Adani Energy Solutions Ltd
Adani Energy Solutions Revises Capex Allocation š
- Adani Energy Solutions Limited raised INR 8,373.10 crores through a Qualified Institutional Placement (QIP) completed on August 2, 2024.
- CARE Ratings Limited served as the monitoring agency for the QIP funds, submitting a report for the quarter ended March 31, 2026.
- Funds were reallocated between two objects: transmission systems capex increased from INR 2,060 crores to INR 2,860 crores, and smart meters capex decreased from INR 1,800 crores to INR 1,000 crores, with board approval obtained in Q1 FY26.
- All funds have been fully utilized as of March 31, 2026, with no unutilized amounts remaining.
- A deviation in fund usage occurred due to the reallocation, but it was approved by the board and did not require shareholder approval.
- The audit committee and auditors had no comments on the deviation or fund utilization.