Adani Green Energy Limited — Important, 06-12-2024: Updates

Adani Green Energy Limited has provided clarification regarding a recent media report questioning the transfer of Azure's 2,333 MW share to the company. The report references a petition filed by Solar Energy Corporation of India Ltd. (SECI) with the Central Electricity Regulatory Commission (CERC) in April 2024 concerning power purchase agreements totaling 2,333 MW. These agreements were executed with relevant subsidiaries of Adani Green Energy and are part of a larger framework following a CERC order for a total of 8,800 MW, with an order from CERC still awaited. Importantly, the press report is stated to have no adverse impact on the company's business or operations, which suggests a positive outlook moving forward.