended on
June 30, 2010 after taking into account the effect of Amalgamation - especially the Financial
Results of MPSEZ for the Quarter ended on June 30, 2010 with that of the Company.

In order to provide updated information about the financials of the Company, the Company has
submitted the Financial Results of the Company for the Quarter ended on June 30, 2010 after
taking into account the effect of Scheme of Amalgamation.

3.6 Technological Development, disruptive innovations affecting the organization.

Adani Enterprises, the business incubation arm of the Adani Group, on Thursday announced that
it has signed a Memorandum of Understanding (MoU) with the Israel Innovation Authority (IIA)
for cooperation in technological innovations.
The deal includes creation of a ‘cutting-edge innovation platform’ that will allow Adani arms to
access tech solutions provided by Israeli start-ups whereby selected innovation projects will be
supported by the partnership.
IIA is a public-funded agency that oversees Israel's innovation policy. The IIA provides
conditional grants to support disruptive technological innovations and is engaged in creating the
groundwork and infrastructure to prepare for future technologies in order to maintain both
technological and economical leadership as well as improve productivity and global
competitiveness of the Israeli economy.
The Adani Group will screen and select Israeli start-ups and other innovation companies
developing new and exciting solutions in the tech space. Approved projects will then be assisted
by the Adani Group and supported by the Israel Innovation Authority,” stated a press release.
The Indian HR (human resources) Tech industry has, in recent years, witnessed a wave of new
investments. The sector has accrued considerable funding in the past two years, primarily driven
by the Covid-19-induced lockdown.

3.7 Emerging potential competition through first generation entrepreneur or global / local
players.

The Adani Group has been forging ahead, cinching around 8-10 deals in the past year. Growing
organically and inorganically, the group has been investing in an array of new sectors.
Run by a first-generation entrepreneur whose net worth is more than US$ 107 bn, Gautam Adani
has rapidly diversified into new areas like data centers, digital services, defence, and healthcare.
4. Financials:

4.1 Data to be studied, tabulated, graphically depicted, analyzed and presented for last 5
years for the Revenues, Profitability, Market Capitalization, Segmented Revenues,
Auditors.
Revenues

Profitability
4.2 Listing status & Scrip Codes - BSE and NSE,

BSE

NSE
4.3 Global Listings on International Stock Market

Bombay Stock Exchange Limited - 533096

National Stock Exchange of India Limited - ADANIENT
ISIN - INE423A01024

4.4 P/E Ratio, Shareholding Pattern

5. Governance:

5.1 Philosophy Action taken by SEBI if any,

5.2 Involvement in Scams,

5.3 Insider Trading Issues,

On May 21, group founder Gautam Adani’s net worth touched $74.9 billion, winning him the tag
of Asia’s second-richest man led by a massive rally in various Adani Group companies.

India’s market regulator is scrutinizing at least three companies controlled by billionaire

businessman Gautam Adani for alleged breaches of securities laws related to prevention of
insider trading and inadequate disclosures, two people familiar with the probe said.

“The scope of the scrutiny is to ensure no insider traded unfairly and, secondly, the disclosures
have been made adequately and in a timely manner so that public shareholders are protected
from unwarranted risks,” said one of the two people on condition of anonymity.

On May 21, group founder Gautam Adani’s net worth touched $74.9 billion, winning him the tag
of Asia’s second-richest man led by a massive rally in various Adani Group companies. The
group’s market capitalization, however, fell sharply after it emerged that National Securities
Depository Ltd locked the accounts of three Mauritius-based funds with large exposures to the
Adani Group over lack of disclosures pertaining to end-beneficiaries.

The Securities and Exchange Board of India (Sebi) is looking at whether Adani Ports, Adani
Group’s transmission businesses and Adani Gas have made the required disclosures, the first
person said.

“Sebi will examine if any unpublished price sensitive information (UPSI) has been misused for
any potential insider trading in the stocks of the aforementioned companies either to influence
the prices or to make unfair gains,” the person added.

5.4 Standard and poor's corporate Governance scores, CRISIL Rating.

CRISIL
5.5 Major Awards and Achievements of the Organization in the last 5 years.

2018
Adani Ports win the TMA-Terumo Penpol CSR Award for CSR activities at Vizhinjam Port

2019
Bhamashah Award from the Government of Rajasthan for facilitating infrastructure at
government schools in Kawai.

2019
ASSOCHAM Edumeet Education Excellence Awards for AVMA

2019
Stakeholder Engagement Award at Corporate Social Responsibility Summit & Awards 2019
organised by UBS Forum

2019
Adani Vidya Mandir Ahmedabad, Surguja and Bhadreshwar conferred with Samagra Shiksha-
Empowering India Awards
2019
Adani Ports & SEZ (APSEZ) Receives ‘Honorary Special Mention Award’ at the National
Corporate Social Responsibility Awards

2021
Adani Foundation won 7th CSR Impact Award for the project Gyanodaya

2021
Adani Foundation conferred with CII-National Awards for Excellence in Water Management,

2022
Education Today Award– Adani Vidya Mandir, Ahmedabad

5.6 Forward looking statements of the top management