Adani Enterprises Limited has received approval from the Ahmedabad bench of the National Company Law Tribunal (NCLT) for its Composite Scheme of Arrangement, marking a key step in restructuring multiple group entities.
The scheme, sanctioned on March 16, 2026, is aimed at simplifying the corporate structure, improving operational efficiency, and creating long-term value for shareholders. The company is currently awaiting the certified copy of the tribunal’s order to proceed further.
Structure of the Scheme
The approved arrangement involves multiple Adani Group entities, including Adani Green Technology Limited (AGTL), Adani Emerging Businesses Private Limited (AEBPL), Adani Tradecom Limited (ATL), and Adani New Industries Limited (ANIL).
As part of the restructuring, AGTL and AEBPL will be merged into Adani Enterprises Limited. Additionally, all equity shares of AGTL currently held by ATL will be cancelled.
In terms of consideration, shareholders of AEBPL will receive 11 equity shares of Adani Enterprises for every 553 shares held.
Merger of ATL and ANIL
The scheme also includes the amalgamation of Adani Tradecom Limited into Adani New Industries Limited. Under this arrangement, ANIL will issue 1 equity share for every 10 shares held by ATL shareholders.
This consolidation is expected to streamline business operations and align group entities more efficiently within the broader corporate framework.
Implementation Timeline
The scheme will come into effect upon completion of all regulatory formalities and receipt of necessary approvals. The final “Effective Date” will also serve as the “Appointed Date” for accounting purposes.
Adani Enterprises has indicated that it will inform stock exchanges once the scheme is fully implemented.
Summary
Adani Enterprises Limited has secured NCLT approval for a Composite Scheme of Arrangement involving multiple group entities. The restructuring includes mergers of AGTL and AEBPL into AEL, and ATL into ANIL, along with defined share swap ratios. The move is aimed at simplifying the group structure, improving efficiency, and enhancing shareholder value, with implementation pending final procedural approvals.
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