Adani Enterprises Limited has informed the Exchange about Adani Global FZE, a UAE based step down wholly owned subsidiary has incorporated a wholly owned subsidiary namely ADANI METALS AND MINERALS FZCO in UAE
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Adani Enterprises has informed the exchanges that its UAE-based step-down wholly owned subsidiary, Adani Global FZE, has set up a new wholly owned subsidiary called Adani Metals and Minerals FZCO (AMAMF) in the UAE, incorporated on March 31, 2026. AMAMF will engage in trading of pearls, precious stones, jewellery, non-manufactured precious metals, scrap and waste metal, metal ores, and basic non-ferrous metals. The new entity has been set up with a small capital of AED 50,000 (50 shares of AED 1,000 each) on a 100% cash basis, with no governmental approvals required. It is a step-down wholly owned subsidiary, so Adani Enterprises retains full indirect ownership through Adani Global FZE.
This is a routine corporate housekeeping disclosure with no material financial impact — the capital involved is very small (AED 50,000) and the new entity is fully owned. Shareholders are unlikely to see any immediate effect on the stock price; however, it signals the group's intent to expand its metals and minerals trading footprint in the UAE.