BSE Metal Sector Regulatory Filings — July 29, 2026

29-07-2026

Adani Enterprises Ltd reported its highest-ever quarterly EBITDA of ₹5,642 Cr in Q1 FY27, up 49% YoY, driven by strong performance from established and incubating businesses. Total income rose 50% YoY to ₹33,546 Cr. However, Profit Before Tax (excluding OFAC settlement) declined 12% YoY to ₹1,295 Cr, and the company recorded a net loss of ₹1,160 Cr due to a one-time OFAC settlement of ₹2,644 Cr. Incubating businesses showed mixed results: Airports EBITDA grew 49% YoY, but New Energy Ecosystem EBITDA fell 20% YoY.

• · Navi Mumbai Airport started international operations on July 15, 2026.
• · Ganga Expressway toll collection commenced from May 15, 2026.
• · Adani New Industries commissioned a new 1.7 GW module line in June 2026, expanding total capacity to 5.7 GW.
• · Data center business received a new hyperscale order of 400 MW in Vizag, cumulative tied-up capacity now 960+ MW.
• · 9.6 MW capacity of Pune Phase II data center handed over, operational capacity at 65.4 MW.
• · Copper business sales volume surged 4.6x YoY to 64.7 KT, with capacity utilization at 52%.
• · IRM sales volume declined 35% YoY to 8.3 MMT, while handling volume grew 34% to 6.9 MMT.
• · Mining services dispatch declined 2% YoY to 11.8 MMT; operationalized Dhirauli Mine, peak capacity at 93.1 MMTPA.
• · Wind Turbine business received Gold Medal for manufacturing competitiveness.
• · QIP of ₹15,000 Cr was oversubscribed 3.8x, with participation from domestic and global investors.
• · OFAC settlement of USD 275 Mn (₹2,644 Cr) impacted PBT and PAT.

29-07-2026

Adani Enterprises Limited (AEL) reported its unaudited consolidated financial results for the quarter ended June 30, 2026, and appointed Ms. Anju Abrol as an Independent Director for a 3-year term. The auditor's review report includes a qualified opinion related to ongoing legal proceedings at subsidiary Mumbai International Airport Limited (MIAL) involving potential misuse of funds aggregating Rs. 845.76 crore. The report also notes that 58 subsidiaries reported a total loss after tax of Rs. 1,445.03 crore, while the group's share of profit from 26 joint ventures and associates was Rs. 111.89 crore, highlighting mixed financial performance across the group.

• · The auditor's report includes a qualified opinion due to a modified opinion from MIAL's auditor on ongoing legal proceedings involving potential misuse of funds of Rs. 845.76 crore.
• · The auditor's report also includes an Emphasis of Matter paragraph regarding ongoing litigation/arbitration at MIAL over Monthly Annual Fee for the period from March 2020 to February 2022.
• · Some subsidiaries, joint ventures, and associates are incurring continuous losses, have temporarily suspended projects, or have negative net current assets, but are being treated as going concerns due to financial support from the parent.
• · Ms. Anju Abrol has over 30 years of global banking experience, including as CEO, Asia Pacific at ING Bank, and is not related to any existing directors.

29-07-2026

Adani Enterprises reported a 50% YoY increase in consolidated revenue from operations to ₹32,923.98 Cr for Q1 FY27, driven by strong growth in the Copper segment (₹10,710.48 Cr vs ₹536.57 Cr). However, the company posted a consolidated net loss of ₹1,461.54 Cr for the quarter, compared to a profit of ₹976.48 Cr in Q1 FY26, primarily due to a ₹2,644.02 Cr exceptional charge from a settlement with the U.S. OFAC. On a standalone basis, revenue grew marginally to ₹5,953.89 Cr, but the company also reported a net loss of ₹890.34 Cr.

• · The company settled with the U.S. OFAC for ₹2,644.02 Cr (USD 275 million) recorded as an exceptional item.
• · Copper segment revenue surged to ₹10,710.48 Cr from ₹536.57 Cr YoY, while the Road segment revenue declined to ₹769.64 Cr from ₹2,167.88 Cr YoY.
• · Consolidated net worth stood at ₹87,459.82 Cr as of 30th June 2026.
• · Subsequent to the quarter, the company completed a QIP raising ₹15,000 Cr by allotting 5,20,29,136 equity shares at ₹2,883 per share.
• · The company's debentures are rated 'CARE AA-' by CARE Ratings and 'ICRA AA-' by ICRA Limited.

29-07-2026

Adani Enterprises reported consolidated revenue from operations of ₹32,923.98 Cr for Q1 FY27 (quarter ended June 30, 2026), up 50% YoY from ₹21,961.20 Cr in Q1 FY26, driven by strong growth in the Copper segment (₹10,710.48 Cr vs ₹536.57 Cr). However, the company posted a consolidated net loss of ₹1,461.54 Cr for the quarter, compared to a profit of ₹976.48 Cr in the same quarter last year, primarily due to a ₹2,644.02 Cr exceptional charge related to a settlement with the U.S. Office of Foreign Assets Control (OFAC). On a standalone basis, revenue from operations was ₹5,953.89 Cr (up 1.3% YoY), with a net loss of ₹890.34 Cr.

• · The company settled with the U.S. Office of Foreign Assets Control (OFAC) for ₹2,644.02 Cr (USD 275 million) recorded as an exceptional item.
• · Copper segment revenue surged to ₹10,710.48 Cr in Q1 FY27 from ₹536.57 Cr in Q1 FY26, while the Road segment revenue declined to ₹769.64 Cr from ₹2,167.88 Cr YoY.
• · Consolidated net worth stood at ₹87,459.82 Cr as of June 30, 2026, compared to ₹57,054.29 Cr a year ago.
• · Subsequent to the quarter, the company completed a Qualified Institutional Placement (QIP) raising ₹15,000 Cr by allotting 5,20,29,136 equity shares at ₹2,883 per share.
• · The company's debentures are rated 'CARE AA-' by CARE Ratings and 'ICRA AA-' by ICRA Limited.
• · SEBI closed two show cause notices against the company in September 2025, finding no non-compliance regarding related party transactions.
• · MIAL is contesting a CBI chargesheet alleging diversion of funds; management states no financial impact is currently determinable.

29-07-2026

Adani Enterprises Ltd reported Q1 FY27 consolidated Total Income of ₹33,546 cr (up 50% Y-o-Y) and highest-ever quarterly EBITDA of ₹5,642 cr (up 49% Y-o-Y). Profit Before Tax was ₹1,295 cr (down 12% Y-o-Y) after excluding an OFAC settlement of ₹2,644 cr; Profit After Tax moved to a loss of ₹1,160 cr from PAT of ₹885 cr in prior year. The company also raised ₹15,000 cr via a QIP and reported operational ramp-ups (solar module capacity to 5.7 GW, new 400 MW hyperscale data center order), but some incubating segments like New Energy Ecosystem saw declines (EBITDA down 20% Y-o-Y).

• · Profit After Tax for Q1 FY27 was reported as a loss of ₹1,160 cr versus PAT of ₹885 cr in Q1 FY26 (material deterioration).
• · Exceptional Item: OFAC settlement of ₹2,644 cr (USD 275 mn) recorded in Q1 FY27 impacting PAT.
• · Adani New Industries commissioned a new 1.7 GW module line in June 2026, expanding module line capacity to 5.7 GW.
• · AdaniConnex tied-up cumulative data center capacity reported as 960+ MW after a new 400 MW Vizag order; Pune Phase II handed over 9.6 MW increasing operational capacity to 65.4 MW.
• · Navi Mumbai Airport commenced international operations on July 15, 2026; Aero revenue +16% YoY and Non‑aero revenue +53% YoY in Q1 FY27.
• · Ganga Expressway toll collections commenced from May 15, 2026 and ARTL added a 620.6 lane kms BOT project.
• · Module Sales volume was essentially flat: 1,350 MW in Q1 FY26 to 1,340 MW in Q1 FY27 (down 1%).
• · Copper sales surged from 11.5 KT to 64.7 KT (reported as 4.6x increase) contributing ₹749 cr EBITDA for the quarter.
• · QIP demand: ₹15,000 cr raised with 3.8x bids of base issue size; promoter shareholding revised to 71.97% post QIP (noted in presentation).

29-07-2026

Jindal Steel Limited announced via Regulation 30 disclosure that Ms. Aabha Bakaya (DIN: 05131734) and Mr. V. Sehgal (DIN: 05218876) were appointed as Additional Non-Executive Independent Directors for a term of 2 (two) consecutive years effective July 29, 2026, subject to shareholder approval. However, two incumbent Independent Directors — Mrs. Shivani Wazir Pasrich (DIN: 00602863) and Ms. Kanika Agnihotri (DIN: 09259913) — completed their second three-year terms on July 28, 2026 and ceased to be Directors; the filing includes biographical details for the new appointees and confirms neither appointee is debarred by SEBI.

• · Appointment effective date for both new Additional Directors: July 29, 2026.
• · Term for each new Additional Director: 2 (two) consecutive years, subject to shareholder approval.
• · Mrs. Shivani Wazir Pasrich and Ms. Kanika Agnihotri were appointed previously for a second term of 3 (three) consecutive years effective July 29, 2023; their terms concluded on July 28, 2026.
• · Filing confirms neither Ms. Aabha Bakaya nor Mr. V. Sehgal is debarred from holding the office of Director by SEBI or any other authority.
• · Biographical highlights: Ms. Aabha Bakaya — senior financial news editor/anchor, Founder & CEO of Ladies Who Lead, recognized as Best Business News Anchor in 2022, bachelor's degree from University of New South Wales, certificate from Columbia University.
• · Biographical highlights: Mr. V. Sehgal — Global Head of Automotive & Executive Vice Chairman at Rothschild & Co, board member of Cyient Limited, prior roles at Booz Allen Hamilton, Ford Motor Company and Daewoo Motors, engineering degrees from University of Delhi, University of Florida, MIT and an MBA from University of Chicago.

29-07-2026

Adani Enterprises Limited (AEL) filed the Monitoring Agency Report for the quarter ended June 30, 2026, confirming no deviation from the objects of its ₹24,930.30 crore Rights Issue. During Q1FY27, AEL utilized ₹2,204.53 crore of the proceeds, primarily for debt repayment and general corporate purposes, while ₹56.04 crore remains uncollected from call money. The report, reviewed by the Audit Committee and issued by CARE Ratings, indicates all utilization is in line with the offer document.

• · The Rights Issue period was November 25, 2025 to December 11, 2025.
• · No deviation from the objects of the issue was reported.
• · The original cost of objects: ₹18,698.00 Cr for debt repayment, ₹6,208.05 Cr for general corporate purposes, ₹24.25 Cr for issue expenses.
• · As of June 30, 2026, total proceeds received were ₹24,874.26 Cr, total utilized was ₹22,669.73 Cr, leaving ₹56.04 Cr unutilized in the monitoring account.
• · Of the ₹56.04 Cr uncollected, ₹32.80 Cr has been received in allotment/call accounts pending corporate actions, and ₹23.24 Cr remains unpaid.
• · The objects of repayment and issue expenses are marked as 'Completed', while general corporate purposes is 'Ongoing'.
• · The report was reviewed by the Audit Committee of the Board.

29-07-2026

Adani Enterprises Limited (AEL) announced its unaudited standalone and consolidated financial results for Q1 FY27 (quarter ended June 30, 2026), approved by the Board on July 29, 2026. The company also appointed Ms. Anju Abrol as an Independent Director for a three-year term. The auditor's review report contains a qualified opinion related to a subsidiary (Mumbai International Airport Limited) regarding investigations into alleged misuse of funds of Rs. 845.76 crore, with a net book value of Rs. 420.57 crore, and an emphasis of matter on ongoing arbitration over monthly annual fees.

• · Board meeting commenced at 01:30 pm and concluded at 02:20 pm on July 29, 2026.
• · Ms. Anju Abrol's appointment as Independent Director is for a first term of 3 years w.e.f. July 29, 2026, subject to shareholder approval.
• · Ms. Anju Abrol has over 30 years of global banking experience, including as CEO, Asia Pacific at ING Bank.
• · The auditor's report notes that some subsidiaries, jointly controlled entities and associates are incurring continuous losses, have temporarily suspended projects, or have negative net current assets, but accounts are prepared on a going concern basis with financial support from the parent.
• · The auditor's report includes a qualified opinion due to insufficient audit evidence regarding the MIAL matter (Rs. 845.76 crore alleged misuse).
• · An emphasis of matter paragraph highlights ongoing litigation/arbitration over Monthly Annual Fee for MIAL for the period March 2020 to February 2022.

29-07-2026

Adani Enterprises Limited filed a statement of deviation or variation for the quarter ended June 30, 2026, confirming no deviation in the utilisation of proceeds from its Rights Issue. The company raised INR 24,874.26 Crore through the issue, of which INR 12,409.11 Crore has been utilised as per the stated objects (repayment of borrowings and general corporate purposes). A small amount of INR 56.04 Crore from call money is yet to be received in the monitoring account.

• · The Rights Issue was made on a partly paid-up basis with three tranches: Application Money (Dec 12, 2025), First Call (Feb 4, 2026), and Second Call (Mar 24, 2026).
• · The monitoring agency for the issue is CARE Ratings Limited.
• · The Audit Committee reviewed the statement and had no comments; auditors also had no comments.