The Adani Group has fully exited AWL Agri Business through market transactions. ACL sold its remaining 7% stake on November 21, 2025, completing its departure. Consequently, the Adani Group, including ACL and AEL, no longer holds any equity in AWL. The board has approved the reclassification of the Adani Group from ‘Promoter’ to ‘Public’ shareholder category.
Adani Group’s Complete Exit
Adani Commodities LLP (ACL) has completed its exit from AWL Agri Business. On November 21, 2025, ACL sold 90,977,502 equity shares, representing 7.00% of AWL’s issued and paid-up equity share capital, via a bulk deal. With this transaction, ACL has fully divested its stake in the company.
Reclassification of Shareholder Status
Following the complete exit of ACL, the Adani Group, comprising ACL, AEL, and other promoter group entities, no longer possesses any equity shares in AWL Agri Business. Consequently, the Board of Directors has approved the reclassification of the Adani Group from the ‘Promoter’ category to the ‘Public’ category. This reclassification aligns with relevant regulations and is pending final approval from stock exchanges.
Termination of Shareholder Agreement
The exit follows the termination of the shareholder’s agreement involving Adani Enterprises Limited (AEL), Adani Commodities LLP (ACL), Lence Pte. Ltd., and the company. The termination agreement finalized the terms of the separation.
Articles of Association Amendment
In addition to the shareholder reclassification, the Board of Directors also approved amendments to the Articles of Association, subject to shareholder approval. This adjustment aligns the company’s governance documents with the revised shareholder structure. The board meeting, which addressed these key changes, began at 12:15 PM (IST) and concluded at 12:40 PM (IST) on November 24, 2025.
Source: BSE
