Sub: Intimation for incorporation of a Joint Venture company by wholly owned
subsidiary of the Company.
With reference to the captioned subject, we would like to inform that Adani Petrochemicals Limited (“APCL”), a wholly owned subsidiary of the Company has completed the incorporation process of a joint venture company namely “Valor Petrochemicals Limited” (“VPL”) on 4th January 2025 (confirmation of the same has been received by the Company on 6th January, 2025 at 1:56 pm IST) with Indorama Resources Limited, Thailand. APCL shall hold 50% share capital of VPL.
The details as required under SEBI (Listing Obligations and Disclosure
Requirements) Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024 are given as under:
Sr. Particulars Details
No. a) Name of the target entity, Incorporation of a Joint Venture details in brief such as size, Company i.e. Valor Petrochemicals turnover etc. Limited (“VPL”) by Adani Petrochemicals Limited (“APCL”) with Indorama Resources Limited, Thailand in the shareholding ratio of 50:50.
Adani Enterprises Limited Tel + 91 79 2656 5555
Adani Corporate House, Fax + 91 79 2555 5500 Shantigram, Nr. Vaishno Devi Circle Investor.ael@adani.com S. G. Highway, Khodiyar, www.adanienterprises.com Ahmedabad - 382421 Gujarat, India CIN: L51100GJ1993PLC019067
Registered Office : Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421 Sr. Particulars Details No. i) Authorized and Paid-up Share Capital: Rs. 5,00,000 divided into 50,000 equity shares of Rs. 10 each. ii) Turnover: Nil (yet to commence business operations) b) Whether the acquisition would Not Applicable fall within related party transaction(s) and whether the promoter/ promoter group/ group companies have any interest in the entity being acquired? If yes, nature of interest and details thereof and whether the same is done at “arms length”. c) Industry to which the entity Not Applicable being acquired belongs d) Objects and effects of VPL is incorporated with the object acquisition (including but not to set Refinery, Petrochemical and limited to, disclosure of Chemical business. reasons for acquisition of target entity, if its business is outside the main line of business of the listed entity) e) Brief details of any Not Applicable governmental or regulatory approvals required for the acquisition. f) Indicative time period for Not Applicable completion of the acquisition g) Nature of consideration - Not Applicable whether cash consideration or share swap and details of the same; Adani Enterprises Limited Tel + 91 79 2656 5555 Adani Corporate House, Fax + 91 79 2555 5500 Shantigram, Nr. Vaishno Devi Circle Investor.ael@adani.com S. G. Highway, Khodiyar, www.adanienterprises.com Ahmedabad - 382421 Gujarat, India CIN: L51100GJ1993PLC019067
Registered Office : Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421 Sr. Particulars Details No. h) Cost of acquisition or the price Not Applicable at which the shares are acquired; i) Percentage of shareholding / APCL shall hold 50% share capital of control acquired and / or VPL. number of shares acquired; j) Brief background about the VPL has been incorporated in India entity acquired in terms of and registered with Registrar of products/line of business Companies, Mumbai. acquired, date of incorporation, history of last 3 Turnover of last three years – Not years turnover, country in Applicable since VPL is yet to which the acquired entity has commence business operations. presence and any other significant information (in brief);
Kindly take the same on your records.
Thanking you,
Yours faithfully, For Adani Enterprises Limited Digitally signed by JATINKUMAR JATINKUMAR
RAMESHCHANDR RAMESHCHANDRA JALUNDHWALA A JALUNDHWALA Date: 2025.01.06 19:01:57 +05'30' Jatin Jalundhwala Company Secretary & Joint President (Legal) Membership No. FCS-3064
Adani Enterprises Limited Tel + 91 79 2656 5555
Adani Corporate House, Fax + 91 79 2555 5500 Shantigram, Nr. Vaishno Devi Circle Investor.ael@adani.com S. G. Highway, Khodiyar, www.adanienterprises.com Ahmedabad - 382421 Gujarat, India CIN: L51100GJ1993PLC019067
Registered Office : Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad – 382 421
