Adani Enterprises dilutes stake in defence subsidiary

Adani Enterprises Limited (AEL) informed stock exchanges on December 2, 2025, about the dilution of its stake in Astraan Defence Limited (ADL), a step-down wholly-owned subsidiary. ADL allotted 10,09,40,000 equity shares, representing 49% of its share capital, to MSM Group S. R. O, referred to as "JV Partner."

This transaction, approved at ADL's board meeting on December 2, 2025, resulted in a change in the shareholding of Agneya Systems Limited, the immediate holding company of ADL and a step-down wholly-owned subsidiary of AEL. Consequently, Agneya Systems Limited's stake in ADL has decreased from 100% to 51%.

The intimation was made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, concerning the dilution of a stake in a subsidiary company.