AWL Agri Business announces the complete exit of the Adani Group following the sale of ACL’s remaining equity shares. The Board has approved the reclassification of the Adani Group from ‘Promoter’ to ‘Public’ shareholder status. This decision follows a termination agreement and share transfer, marking a significant shift in AWL’s ownership structure as of November 24, 2025.
Adani Group’s Complete Exit
Adani Commodities LLP (ACL) has completed the sale of its remaining equity shares in AWL Agri Business, representing 7.00% of the company’s issued and paid-up capital, via a bulk deal on November 21, 2025. With this transaction, ACL has fully exited from AWL Agri Business.
Reclassification of Promoter Status
Following the exit of ACL, and as per the request from Adani Enterprises Limited (AEL) and other members of the promoter and promoter group, the Board of Directors has approved the reclassification of the Adani Group from ‘Promoter’ to ‘Public’ category. This reclassification is effective as of November 21, 2025. The company will now seek no-objection certificates from stock exchanges for this change.
Termination of Shareholder Agreements
A termination agreement has been executed between AEL, ACL, Lence Pte. Ltd., and AWL Agri Business, terminating the Shareholders’ Agreement. As a result, the Board has approved amendments to the Articles of Association, subject to shareholder approval.
Board Meeting Conclusion
The Board of Directors meeting, which commenced at 12:15 PM (IST) on November 24, 2025, concluded at 12:40 PM (IST). The reclassification and other resolutions were approved during this meeting.
Source: BSE
