Adani Green Energy Limited

rs,

Date: November 17, 2025 To BSE Limited P J Towers, Dalal Street, Mumbai – 400 001 The National Stock Exchange of India Limited “Exchange Plaza”, B

73.97%

Portfolio Adani Portfolio: A World Class Infrastructure & Utility Portfolio Flagship Incubator (73.97%) AEL Infrastructure & Utility Core Portfolio Energy & Utility Transport & Logistics (62.43%)

62.43%

(73.97%) AEL Infrastructure & Utility Core Portfolio Energy & Utility Transport & Logistics (62.43%) AGEL Renewables (71.19%) AESL T&D (74.96%) APL IPP (37.40%) ATGL1 Gas Discom (100%) ANIL N

71.19%

ure & Utility Core Portfolio Energy & Utility Transport & Logistics (62.43%) AGEL Renewables (71.19%) AESL T&D (74.96%) APL IPP (37.40%) ATGL1 Gas Discom (100%) ANIL New Industries (50.00%) Ad

74.96%

ortfolio Energy & Utility Transport & Logistics (62.43%) AGEL Renewables (71.19%) AESL T&D (74.96%) APL IPP (37.40%) ATGL1 Gas Discom (100%) ANIL New Industries (50.00%) AdaniConneX5 Data Cent

37.40%

Utility Transport & Logistics (62.43%) AGEL Renewables (71.19%) AESL T&D (74.96%) APL IPP (37.40%) ATGL1 Gas Discom (100%) ANIL New Industries (50.00%) AdaniConneX5 Data Centre (65.89%) APSEZ

100%

ics (62.43%) AGEL Renewables (71.19%) AESL T&D (74.96%) APL IPP (37.40%) ATGL1 Gas Discom (100%) ANIL New Industries (50.00%) AdaniConneX5 Data Centre (65.89%) APSEZ Ports & Logistics (100%)

50.00%

es (71.19%) AESL T&D (74.96%) APL IPP (37.40%) ATGL1 Gas Discom (100%) ANIL New Industries (50.00%) AdaniConneX5 Data Centre (65.89%) APSEZ Ports & Logistics (100%) NQXT2 (100%) AAHL Airports

65.89%

L IPP (37.40%) ATGL1 Gas Discom (100%) ANIL New Industries (50.00%) AdaniConneX5 Data Centre (65.89%) APSEZ Ports & Logistics (100%) NQXT2 (100%) AAHL Airports Other Specialty Primary Industry

67.64%

00%) NQXT2 (100%) AAHL Airports Other Specialty Primary Industry Materials, Metal & Mining (67.64%)3 Ambuja Cements4 (50.05%) (58.08%) (72.66%) ACC4 Sanghi4 Orient4 (100%) ARTL Roads (100%

50.05%

rports Other Specialty Primary Industry Materials, Metal & Mining (67.64%)3 Ambuja Cements4 (50.05%) (58.08%) (72.66%) ACC4 Sanghi4 Orient4 (100%) ARTL Roads (100%) (64.71%) (20.00%) Coppe

58.08%

her Specialty Primary Industry Materials, Metal & Mining (67.64%)3 Ambuja Cements4 (50.05%) (58.08%) (72.66%) ACC4 Sanghi4 Orient4 (100%) ARTL Roads (100%) (64.71%) (20.00%) Copper, Aluminu

“On 17th Apr’25, Board of Directors have approved the acquisition of NQXT by APSEZ, transaction will be concluded post pending regulatory approval.”

“Hamburger Menu Icon with solid fill 4 Adani Portfolio: Best-in class growth with national footprint Predictable, high and rising free cash flow National footprint with deep coverage All figures in INR cr Tax paid Finance cost paid CAT (FFO) EBITDA 24,870 12,784 (51%) 10,418 (42%) 1,668 EBITDA 89,806 66,527 (74%) 18,711 (21%) 4,568 FY19 FY20 FY21 FY22 FY23 FY24 FY25 AEL APSEZ AGEL ATGL AESL APL Ambuja Cement Adani’s Core Infra.”

“Origination Site Development Construction • Analysis & market • Site acquisition • Engineering & design intelligence • Viability analysis • Concessions & regulatory agreements • Sourcing & quality • Project Management Consultancy (PMC) OPERATIONS Operations (AIMSL) 2 Operation • Life cycle O&M planning CONSUMERS New C.E.O.”

“(additional company is being proposed) | O&M: Operations & Maintenance l HVDC: High voltage direct current l PSU: Public Sector Undertaking (Public Banks in India) l GMTN: Global Medium-Term Notes l SLB: Sustainability Linked Bonds l AEML: Adani Electricity Mumbai Ltd.”

“• With an aim to reduce Scope 3 emissions, AGEL extensively engaged with the suppliers leading to 87% of manufacturing suppliers disclosing their GHG emissions through CDP supply chain program.”

Executive Summary

1

India can solve the supply-demand mismatch by

1

Executive Summary

India - Renewable Opportunity & AGEL - Company Profile AGEL: Business Strategy 3a Project Development Excellence 3b Operational Excellence 3c Growth with Disciplined Capital Management 4 AGEL: ESG Framework & Commitments Annexures Hamburger Menu Icon with solid fill 2 01 Adani Portfolio Adani Portfolio: A World Class Infrastructure & Utility Portfolio Flagship Incubator (73.97%) AEL Infrastructure & Utility Core Portfolio Energy & Utility Transport & Logistics (62.43%) AGEL Renewables (71.19%) AESL T&D (74.96%) APL IPP (37.40%) ATGL1 Gas Discom (100%) ANIL New Industries (50.00%) AdaniConneX5 Data Centre (65.89%) APSEZ Ports & Logistics (100%) NQXT2 (100%) AAHL Airports Other Specialty Primary Industry Materials, Metal & Mining (67.64%)3 Ambuja Cements4 (50.05%) (58.08%) (72.66%) ACC4 Sanghi4 Orient4 (100%) ARTL Roads (100%) (64.71%) (20.00%) Copper, Aluminum NDTV6 AWL7 Food FMCG (100%) (100%) (100%) (100%) PVC Mining Services & Com. Mining GCC Specialist Manufacturing8 (%): Adani Fami

India can solve the supply-demand mismatch by

▪ Power demand management - shifting power load to daytime ▪ Flexing thermal and hydro ▪ Storage – Hydro PSP and Batteries As per CEA’s National Electricity Plan – Volume II (Transmission), the peak demand by FY32 to be ~388 GW. RE contribution in the power supply is expected to increase from current 35% to 59% by FY32. Given the intermittent nature of RE sources, the energy storage systems are planned to be integrated in the grid - 47 GW BESS and 36 GW PSP capacity by FY32. Significant unmet demand during non-solar hours creates a strong case for Energy Storage Source CEA optimal mix report, AGEL Internal analysis; Nati, CEA’s National Electricity Plan – Volume II (Transmission) PSP: Pumped storage project | BESS: Battery Energy Storage System | CEA: Central Electricity Authority Hamburger Menu Icon with solid fill 10 Select YearSelect MonthDemand ShiftingThermal Tech MinSourceGWBUsSolar292.661Wind99.924Other RE336Hydro59.317Gas252Nuclear158Thermal252107BESS/ PSP installed60.6Thermal