Intimation under Regulation 30 of the Securities and Exchange Board of India.

Newzdaddy Business Updates

Date: November 27, 2024

To

BSE Limited                                           The National Stock Exchange of India Limited

P J Towers,                                            “Exchange Plaza”,

Dalal Street,                                            Bandra – Kurla Complex,

Mumbai – 400 001                                 Bandra (E), Mumbai – 400 051

Scrip Code: 541450                              Scrip Code: ADANIGREEN

Dear Sir,

Sub: Intimation under regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI Listing Regulations”)

 This is about our intimation dated November 21, 2024 (at 9:29 am) that the United States Department of Justice (“US DOJ”) and the United States Securities and Exchange Commission (“US SEC”) have issued a criminal indictment and brought a civil complaint, respectively, in the United States District Court for the Eastern District of New York, against our directors namely Mr. Gautam Adani and Mr. Sagar Adani. The US DOJ has also included our director, Mr. Vneet Jaain, in such a criminal indictment.

Articles are circulating in the media including:

• Forbes India Article published on 22 November 2024 at 03:58 pm (claiming “Adani Group’s Alleged FCPA Violation”, “The ports-to-power conglomerate founded by Gautam Adani has been accused of violating the Foreign Corrupt Practices Act”);
• CNBC Article published on 21 November 2024 at 6:37:08 PM IST (claiming

“The Adani Group is facing mounting legal challenges in the United States, with both the Department of Justice (DoJ) and the Securities and Exchange Commission (SEC) leveling bribery charges against the conglomerate under the Foreign Corrupt Practices Act (FCPA).”);

• Times of India Article published on 24 November 2024 at 07:18 IST (claiming “Separately, the US Department of Justice has indicted Gautam and Sagar Adani, former executives of Canadian pension fund CDPQ and Azure Power. They are also accused of violating the Foreign Corrupt Practices Act (FCPA).”);

• Times of India Article published on 22 November 2024 at 22:50:37 IST

(claiming “US prosecutors have indicted Gautam Adani, his nephew Sagar Adani, and others…. Charges include conspiracy to violate the Foreign Corruption Prevention Act (FCPA), securities fraud, and obstruction of justice”)

• Business Today Article published on 21 November 2024 at 8:53 pm IST (claiming “Billionaire Gautam Adani and several others, accused by US authorities… The allegations center around misleading US investors and institutions to secure billions in funding, triggering a five-count criminal indictment under the Foreign Corrupt Practices Act (FCPA).”).

Which states that certain of our directors namely Mr. Gautam Adani, Mr. Sagar Adani, and Mr. Vneet Jaain have been charged with violation(s) of the U.S. Foreign Corrupt Practices Act (“FCPA”) in the indictment. Such statements are incorrect. Mr. Gautam Adani, Mr. Sagar Adani, and Mr. Vneet Jaain have not been charged with any violation of the FCPA in the counts outlined in the indictment of the US DOJ or civil complaint of the US SEC.

These directors have been charged on three counts in the criminal indictment namely (i) alleged securities fraud conspiracy, (ii) alleged wire fraud conspiracy, and (iii) alleged securities fraud.

Please refer to our intimation dated November 27, 2024, for details about the criminal indictment and the civil complaint in terms of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements)

Regulations, 2015 read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023.

Thanking You

Yours Faithfully,

For, Adani Green Energy Limited

Pragnesh Darji

Company Secretary

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