Adani Enterprises Limited (AEL) seeks reclassification of its promoter group shareholders from ‘Promoter’ to ‘Public’ category within Adani Wilmar Limited (AWL). This request follows ACL’s sale of AWL equity shares. AEL confirms adherence to regulatory conditions for the reclassification and states that promoter group entities, including ACL, do not hold significant voting rights or control within AWL.
Shareholding Changes in Adani Wilmar
Adani Commodities LLP (ACL), a subsidiary of Adani Enterprises Limited (AEL), has sold 90,977,502 equity shares of Adani Wilmar Limited (AWL), representing 7.00% of the issued and paid-up equity share capital. This transaction was executed via a Bulk Deal mechanism on the stock exchange on November 21, 2025.
Request for Reclassification
Following this transaction, ACL and AEL, acting on behalf of themselves and other members of the promoter group, have requested a reclassification from the ‘Promoter’/’Promoter Group’ category to the ‘Public’ category of shareholders in AWL. This reclassification request was submitted on November 21, 2025.
Confirmation and Certification
AEL confirms that ACL, AEL, the Promoter Group entities, and any person related to them do not hold more than 10% of the total voting rights in AWL. They also certify that they do not exercise control over the affairs of the company, directly or indirectly, and comply with conditions for reclassification under relevant regulations.
Termination of Agreements
It’s important to note that ACL, AEL, the Company and Lence Pte. Ltd. (“Lence”) have terminated the (a) shareholders’ agreement dated April 12, 1999 executed by and among the Company and Wilmar Investments (Mauritius) Limited read with the (A) first amendment agreement dated March 29, 2014 executed between the Company, Lence and Wilmar Investments (Mauritius) Limited; (B) deed of adherence dated March 30, 2017; (C) second amendment and termination agreement dated July 30, 2021 executed between the Company, ACL, Lence and AWL; and (b) Inter-se Agreement dated July 30, 2021 entered into between the Company, ACL and Lence.
Source: BSE
