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Adani Enterprises Limited submitted a statement confirming no deviation or variation in the utilization of funds raised through Qualified Institutional Placement for the quarter ended December 31, 2024. The total amount raised was INR 4,200 Crores, and the funds were utilized as originally planned. The Audit Committee reviewed the statement and reported no comments regarding the fund usage.

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2 views3 pages

Mcrt

Adani Enterprises Limited submitted a statement confirming no deviation or variation in the utilization of funds raised through Qualified Institutional Placement for the quarter ended December 31, 2024. The total amount raised was INR 4,200 Crores, and the funds were utilized as originally planned. The Audit Committee reviewed the statement and reported no comments regarding the fund usage.

Uploaded by

anand12raj01
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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30th January, 2025

BSE Limited National Stock Exchange of India Limited


P J Towers, Exchange plaza,
Dalal Street, Bandra-Kurla Complex,
Mumbai – 400001. Bandra (E), Mumbai – 400051.

Scrip Code: 512599 Scrip Code: ADANIENT

Dear Sir / Madam,

Sub: Statement of deviation or variation for the quarter ended 31st December,
2024
Ref: Funds raised through Qualified Institutional Placement

Pursuant to Regulation 32 of the SEBI (Listing Obligations and Disclosure


Requirements) Regulations, 2015 as amended read with SEBI circular
no. CIR/CFD/CMD1/162/2019 dated December 24, 2019, we hereby confirm that
during the quarter ended on 31st December, 2024, there was no deviation or
variation in the utilisation of proceeds of funds raised through Qualified
Institutional Placement from the objects stated in Preliminary Placement
Document dated 9th October, 2024.

A statement of deviation or variation, if any, for the quarter ended on


31st December, 2024, duly reviewed by the Audit Committee of the Company is
enclosed herewith.

Kindly take the above on your records.

Thanking you,

Yours faithfully,
For Adani Enterprises Limited
JATINKUMAR Digitally signed by JATINKUMAR
RAMESHCHANDRA
RAMESHCHANDRA JALUNDHWALA
JALUNDHWALA Date: 2025.01.30 14:29:38 +05'30'

Jatin Jalundhwala
Company Secretary & Joint President (Legal)
Membership No.: F3064

Encl: As above

Adani Enterprises Limited Tel + 91 79 2656 5555


“Adani Corporate House”, Fax + 91 79 2555 5500
Shantigram, Near Vaishno Devi Circle, [email protected]
S. G. Highway, Khodiyar www.adanienterprises.com
Ahmedabad 382 421
Gujarat, India
CIN: L51100GJ1993PLC019067

Registered Office : “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421
Statement on Deviation of Variation for proceeds of Public Issue, Rights Issue,
Preferential Issue, Qualified Institutional Placement, etc.

Name of listed entity Adani Enterprises Limited


Mode of Fund Raising Public Issues / Rights Issues / Preferential Issue / QIP /
Others
Date of Raising Funds 15th October, 2024
Amount Raised INR 4,200 Crores
Report filed for Quarter ended 31st December, 2024
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CARE Ratings Limited
Is there a Deviation / Variation in use of funds No
raised
If yes, whether the same is pursuant to change in Not Applicable
terms of a contract or objects, which was
approved by the shareholders
If Yes, Date of shareholder Approval Not Applicable
Explanation for the Deviation / Variation Not Applicable
Comments of the Audit Committee after review No Comments
Comments of the auditors, if any No Comments

Objects for which funds have been raised and where there has been a deviation, in the following table

Amount of
Deviation /
Variation
Original Modified Funds
Modified for the
Allocation Allocation Utilised Remarks,
Original Object Object, if quarter
(Rs. In (Rs. In (Rs. In if any
any according
Crores) Crores) Crores)
to
applicable
objects

Funding capital expenditure Not 2,150.00 Not 2,115.00 Nil


requirements of some of our Applicable Applicable
Subsidiaries in relation to

a. certain projects under the


new energy ecosystem;
b. improvement works and city
side development works of
certain existing airport
facilities;
c. construction of greenfield
expressway; and
d. setting up a polyvinyl chloride
(“PVC”) plant.

Adani Enterprises Limited Tel + 91 79 2656 5555


“Adani Corporate House”, Fax + 91 79 2555 5500
Shantigram, Near Vaishno Devi Circle, [email protected]
S. G. Highway, Khodiyar www.adanienterprises.com
Ahmedabad 382 421
Gujarat, India
CIN: L51100GJ1993PLC019067

Registered Office : “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421
Repayment, in full or in part, of 1,000.00 1,000.00
certain outstanding borrowings
of one of our Subsidiaries, namely,
Adani Airport Holdings Limited

General corporate purposes 1,019.75 1,012.09

Issue expenses 30.25 30.25

Total 4,200.00 4,157.34

Deviation or variation could mean:


a) Deviation in the objects or purposes for which the funds have been raised or
b) Deviation in the amount of funds actually utilized as against what was originally
disclosed or
c) Change in terms of a contract referred to in the fund raising document i.e.
prospectus, letter of offer, etc

Yours faithfully,
For Adani Enterprises Limited
JATINKUMAR Digitally signed by JATINKUMAR
RAMESHCHANDRA
RAMESHCHANDRA JALUNDHWALA
JALUNDHWALA Date: 2025.01.30 14:29:19 +05'30'

Jatin Jalundhwala
Company Secretary & Joint President (Legal)
Membership No.: F3064

Adani Enterprises Limited Tel + 91 79 2656 5555


“Adani Corporate House”, Fax + 91 79 2555 5500
Shantigram, Near Vaishno Devi Circle, [email protected]
S. G. Highway, Khodiyar www.adanienterprises.com
Ahmedabad 382 421
Gujarat, India
CIN: L51100GJ1993PLC019067

Registered Office : “Adani Corporate House”, Shantigram, Near Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421

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