Adani Ports and Special Economic Zone Ltd

Regulation 29(2) disclosure

• Target Company: Adani Ports and Special Economic Zone Ltd.
• Disclosing Party: Acquirer and PACs led by GQG Partners LLC, not promoter group.
• Transaction Type: Disposal of voting-rights shares.
• Pre-Transaction Holding: 73,761,439 shares, 3.20%.
• Transaction Details: 9,861,366 shares (0.43%) sold via open market; multiple trades post Aug 17, 2023.
• Post-Transaction Holding: 63,900,073 shares, 2.77% VR.
• Date(s) of Transaction: Multiple transactions between Aug 17, 2023 and Oct 9, 2026.
• Share Capital Context: Pre/post disposal equity capital INR 2,303,959,098; diluted capital unchanged.

Adani Ports and Special Economic Zone Ltd Trading Window to Close from October 1, 2026 until 48 hours after the unaudited financial results for the quarter and half year ended September 30, 2026.

Regulatory settlement

• SEBI settlement order issued against the company, two current directors, and three erstwhile directors.
• Settlement relates to alleged violations under Rule 19A of the Securities Contracts Rules and related SEBI Regulations.
• Settlement amount of INR 3,705,000; no material financial impact on the company.
• Date of receipt: September 28, 2026; SEBI settlement terms accepted.
• Settlement is without admission or denial of findings.
• Directors named: Gautam S. Adani and Rajesh S. Adani; former directors Malay Mahadevia, Rajeeva Sinha, Sudipta Bhattacharya.
• Settlement terms specify no material action beyond this settlement and no further financial obligation.
• Annexure A contains details; no other material information disclosed.

Settlement with SEBI

• SEBI issued a Settlement Order under SEBI (Settlement Proceedings) Regulations, 2018.
• Mr. B. Ravi and Mr. Karan Adani filed settlement applications; neither admits nor denies findings.
• Settlement amount of INR 13,65,000 each paid.
• Annexure confirms nil financial impact on APSEZL.
• Date of communication: 10 September 2026.
• Involves alleged violations under SEBI Listing Regulations 2015.

Paradip LOA details

• Paradip Port Authority, Paradip, Odisha, awarded the LOA for two dry bulk berths.
• Concession to mechanize, operate and maintain CQ-I and CQ-II berths on BOT basis.
• Concession period: 30 years from award date.
• Concession agreement to be signed within 30 days of LOA.
• Promoter/promoter group interest: Not applicable.
• Capacity addition of 18 MMT.
• Total domestic portfolio rises to 671 MMT.
• Supports APSEZ's target of 1 billion tonnes by 2030.

Meeting Details

• Date: 19 September 2026; Mode: Physical; Venue: Vizhinjam port; Event: Investors visit.

Participants

• Key company participant: Company Secretary; no specific management names disclosed.

Purpose

• Purpose: Investor/analyst interaction during Vizhinjam port visit.

Additional Notes

• Presentation for the meeting uploaded on the company's website.

Subject and scope

• APSEZ to start a dedicated Empty Container Yard with on-site warehousing at Mundra Port SEZ.
• ECY will offer storage, maintenance, inspection and seamless movement to exporters and CFSs.

Strategic impact and capacity expansion

• Part of Ambition 2031 to expand container handling capacity by over 6 million TEUs in five years.
• Mundra currently handles ~1.6 million TEUs empty containers annually.
• Mundra accounts for about 35% of India's container trade; APSEZ holds ~45.5% market share.
• ECY operations may be run by APSEZ and/or partners, including CFSs and shipping lines.
• Expected to improve efficiency via faster turnarounds and reduced container movements.

Meeting Details

• 17 September 2026: Interaction at Jefferies 5th India Forum; physical; Gurgaon.
• 21 September 2026: J.P. Morgan India Conference; physical; Mumbai.
• 22 September 2026: 33rd CITIC CLSA Flagship Investors' Forum; physical; Hong Kong.

Participants

• Company Secretary coordinates meeting logistics and communications.

Purpose

• Purpose: investor/analyst interactions across three external forums.

Additional Notes

• Presentation for the meetings uploaded on the company's website.

Operational Highlights

• August 2026 cargo volume record at 50 MMT, up 19% YoY.
• YTD cargo handled through August 2026: 234.4 MMT, up 16% YoY.
• Dry cargo grew 25% YoY; containers grew 15% YoY.
• Logistics rail volume 54,131 TEUs in August 2026, sequentially up 6%.
• YTD rail volume through August 2026 at 250,461 TEUs, down 33% YoY.

Strategic Developments

• Growth driven by diversified network and transshipment platforms Vizhinjam and Colombo.
• Strengthening presence in liquid and coastal/dry cargo and regional trade.
• Long-term target to reach 1 billion MT annual cargo by FY31.

Incorporation of MESA Company

• Astro Offshore MESA Company formed as 100% subsidiary of Astro Offshore PTE Limited.
• Incorporated on August 31, 2026 in the Kingdom of Saudi Arabia.
• Purpose: conduct offshore operations locally as part of the marine strategy.
• Capital of SAR 50,000.
• Wholly owned by Astro Offshore PTE Limited.
• Step-down subsidiary of Adani Ports via Astro Offshore PTE Limited.