Adani Group exits Adani Wilmar, reclassifies to public shareholder

AWL Agri Business Limited (formerly Adani Wilmar Limited) announced that the Adani Group has completely exited the company. Adani Commodities LLP (ACL) sold 90,977,502 equity shares, representing 7.00% of the issued and paid-up capital, via a bulk deal on November 21, 2025. This followed an earlier off-market transfer on November 19, 2025, where ACL sold 168,958,219 equity shares (13%) to Lence Pte. Ltd. As a result, ACL, Adani Enterprises Limited (AEL), and other promoter group entities no longer hold any equity shares.

Following the divestment, ACL and AEL, on behalf of the Adani Group, requested reclassification from the "promoter" / "promoter group" category to the "public" category. The board of directors approved this reclassification on November 24, 2025, and will seek no-objection from stock exchanges. Concurrently, the board approved amendments to the Articles of Association and the re-appointment of four independent directors: Mr. Dorab E. Mistry, Mr. Madhu Ramachandra Rao, Mrs. Dipali Sheth, and Dr. Anup P. Shah, each for a second five-year term.

Additionally, Mr. Suchandan Chowdhury was designated as senior management personnel (SMP) as desk head for all flour businesses, and Mr. Arvind Kumar Sharma as SMP as chief operating officer (sauces & condiments) on November 24, 2025, reflecting changes in the company's reporting hierarchy.