Adani Transmission Ltd

Adani Energy Solutions Limited (AESL) has executed a binding agreement to acquire a 100% equity stake in IntelliSmart Infrastructure Private Limited, a joint venture between National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL). The total consideration for the transaction is ₹3,050 crore, which includes the acquisition of equity shares and the redemption of optionally convertible debentures held by NIIF. This acquisition will consolidate AESL's position as India’s largest smart metering platform, expanding its portfolio to over 4.7+ crore smart meters. IntelliSmart currently manages over 2.2+ crore meters across five states. The deal is subject to regulatory and other customary approvals, and is expected to enhance AESL's scale, execution capabilities, and deliver synergies through economies of scale.

Adani Energy Solutions Limited (AESL) has signed a Securities Purchase and Subscription Agreement to acquire 100% of the equity share capital of Intellismart Infrastructure Private Limited and redeem optionally convertible debentures held by NIIF. The transaction is valued at ₹3,050 crores, payable in cash. This acquisition aligns with AESL's growth strategy, significantly expanding its presence in the smart metering AMISP segment and increasing its cumulative smart meter portfolio to over 4.7 Crore meters. The deal is expected to generate synergies through economies of scale and operational optimization. Completion is subject to customary conditions, including anti-trust approval from the Competition Commission of India, and is expected within 180 days. Intellismart, incorporated in 2019, reported a turnover of ₹621.32 crores in FY 2025 and specializes in smart meter roll-out programs.

Adani Energy Solutions Ltd has incorporated seven new wholly-owned subsidiaries: Sunrays Step I Limited, Sunrays Step II Limited, Sunrays Step III Limited, Arasan Step I Limited, Arasan Step II Limited, Arasan Step III Limited, and Arasan Step IV Limited. Incorporated on June 1, 2026, in India, these entities will focus on electricity generation, transmission, and distribution. Each subsidiary has a paid-up share capital of ₹5,00,000, with Adani Energy Solutions Limited holding 100% of the shares.

Adani Energy Solutions Ltd. announced the resignation of Chief Financial Officer Kunjal Mehta, effective May 30, 2026, due to personal reasons. The Board of Directors has approved the appointment of Ashok Jagetiya as the new CFO and Key Managerial Personnel, effective May 31, 2026. Jagetiya, a Chartered Accountant with 30 years of experience, has held senior leadership positions within the Adani Group since 2000.

Adani Energy Solutions Ltd announced significant changes in its Senior Management Personnel (SMP) and Internal Auditor, effective April 23, 2026. Mr. Raj Kumar Jain has been appointed as Head of Energy Solutions and C&I, while Mr. Nitin Mittal joins as Head - Talent Acquisition. Concurrently, four senior management personnel—Mr. Vivek Gautam (Head – Projects), Mr. Sandeep Gautam (Head – HR), Mr. Manish Upadhyay (Head – Talent Acquisition), and Mr. Rohit Agrawal (Senior VP CPG)—have ceased their roles due to organizational restructuring. Additionally, M/s. BDO India Services Private Limited has been appointed as the new Internal Auditor, replacing Mr. Harish Sharma, whose cessation is attributed to organizational restructuring and rotation policy.

Adani Energy Solutions Ltd submitted its Monitoring Agency Report and Statement of Deviation and Variation for the quarter ended March 31, 2026. The report, issued by CARE Ratings Limited and reviewed by the Audit Committee, pertains to the utilization of funds from a Qualified Institutional Placement (QIP) of ₹8,373.10 crore. It indicates a deviation from the original objects of the QIP, with the range of deviation exceeding 10%. However, the company's board had obtained approval for the reallocation of funds among two objects, and this was covered in the Monitoring Agency's review for Q1 FY26. The filing confirms compliance with SEBI regulations regarding monitoring and disclosure.

Adani Energy Solutions Ltd has submitted an Investors' Presentation detailing its audited financial results (standalone and consolidated) for the quarter and financial year ended March 31, 2026. This presentation, designated as Annexure "A", follows the outcome of the Board Meeting held on April 23, 2026, and is also available on the company's website. The presentation covers financial and operational highlights for both Q4 FY26 and the full FY26, along with details on capex, ESG framework, ratings, and asset portfolio.

Adani Energy Solutions Ltd (AESL) reported strong FY26 results with EBITDA up 13% YoY to ₹8,726 crore and PAT rising 32% to ₹2,393 crore. Total income grew 15.9% YoY to ₹28,325 crore. Q4 FY26 EBITDA increased by 5% YoY to ₹2,372 crore. The company commissioned five transmission projects and surpassed 1 crore smart meter installations. AESL's transmission under construction pipeline stands at ₹71,779 crore, with a smart meter order book of 2.46 Cr meters.

Adani Energy Solutions Ltd's board approved and took on record the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, during its meeting on April 23, 2026. The results, prepared as per SEBI regulations, along with the auditor's report with unmodified opinion from M/s. Walker Chandiok & Co. LLP, are available on the company's website. The board also approved convening the 13th Annual General Meeting on June 25, 2026, via video conferencing.

Adani Energy Solutions Ltd's board approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2026, during its meeting on April 23, 2026. The results, prepared as per SEBI regulations, along with the unmodified audit reports from Walker Chandiok & Co. LLP, are available on the company's website. The board also approved convening the 13th Annual General Meeting on June 25, 2026, via video conferencing.