Adani Energy Solutions Limited — Others, 09-12-2024: News Verification

Adani Energy Solutions Ltd has provided clarification regarding a media report alleging that Kenya has dropped over $2.5 billion in Adani projects following a U.S. indictment. The company has stated that the mentioned transmission line project, awarded on October 9, 2024, is part of its regular business operations, and any potential cancellation would not require further disclosure. Furthermore, the company confirmed it is not involved in any airport projects referenced in the report, ensuring no material impact on its operations. This clarification may alleviate investor concerns, fostering a positive outlook on the company's stability and commitment to transparency.