Adani Enterprises Limited (AEL) has submitted its Monitoring Agency Report for the quarter ended December 31, 2025, as required by SEBI regulations. The report, issued by CARE Ratings Limited and reviewed by AEL's Audit Committee, confirms that the utilization of funds from the rights issue is in line with the offer document. During the third quarter of fiscal year 2026, AEL received ₹12,465.15 crore and utilized ₹8,097.56 crore. The primary utilization was ₹5,034.38 crore for repayment/pre-payment of outstanding borrowings and perpetual debt instruments, including those of its subsidiary Adani Airport Holdings Limited. Additionally, ₹3,045.18 crore was utilized for general corporate purposes, including investments/loans towards subsidiaries/JVs and working capital requirements. A sum of ₹18 crore was used for issue-related expenses. The total issue size was ₹24,930.30 crore, raised through the rights issue of 13,85,01,687 partly paid-up equity shares. As of December 31, 2025, the total utilized amount stands at ₹8,097.56 crore, with ₹4,367.59 crore remaining unutilized. The unutilized proceeds are primarily held in monitoring accounts and fixed deposits with various banks, maturing in January 2026. The company confirmed that all government/statutory approvals are in place and there are no favorable or unfavorable events significantly affecting the viability of the objects. The Board of Directors noted that there are no deviations from the stated purposes in the offer document.
