Adani Enterprises Limited has informed the Exchange about Intimation regarding execution Business Transfer Agreement by Adani Defence Systems & Technologies Ltd ( ADSTL ), a wholly owned subsidiary of the Company.
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Adani Enterprises' wholly owned subsidiary, Adani Defence Systems & Technologies Ltd (ADSTL), has signed a Business Transfer Agreement with Punj Lloyd Ltd to acquire PLL's defence unit located at Malanpur, Madhya Pradesh. The deal is structured as a slump sale and was executed on February 28, 2026, with the intimation reaching the company on March 1, 2026. Adani Enterprises holds no prior shareholding in Punj Lloyd, and the transaction is not a related party deal. No special rights, board seats, or share issuances are involved in the agreement.
This acquisition strengthens Adani Enterprises' defence manufacturing footprint by adding an operational unit, which may support future revenue from the defence vertical. For shareholders, it signals continued capital deployment into the defence business, though deal financials were not disclosed in this filing.