ADANI ENERGY SOLUTIONS: COMPLETES ACQUISITION OF 100% STAKE

**ADANI ENERGY SOLUTIONS: COMPLETES ACQUISITION OF 100% STAKE IN INTELLISMART INFRASTRUCTURE** ADANIENSOL - **Acquisition Completed:** Adani Energy Solutions completed the acquisition of 100% equity share capital of Intellismart Infrastructure Private Limited on November 12, 2026. - **Regulatory Approval:** Completion followed receipt of the requisite antitrust approval from the Competition Commission of India (CCI). - **Stake Acquisition:** Shares were acquired from the National Investment and Infrastructure Fund (NIIF) and Energy Efficiency Services Limited (EESL). - **Debenture Redemption:** Optionally convertible debentures of Intellismart held by NIIF have been redeemed. - **Earlier Agreement:** The Securities Purchase and Subscription Agreement for the acquisition was executed on June 9, 2026. **Impact: Positive** – Completes Adani Energy Solutions' acquisition of full ownership in Intellismart following CCI clearance, concluding the transaction announced under the June 9, 2026 agreement.