Adani Enterprises Limited has informed the Exchange about Intimation regarding Sanction of Composite Scheme of Arrangement by Hon ble National Company Law Tribunal, Ahmedabad Bench
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The NCLT Ahmedabad Bench has sanctioned the Composite Scheme of Arrangement involving Adani Enterprises Limited (AEL) and four Adani group companies on March 16, 2026. Under the scheme, Adani Green Technology Limited (AGTL) and Adani Emerging Businesses Private Limited (AEBPL) will merge into AEL, with AEL issuing 11 equity shares for every 553 shares of AEBPL held by shareholders; AGTL shares held by ATL will stand cancelled. Separately, Adani Tradecom Limited (ATL) will merge into Adani New Industries Limited (ANIL) at a ratio of 1 equity share for every 10 shares of ATL. The stated rationale is to consolidate the green hydrogen ecosystem — including solar/wind component manufacturing, green hydrogen generation, and downstream products — under ANIL, simplifying the group structure. AEL's equity shareholders approved the scheme with 99.9998% votes in favour. The effective date is yet to occur, pending remaining approvals and conditions.
This is a major internal group restructuring that consolidates green hydrogen and emerging businesses under cleaner, more focused entities. AEL shareholders may see modest share issuance from the AEBPL merger, while the cancellation of cross-held AGTL shares partly offsets dilution. The consolidation is not yet effective — investors should wait for the formal effective-date intimation from AEL before factoring it in.