Adani Enterprises Limited has confirmed that there was no deviation or variation in the utilisation of funds raised through its recent Rights Issue. The statement covers the quarter ended September 30, 2026, and aligns with the objects initially stated in the Letter of Offer dated November 12, 2025. The company has enclosed a statement reviewed by its Audit Committee detailing the fund usage, reassuring stakeholders about financial accountability.
Adani Enterprises Confirms No Deviation in Rights Issue Fund Use
Adani Enterprises Limited has officially stated that there was no deviation or variation in how the funds raised through its Rights Issue were utilized during the quarter ending September 30, 2026. This confirmation aligns with the objectives outlined in the company’s Letter of Offer, dated November 12, 2025.
Detailed Statement Provided
The company has provided a detailed statement, reviewed by its Audit Committee, to the stock exchanges. This statement confirms that the deployment of funds from the Rights Issue remained consistent with the initial proposals. The total amount raised through the rights issue was INR 24,906.82 Crores, with the funds primarily allocated towards the repayment of outstanding borrowings and general corporate purposes.
Fund Allocation Breakdown
The original allocation for repayment and pre-payment of borrowings, including interest, was INR 18,698.00 Crores, and the utilized amount remains the same. For general corporate purposes, the original allocation was INR 6,208.05 Crores, with INR 6,184.57 Crores utilized by the end of the quarter. Issue expenses amounted to INR 24.25 Crores, with the full amount utilized.
The document clarifies that the Rights Equity Shares were issued on a partly paid-up basis, with amounts received on application, first call, and second/final call contributing to the total funds raised. The total funds raised amounted to INR 24,906.82 Crores, with a total utilized amount of INR 24,906.82 Crores for the quarter ended September 30, 2026. There was no deviation observed in the utilisation of these funds against the stated objects.
Source: BSE
