Adani Enterprises confirms that there was no deviation or variation in the utilization of proceeds from its Rights Issue for the quarter ended December 31, 2025. The funds raised were used as stated in the Letter of Offer dated November 12, 2025. This statement was reviewed by the Audit Committee of the Company.
Rights Issue Proceeds Utilization
Adani Enterprises has announced that all proceeds from the Rights Issue, for the quarter ending December 31, 2025 (Q3 FY26), were utilized in accordance with the objects outlined in the Letter of Offer dated November 12, 2025. This confirms there were no deviations or variations in the planned usage of these funds.
Details of Funds Allocation
The total funds raised through the Rights Issue amounted to INR 12,465.15 Crores. These funds were primarily allocated towards:
* Repayment/pre-payment of borrowings: INR 5,034.38 Crores
* General corporate purposes: INR 3,045.18 Crores
* Issue expenses: INR 18.00 Crores
The original allocation for repayment of borrowings was INR 18,698.00 Crores, while the original allocation for general corporate purposes was INR 6,208.05 Crores. No modified allocation has taken place.
Source: BSE
