Adani entities seek reclassification as public shareholders in AWL Agri Business

Adani Enterprises Limited (AEL) and its subsidiary, Adani Commodities LLP (ACL), have announced their intent to reclassify themselves and other promoter group entities to the 'public' category of shareholders for AWL Agri Business Limited (AWL). This move follows a series of transactions and the termination of a shareholders' agreement previously held with Lence Pte. Ltd., a subsidiary of Wilmar International Limited.

On November 21, 2025, ACL sold 90,977,502 equity shares of AWL, representing 7.00% of its issued and paid-up equity share capital, via a bulk deal on the stock exchange. This recent sale, combined with a prior off-market transaction on November 19, 2025, where ACL sold 168,958,219 equity shares (13%) of AWL to Lence, has significantly reduced their holdings. The total shareholding of all promoter group entities in AWL now stands at 0% as of the date of this letter.

The reclassification request is submitted in accordance with Regulation 31A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. AEL and ACL confirm that, post-reclassification, they and the promoter group entities will no longer collectively hold more than 10% of total voting rights, exercise control, possess special rights, have board representation, act as key managerial personnel, or be deemed a 'wilful defaulter' or 'fugitive economic offender' in AWL.