Adani unit forms new subsidiary for Mithi River infrastructure project

Adani Enterprises Limited informed stock exchanges on December 18, 2025, about the incorporation of a new subsidiary named "MRDP-III Development Limited" ("MDL") by its wholly-owned subsidiary, Adani Road Transport Limited ("ARTL"). MDL's subscribed capital is INR 1,00,000, divided into 10,000 equity shares of INR 10 each. MDL currently has no turnover as it is yet to commence business operations.

The primary object of MDL is to carry out river rejuvenation and environmental improvement activities, specifically focusing on the Mithi River Development and Pollution Control Project (Package III). This project covers the stretch from CST Bridge, Kurla, to Mahim Causeway, including the Vakola River and adjoining areas. The entity belongs to the Infrastructure Development industry.

Adani Enterprises Limited holds 100% of ARTL's share capital, and ARTL, in turn, holds a 51% equity stake in the newly incorporated MRDP-III Development Limited. The incorporation of MDL was registered with the Registrar of Companies, Ahmedabad.