Adani Energy Solutions Limited — Others, 13-11-2024: Statement of deviation(s) or variation(s) under Reg. 32

Adani Energy Solutions Ltd has confirmed no deviation in the utilization of funds raised through its Qualified Institutional Placement (QIP) during the quarter ended September 30, 2024. A total of ₹8,373.10 crore was raised, primarily for capital expenditures related to transmission systems and smart meter installations, along with debt repayment and general corporate purposes. The Audit Committee reviewed the report, noting no comments on the fund allocation. This clarity may enhance investor confidence, as funds are utilized as intended, signaling prudent financial management and potential stability in operational activities.