ADANI ENTERPRISES ACQUIRES INFRA ENTITY

• 🤝 AdaniConneX Private Limited (ACX), a JV of Adani Enterprises, has acquired 100% stake in Madhuvanti Build Estate Limited (MBEL) • 💰 Acquisition completed for a cash consideration of ₹76.25 crore • 🏗️ MBEL was incorporated to undertake infrastructure development activities • 📍 Company owns sizeable land parcels and has secured key licenses required for infrastructure projects • ✅ Transaction completed on June 11, 2026 • 🚫 Not a related-party transaction and conducted at arm’s length 🟢 Impact: Positive (Strengthens AdaniConneX's infrastructure platform and provides ready land and approvals for future expansion projects.)

ADANI ENTERPRISES LIMITED

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