Adani Enterprises Completes Composite Scheme of Arrangement, Effective April 1, 2026
Adani Enterprises Limited (AEL) announced that a composite scheme of arrangement involving Adani Green Technology Limited (AGTL), Adani Emerging Businesses Private Limited (AEBPL), Adani Tradecom Limited (ATL), Adani New Industries Limited (ANIL), and their respective shareholders became effective on April 1, 2026. The scheme was sanctioned by the Hon'ble National Company Law Tribunal, Ahmedabad Bench, on March 16, 2026.Under the terms of the scheme, AGTL and AEBPL have been amalgamated with AEL, while ATL has been amalgamated with ANIL. Consequently, AGTL, AEBPL, and ATL have been dissolved. April 1, 2026, also serves as the appointed date for the scheme's purposes.
A meeting of the Management Committee of AEL's Board of Directors is scheduled for April 15, 2026, to approve the allotment of shares to eligible shareholders of AEBPL.
Approximately 90,11,048 equity shares of AEL, each with a face value of Re. 1, will be allotted to AEBPL shareholders as of the Record Date, April 14, 2026.
| Type of securities proposed to be issued/ allotted | Equity Shares |
|---|---|
| Type of issuance/ allotment | Equity Shares issued pursuant to the share exchange ratio outlined in the approved Composite Scheme |
| Total number of securities proposed to be issued | 90,11,048 Equity Shares |
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.