News ArticleAdani Enterprises Reports No Deviation in Fund Use for Rs. 24,930.30 Crore Rights Issue in Q2 FY2026-27
CARE Ratings Limited monitoring agency confirms full compliance with issue objectives in their September 30, 2026 report
Adani Enterprises Limited's Monitoring Agency CARE Ratings Limited confirms no deviation in utilization of proceeds from the Rs. 24,930.30 crore Rights Issue for the quarter and half year ended September 30, 2026. The report assures compliance with SEBI regulations and reflects adherence to the planned use of funds as per the issue objectives.
Adani Enterprises Limited
Legal / Regulatory
Adani Enterprises Limited's Monitoring Agency, CARE Ratings Limited, issued a report for the quarter and half-year ended September 30, 2026, confirming that the proceeds from the company's Rs. 24,930.30 crore Rights Issue were utilized in full conformity with the specified objectives.
The Monitoring Agency Report, prepared under SEBI (Issue of Capital and Disclosure Requirements) Regulations, found no deviation from the stated purpose of the Rights Issue proceeds.
CARE Ratings Limited emphasized that their report is based on information provided by the company and does not constitute an audit or independent verification of data.
The report confirms that there is no conflict of interest or related party concerns in CARE Ratings Limited's monitoring role and commercial relationships with the company.
This report was reviewed by Adani Enterprises' Audit Committee before publication and was submitted in accordance with regulatory requirements.
Highlights
- Rights Issue amount: Rs. 24,930.30 crore
- Monitoring Agency: CARE Ratings Limited
- Reporting period: Quarter and half year ended September 30, 2026
- No deviations found in the use of issue proceeds
- Report prepared under SEBI regulations 32(6) and 162A(4)
- Monitoring Agency report reviewed by Audit Committee
Key Data Snapshot
What happened
- Adani Enterprises Limited raised Rs. 24,930.30 crore via a Rights Issue.
- CARE Ratings Limited was appointed as the Monitoring Agency for the Rights Issue.
- The Monitoring Agency submitted a report covering the quarter and half year ended September 30, 2026.
- The report stated that there were no deviations in the utilization of the raised funds from the stated objectives.
Regulatory and governance context
- The Monitoring Agency Report complies with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.
- The report was reviewed by the Audit Committee of Adani Enterprises before dissemination.
- CARE Ratings Limited declared no conflict of interest in its role as Monitoring Agency.
- The report is based on information provided by the company and does not constitute an audit or independent verification.
Highlights
- Rights Issue amount: Rs. 24,930.30 crore
- Monitoring Agency: CARE Ratings Limited
- Reporting period: Quarter and half year ended September 30, 2026
- No deviations found in the use of issue proceeds
- Report prepared under SEBI regulations 32(6) and 162A(4)
- Monitoring Agency report reviewed by Audit Committee
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Regulation 32(6)
- SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 Regulation 162A(4)
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