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Adani Green Energy Limited Tel +91 79 2555 5555 “Adani Corporate House”, Shantigram, Fax +91 79 2555 5500 Nr. Vaishno Devi Circle, S G Highway, investor.agel@adani.com Khodiyar, www.adanigreenenergy.com Ahmedabad – 382 421 Gujarat, India CIN: L40106GJ2015PLC082007 Registered Office: “Adani Corporate House”, Shantigram, Nr. Vaishno Devi Circle, S G Highway, Khodiyar, Ahmedabad – 382 421, Gujarat, India Date: January 23, 2026 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/ Madam, Sub: Outcome of Board Meeting held on January 23, 2026 and submission of Unaudited Financial Results (Standalone and Consolidated) for the quarter and nine months ended December 31, 2025 as per SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015 With reference to above, we hereby submit / inform that: 1. The Board of Directors (“Board”) at its meeting held on January 23, 2026, which commenced at 11:00 AM and concluded at 01:45 PM, has approved and taken on record the Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended December 31, 2025, as reviewed and recommended by the Audit Committee. 2. The Unaudited Financial Results (Standalone and Consolidated) of the Company for the quarter and nine months ended December 31, 2025 prepared in terms of Regulation 33 of the SEBI Listing Regulations together with the Limited Review Report of the Statutory Auditors. The results are also being uploaded on the Company’s website at www.adanigreenenergy.com. 3. Press Release dated January 23, 2026 on the Unaudited Financial Results of the Company for the quarter and nine months ended December 31, 2025 is enclosed herewith.

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SRBC& CO LLP Chartered Accountants , 21 st Floor, B Wing , Privilon, Ambli BRT Road, Near Iskcon Temple, OffSG Highway, Ahmedabad 380 059 Dharmesh Parikh & Co LLP Chartered Accountants, 303 /304, "Milestone", Nr. Drive-in-Cinema, Opp . T.V. Tower, Thaltej, Ahmedabad 380 054 Independent Auditor's Review Report on the Quarterly and year to date Unaudited Consolidated Financial Results of Adani Green Energy Limited Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Adani Green Energy Limited 1. We have reviewed the accompanying statement of unaudited consolidated financial results of Adani Green Energy Limited (the "Holding Company") and its subsidiaries (the Holding Company and its subsidiaries together referred to as the "Group"), its associate and joint venture for the quarter ended December 31, 2025 and year to date from April I, 2025 to December 3 1, 2025 (the "Statement") attached herewith, being submitted by the Holding Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (the "Listing Regulations"). 2. The Holding Company 's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 , as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations . The Statement has been approved by the Holding Company ' s Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review oflnterim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures . A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion . We also performed procedures in accordance with the Master Circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable . 4. The Statement includes the results of the entities as mentioned in attached Annexure I. 5. We draw attention to Note 8 of the accompanying unaudited consolidated financial results, regarding an indictment by the U.S. Department of Justice and a complaint by the U.S. Securities and Exchange Commission on certain directors of the Company , but not the Company, in respect of the matters more fully described in aforesaid note and where the proceedings in the matters are currently pending. Our conclusion is not modified in respect of this matter. 6. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of one of the joint auditors and other auditors referred to in paragraph 7 below, nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with recognition and measurement principles laid down in the aforesaid Indian Accounting Standards (' Ind AS') specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India , has not disclosed the information required to be disclosed in terms of the Listing Regulations, ..--,::~~ ~ including the manner in which it is to be disclosed , or that it contains any material misstatement. o<~ <-¢ '~ *' ~ f) 1)A' - / ,i:!/; --~ ~ :'S.A/, ~~0Acc O"

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SR BC & COLLP Chartered Accountants Dharmesh Parikh & Co LLP Chartered Accountants 7. The accompanying statement includes unaudited interim financial results and other unaudited financial information (before consolidation related adjustments) in respect of: • 49 subsidiaries, whose unaudited interim financial results and other unaudited financial information reflects total revenue of Rs I, 138 Crores and Rs 3,774 crores, total net (loss) after tax of Rs (135) Crores and Rs (141) Crores and total comprehensive (loss) of Rs (127) Crores and (123) Crores for the quarter ended December 31, 2025 and year to date from April 0 I, 2025 to December 31 , 2025 respectively , as considered in the Statement, which have been reviewed by one of the joint auditor(s), individually or together with another auditor. • 36 subsidiaries , whose unaudited interim financial results and other unaudited financial information reflects total revenue of Rs 902 Crores and Rs 3,100 crores, total net (loss)/profit after tax of Rs (83) Crores and Rs 293 Crores and total comprehensive (loss)/ income of Rs (80) Crores and 294 Crores for the quarter ended December 31, 2025 and year to date from April 01, 2025 to December 31 , 2025 respectively, as considered in the Statement, which have been reviewed by their respective independent auditor(s); • 1 associate, whose interim financial results includes the Group's share of net profit of Rs 101 Crores and Rs 329 Crores and Group's share of total comprehensive income of Rs 101 crorcs and Rs 329 Crores for the quarter ended December 31, 2025 and year to date from April 0 I, 2025 to December 3 1, 2025 respectively, as considered in the Statement, which have been reviewed by their independent auditor. The independent auditor's and other auditors reports on interim financial results and other unaudited financial information of these entities have been furnished to us by the Management and our conclusion on the Statement , in so far as it relates to the amounts and disclosures in respect of these subsidiaries and an associate is based solely on the reports of such auditors and procedures performed by us as stated in paragraph 3 above . 8. The accompanying statement includes unaudited interim financial results and other unaudited financial information (before consolidation related adjustments) in respect of: • 90 subsidiaries , whose interim financial results and other financial information reflects total revenue of Rs Nil and Rs Nil, total net (loss) after tax of Rs (9) Crores and Rs (14) Crores and total comprehensive (loss) of Rs (8) Crore and (12) Crores for the quarter ended December 31 , 2025 and year to date from April 01 , 2025 to December 31, 2025 respectively, whose financial statements and other financial information have not been audited by any auditor(s). • I joint venture, whose interim financial results includes the Group's share of net profit of Rs 2 Crore and Rs 6 Crores and Group 's share of total comprehensive income of Rs 2 Crore and Rs 6 Crores for the quarter ended December 3 I, 2025 and year to date from April 0 I, 2025 to December 3 I, 2025 respectively, whose financial statement and other financial information have not been audited by any auditor. The unaudited interim financial results and other unaudited financial information of these subsidiaries and a joint venture have not been reviewed by any auditors and have been furnished to us by the Management and our conclusion on the Statement , in so far as it relates to the affairs of these subsidiaries and a joint venture is based solely on such unaudited interim financial results and other financial information as certified by the Management. According to the information and explanations given to us by the Management, the interim financial results of these entities are not material to the Group . Page 2 of9

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SRBC&COLLP Chartered Accountants Dharmesh Parikh & Co LLP Chartered Accountants Annexure I: List of entities whose financial results are included in the Consolidated financial results of Adani Green Energy Limited for the quarter and nine months ended December 31, 2025 A) Holding Company Sr. No. Name of the Entit I Adani Green Ener Limited B) Wholly - Owned Subsidiaries Sr. No. Name of the Entity I Adani Renewable Energy (MH) Limited 2 Adani Renewable Energy (KA) Limited 3 Adani Renewable Energy Holding Five Limited (formerly known as Rosepetal Solar Energy Private Limited) 4 Adani Solar Energy Kutchh Two Private Limited (fonnerly known as Gaya Solar (Bihar) Private Limited) 5 Adani Wind Energy Kutchh One Limited (formerly known as Adani Green Energy (MP) Limited) 6 Adani Renewable Energv Holding One Limited (fonnerlv known as Mahoba Solar (UP) Private Limited) 7 Adani Wind Energy Kutchh Four Limited (fonnerly known as Adani Wind Energy (GJ) Limited) 8 Adani Renewable Energy Holding Two Limited (fo1merly known as Adani Renewable Energy Park Limited) 9 Adani Renewable Energy Holding Eleven Limited (fonnerly known as Adani Green Energy Eleven Limited) 10 Adani Renewable Energy Holding Seven Limited (formerly known as Adani Green Energy Fourteen Limited) II Adani Renewable Energy Holding Eight Limited (formerly known as Adani Green Energy Twenty Limited) 12 Adani Renewable Energy Holding Nine Limited (formerly known as Adani Green Energy Twenty One Limited) 13 Adani Renewable Energy Holding Six Limited (formerly known as Adani Green Energy Twelve Limited) 14 Adani Renewable Energy Holding Four Limited (formerlv known as Adani Green Energy Four Limited) 15 Adani Green Energy Two Limited 16 Adani Renewable Energy Holding Three Limited (formerly known as Adani Renewable Energy Park (Guiarat) Limited) 17 Adani Green Energy Pte Limited 18 Adani Renewable Energy Holding Twelve Limited (fonnerly known as Adani Green Energy Twenty Eight Limited) 19 Adani Renewable Energy Holding Fifteen Limited (fonnerly known as Adani Green Energy Twenty Two Limited) 20 Adani Wind Energy (Guiarat) Limited (fonnerly known as Soinel Energy & Infra Limited) 21 Dinkar Technologies Limited (fonnerly known as Dinkar Technologies Private Limited) 22 Adani Energy Holdings Limited (fonnerly known as SB Energy Holdings Limited) 23 Wind One Renergy Limited (fonnerly known as Wind One Renergy Private Limited) 24 Wind Three Renergy Limited (fonnerly known as Wind Three Renergy Private Limited) 25 Wind Five Renergy Limited (formerly known as Wind Five Renergy Private Limited) 26 Adani Renewable Energy Five Limited 27 Adani Renewable Energy Six Limited 28 Adani Green Energv Fifteen Limited 29 Adani Green Energy Sixteen Limited 30 Adani Saur Uria (KA) Limited Page 4 of9

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SRBC&COLLP Chartered Accou ntants Dharmesh Parikh & Co LLP Chartered Accountants C) W holly - Owned Step- Down Subsi diar ies Sr. No. Name of the Entity I Adani Hyb rid Energy Jaisalmer Four Limited (fonnerly known as RSEPL Hybrid Power One Limited) 2 RSEPL Renewable Energy One Limited 3 Adani Wind Energy Kutchh Two Limited (fonnerly known as Adani Renewable Energy (TN) Limited) 4 Adan i Wind Energy Kutchh Six Limited (forme rly known as Adani Renewable Energy (GJ) Limited) 5 . Adani Hybrid Energy Jaisalmer One Limited (fonnerly known as Adani Green Energy Eighteen Limited) 6 ·Adani Solar Energy Four Limited (fonnerly known as Adani Solar Enernv Four Private Limited) 7 Adani Solar Energy Chitrakoot One Limited (former ly known as Adani Wind Energy (TN) Limited) 8 Adani Solar Energy AP Eight Private Limited (former ly known as SB Energy Seven Private Limited) 9 Adani Green Energy Eight Limited 10 Adani Solar Ener_gv Jodhpur Two Limited (formerly known as Adani Green Energy Nineteen Limited) I I Ada ni Hybrid Energy Jaisalmer Five Limited (formerly known as Adani Renewable Energy Holding Fourteen Limited) 12 Adani Renewable Energy Two Limited 13 Adani Renewable Energy Three Limited 14 Adani Renewable Energy Four Limited 15 Ada ni Renewable Energy Ten Limited 16 Adani Renewable Energy Eleven Limited 17 Adani Green Energy Twenty Four Limited 18 Adani Green Energy Twenty Four A Limited 19 Adani Green Energy Twenty Four B Limited 20 Adani Green Energy Twenty Four C Limited 21 Adani Green Energy Twenty Five A Limited 22 Adani Green Energy Twenty Five B Limited 23 Adani Green Ener_gy Twenty Five C Limited 24 Adani Green Energy Twenty Six Limited 25 Adani Green Energy Twenty Six A Limited 26 Adan i Green Energy Twenty Six B Limited 27 Adan i Green Energy Twenty Six C Limited 28 Adani Green Energy Twenty Seven Limited 29 Adani Green Energy Twenty Seven A Limited 30 Adani Green Energy Twenty Seven B Limited 31 Adani Green Energy Twenty Seven C Limited 32 Adani Green Energy Thirtv One Limited 33 Adani Green Energy Thirtv Two Limited 34 Adani Wind Energy Kutchh Three Limited (formerly known as Adani Green Energy Three Limited) 35 Adani Wind Energy Kutchh Five Limited (formerly known as Adani Green Energy Five Limited) 36 Adani Green Ener_gy Six Limited 37 Adani Hybrid Energy Jaisalmer Two Limited (formerly known as Adani Green Energy Seven Limited) 38 Adani Solar Energy Kutchh One Limited (formerly known Adani Green Energy One Limited) 39 Adani Solar Energy AP One Limited 40 Adani Solar Energy AP Two Limited 41 Adani Solar Energy AP Three Limited 42 Adani Solar Energy AP Four Limited 43 Adani Solar Energy AP Five Limited 44 Adani Renewable Energy Seven Limited 45 Adani Renewab le Energy Eight Limited 46 Adani Renewable Energy Fifteen Limited (formerly known as Adani Renewab le Energy Fifteen Private Limited) 47 Adani Renewable Energy Devco Private Limited (formerly Known as SB Energy Private Limited) 48 Adani Solar Energy Jodhpur Three Limited (fonnerly Known as SB Energy One Private Limited) ., n Adani Solar Energy AP Six Private Limited (former ly known as SBG Cleantech Projectco Private ~ ~ Cdki~ited) ~ ?ARlk1t 0 -0~ * * «..'":, <f I~ f, 'I...... C" , FRN 0 i °2 1 I 2054W/ l= 1) % ~ .' , W100725 "D I • * ~~DAcc 0-0 Page 5 of9 ·, .. ~;.a ~~ ' 7e, cJ Acr,#<:-

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SRBC&COLLP Chartered Accountants Dharmesh Parikh & Co LLP Chartered Accountants Sr. No. Name of the Entitv 50 Adani Solar Energy Jodhpur Four Limited (fonnerly known as SB Energy Three Private Limited) 51 Adani Solar Energy Jodhpur Five Limited (fonnerly known as SB Energy Four Private Limited) 52 Adani Solar Energy KA Nine Private Limited (formerly known as SBG Cleantech Projectco Five Private Limited) 53 Adani Solar Energy RJ One Private Limited (fonnerly known as SB Energy Six Private Limited) 54 Adani Solar Energy AP Seven Private Limited (fonnerly known as SB Energy Solar Private Limited) 55 Adani Renewable Energy Holding Nineteen Private Limited (formerly known as SBE Renewables Ten Private Limited) 56 Adani Solar Energy Jaisalmer One Private Limited (fonnerly Known as SBE Renewables Ten Projects Private Limited) 57 Adani Renewable Energy Sixteen Limited (fonnerly Known as Adani Renewable Energy Sixteen Private Limited) 58 Adani Renewable Energy Twelve Limited (fonnerly Known as Adani Renewable Energy Twelve Private Limited) 59 Adani Solar Energy Jaisalmer Two Private Limited (Formerly known as SBSR Power Cleantech E\even Private Limited) 60 Adani Renewable Energy Fourteen Limited (fonnerly Known as Adani Renewable Energy Fourteen Private Limited) 61 Adani Renewable Energy Holding Eighteen Limited (fonnerly Known as Adani Renewable Energy Holding Eighteen Private Limited) 62 Adani Renewable Energy Holding Sixteen Limited (fonnerly Known as Adani Renewable Energy Holding Sixteen Private Limited) 63 Adani Solar Energy RJ Two Private Limited (fonnerly Known as SBE Renewables Sixteen Projects Private Limited) 64 Adani Renewable Energy Holding Seventeen Limited (fonnerly Known as Adani Renewable Energy Holding Seventeen Private Limited) 65 Adani Solar Energy Banner One Limited (fonnerly Known as Adani Solar Energy Banner One Private Limited) 66 Adani Renewable Energy Eighteen Limited (fonnerly Known as Adani Renewable Energy Eighteen Private Limited) 67 Adani Renewable Energy Nineteen Limited (fonnerly Known as Adani Renewable Energy Nineteen Private Limited) 68 Adani Renewable Energy Twenty Limited (fonnerly Known as Adani Renewable Energy Twenty Private Limited till October 24, 2025) 69 Adani Renewable Energy Twenty One Limited (fonnerly Known as Adani Renewable Energy Twenty One Private Limited till October 26, 2025) 70 Adani Wind Energy MP One Private Limited (formerly known as SBESS Services Projectco Two Private Limited) 71 Adani Cleantech Two Limited (formerly known as SBG Cleantech Two Limited) 72 Adani Cleantech Two Holdings Limited (fonnerly known as SBG Cleantech Two Holdings Limited) 73 Adani Six Limited (fonnerly known as SBE Six Limited) 74 Adani Six A Limited (fonnerly known as SBE Six A Limited) 75 Adani Seven Limited (formerly known as SBE Seven Limited) 76 Adani Seven A Limited (fonnerly known as SBE Seven A Limited) 77 Adani Thirteen Limited (fonner lv known as SBE Thirteen Limited) 78 Adani Thirteen A Limited (fonnerly known as SBE Thirteen A Limited) 79 Adani Fifteen Limited (fonnerlY known as SBE Fifteen Limited) 80 Adani Fifteen A Limited (fonnerly known as SBE Fifteen A Limited) 81 Adani Seventeen Limited (fonnerly known as SBE Seventeen Limited) 82 Adani Seventeen A Limited (formerly known as SBE Seventeen A Limited) Page 6 of9

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SRBC & COLLP Chartered Accountants Sr. No. Name of the Entity Dharmesh Parikh & Co LLP Chartered Accountants 83 Adani Energy Cleantech Two Holdings Limited (formerly known as SB Energy Cleantech Two Holdings Limited) 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 Ill 112 113 114 115 116 Adani Fifteen A Holdings Limited (formerly known as SBE Fifteen A Holdings Limited) Adani Seventeen A Holdings Limited (formerly known as SBE Seventeen A Holdings Limited) Adani Energy Two Holdings Limited (formerly known as SB Energy Two Holdings Limited) Adani Fifteen Holdings Limited (formerly known as SBE Fifteen Holdings Limited) Adani Seventeen Holdings Limited (formerly known as SBE Seventeen Holdings Limited) Adani Green Energy SL Limited Vento Energy Infra Limited (Formerly Known as Vento Ener_gy Infra Private Limited) Adani Solar Energy Jodhpur Seven Limited (Formerly Known as Adani Solar Energy Jodhpur Seven Private Limited) Adani Solar Energy Jodhpur Eight Limited (Formerly Known as Adani Solar Energy Jodhpur Eight Private Limited) Adani Solar Energy Jodhpur Nine Limited (Formerly Known as Adani Solar Energy Jodhpur Nine Private Limited till October 21 , 2025) Adani Solar Energy Jodhpur Ten Limited (Formerly Known as Adani Solar Energy Jodhpur Ten Private Limited) Adani Renewable Energy Thirty Five Limited Adani Renewable Energy Thirty Seven Limited Adani Renewable Energy Forty Two Limited Adani Renewable Energy Forty Three Limited Adani Renewable Energy forty Nine Limited Adani Renewable Energy Thirty Six Limited Adani Renewable Energy forty Limited Adani Renewable Energy Forty Four Limited Adani Renewable Energy Forty Seven Limited Adani Renewable Energy Sixty Limited Adani Renewable Energy Sixty Two Limited Adani Renewable Energy Sixtv Three Limited Adani Renewable Energy Fiftv Eight Limited Adani Renewable Energy Sixty One Limited Adani Renewable Energy Fifty Seven Limited Adani Renewable Energy Fifty One Limited Adani Renewable Energy Fifty Five Limited Adani Renewable Ener_gy Fifty Two Limited Adani Renewable Energy Fifty Three Limited Adani Renewable Energy Fifty Four Limited Adani Renewable Energy Fifty Nine Limited Adani Renewable Energy One Limited 117 Adani Hydro Energy Five Limited 118 Adani Hvdro Energy Two Limited 119 Adani Hydro Energy Three Limited 120 Adani Hydro Energy One Limited 121 Adani Hydro Energy Four Limited 122 Adani Green Energy Sixty Five Limited 123 Adani Green Energy Sixty Six Limited 124 Adani Green Energy Sixty Seven Limited 125 Adani Green Energy Sixty Eight Limited 126 Adani Green Energy Sixty Nine Limited 127 Adani Hydro Energy Ten Limited 128 Adani Hydro Energy Six Limited ~:"' Adani Hydro Energy Seven Limited a. I,,°' --o ~v,-- < C, <,o I~ U tJ ~~ '0 :0~ ~~O ACCO Page 7 of9

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SRBC& COLLP Chartered Accountants Dharmesh Parikh & Co LLP Chartered Accountants Sr. No. Name of the Entity [30 Adani Hvdro Energy Eight Limited 131 Adani Hvdro Energy Nine Limited 132 Adani Ecogen One Limited 133 Adani Ecogen Two Limited 134 Adani Ecogen Three Limited 135 Uriasetu Renewables Limited 136 Hvdrobloom Power Limited 137 Adani Hydro Energy Eleven Limited . 138 Adani Hydro Energy Twelve Limited 139 Adani Hydro Energy Fourteen Limited 140 Adani Hydro Energy Fifteen Limited 141 Adani Hydro Energy Seventeen Limited 142 Adani Ecogen Four Limited 143 Ecothrive Renewables Limited 144 Adani Hydro Energy Thirteen Limited 145 Adani Hydro Energy Sixteen Limited D) Step-Down Subsidiaries Sr. No. Name of the Entity Adani Renewable Energy Forty One Limited I (Wholly - Owned Step-Down Subsidiary of Adani Green Energy Limited till October 3 I, 2025, and Step-Down Subsidiary of Adani Green Energy Limited with effect from November 0 L 2025) Adani Solar Energy Jodhpur Six Limited 2 (Wholly - Owned Step-Down Subsidiary of Adani Green Energy Limited till October 31, 2025, and Step-Down Subsidiary of Adani Green Energy Limited with effect from November 0 I, 2025) E) Controlled Subsidiary & its Wholly owned subsidiaries, includin!!: steo down subsidiaries Sr. No. Name of the Entitv I Adani Green Energy Twenty Three Limited (Deemed Controlled Subsidiary) 2 Adani Green Energy (UP) Limited 3 Prayatna Develooers Limited (formerly known as Prayatna Developer s Private Limited) 4 Paramouiya Solar Energy Limited (formerly known as Parampujya Solar Energy Private Limited) 5 Wardha Solar (Maharashtra) Limited (formerly known as Wardha Solar (Maharashtra) Private Limited) 6 Kodangal Solar Parks Limited (formerly known as Kodang;al Solar Parks Private Limited) 7 Adani Renewable Ener.gy (RJ) Limited 8 Adani Renewable Energy Nine Limited (Deemed Controlled Subsidia ry) 9 Adani Hybrid Energy Jaisalmer Three Limited (formerly known as Adani Green Energy Nine Limited) 10 Adani Green Energy Twenty Five Limited (Step-Down Subsidiary of Deemed Controlled Subsidiary (i.e., Adani Renewable Energy Nine Limited)) II Adani Renewable Energy Forty Five Limited Adani Renewable Energy Sixty Four Limited 12 (Wholly - Owned Step-Down Subsidiary of Adani Green Energy Limited till September 25, 2024, and Deemed Controlled Subsidiary with effect from September 26, 2024) Adani Renewable Energy Fifry Six Limited 13 (Wholly - Owned Step-Down Subsidiary of Adani Green Energy Limited till September 25, 2024 , and Step-Down Subsidiary of Deemed Controlled Subsidiary (i.e., Adani Renewable Energy Sixty Four Limited) with effect from September 26, 2024) Page 8 of9

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adani AOANI GREEN ENERGY LIMITED ., , , ,•:~ l h l . •~ (CIN: L40106GJ2015PLC082007) Regd. Office : "Adani Corporate House•, Shantigram, Near Vaishno Davi Circle, S. G. Highway, l<hodiyar, Ahmadabad • 382421, Gujarat (lndla) Phone : 079-25555555; Fax : 079-2.6565500; Emotl : lnvestor.agel@adani.com; Website : www.ad i1nigrecncnergy.com UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2025 (? in Crores) Consolidated Sr. Particulars 3 Months •nded 3 Months endod 3 Months ended 9 Months ended 9 Months ended For the yHr endad No. 31,12.2025 30.09.2025 31.12.2024 31.12.2025 31.12.2024 31.03.202, (Unaudit11d) • CAudltod) 1 Income (a) Ravenue from Operations 1. Power Supply 2,420 2.n6 1,99J 8,508 6,829 9.495 ii. Sale of Goods I Equipments and Related Services 13 48 268 490 1,167 1,552 11i. Others (Refer note 16) 185 184 79 428 143 165 (b) Other Income 219 241 296 666 1.005 1.210 Total Income 2.837 3,249 2.636 10,092 9,144 12,422 2 Exp•ncts (a) Cost of Equipments/ Goods Solo 12 47 261 480 1.068 1,440 (b) Employee benefits expense (net) {Refer note 15) 37 47 31 117 93 128 (c) Finance Costs (net} (Refar note 17) 1,698 1,635 1,251 4,858 4,125 5.492 (d) Oepreciation and amortisation !!xpense 886 834 618 2.487 1,835 2.498 (e) Other Expenses {net) 328 J11 168 943 502 767 Tot.al Exnanses 2,961 2,874 2,329 8,885 7,623 10,325 3 (Loss)/ Prof it before shire of profit from Associate and (124) 375 JO? 1,207 1,521 2,097 Joint Venture, Exceptiona l Items and T;.ix (1-2) 4 Exceotional it!!ms (Refer note 4) (11 (83) (16) (111) (160) (l26) 5 (Loss) / Profit befor e sharo of profit from Assoc:i.:,tq .;,nd (135) 292 291 1,096 1,361 1,771 Joint Venture, and Tax (3+4) 5 Ta,c (credit}/ charge - Current Tax charge / (credit) (Refer note 18) 43 (24) 8 113 72 170 - TaK r.Uating to earlier periods charge I (credi t) 11 (2) 11 (2) (2) - Deferred rax (credit)/ charoe (Refer note 18) (91) (213) (115) (166) 26 46 7 (Lou) / Profit after tax and befora share of profit from (98) 529 400 1,138 1,265 1,557 Associate and Joint Venture (5•6) 8 Shara of Prof1t from Associate and Joint Venture 103 115 74 335 353 444 (net of tax) 9 Prof it f or the period I vHr (7+8) 5 644 474 1,473 1,618 2,001 10 Other Comprehensive Income / (Loss) ltams th;at will not be reclassified to profit or loss in substquent periods: (a) Remeasurement gain/ (loss) of defined benefit plans 1 1 2 2 (1) Add/ Less: Income fax effect (0) (0) (0) (1) a Items that wlll be reclassified to profit or loss in subsequent periods: (a) Exchange differences on trans lation of foreign 1 3 (8) 3 (23) (9) operations (b) Effective portion of gain on cash flow hedg es (net) 20 65 102 50 216 92 Add/ Lass: Income Ta1e affect (5) (17) (25) (13) (54) (23) Total Other Comarahcnsive Income (net of tu) 17 52 69 42 140 59 11 Total Comnrchensive Income (net of tilK) l9+10) 22 696 543 1,515 1,758 2,060 Net Income/ (loss) Attribut.1ble to : Equity holders of the paranc (41) 583 492 1,255 1,214 1.44 4 Non-Controlling Interest 46 61 (18) 218 404 557 Othar Comprehensive Income I (Loss) Attributable to : Equity holders or cha parent 15 36 n 29 11? 51 Non-Controlling Interes t 2 16 (2) 13 23 8 Total Comprehensive lncomo / (loss) Attr ibutable to ; Equity holders of the purent (26) 619 563 1.284 1,331 1.495 Non-Controll1nQ Interest 48 n (20) 231 •21 565 12 Paid up Equity Share Caoltal (Face Value f 10 per share) 1.647 1.647 1.584 1,647 1.584 1,584 13 Other Equity excludinQ Revalua: io n Reser1es 9,129 14 Earnings Per Share (EPS) Ct) (Not .innuallsed ) (Face Value t 10 per share) 8asoc EPS (In 'l (0,38) 3.44 2.92 7.32 ?.11 8.37 Dilutod EPS (In !) (0,38) 3.44 2.92 7,32 7.11 8.37

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adani Rcncw.:i bl c::; ADANI GREEN ENERGY LIMITED UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31 5T DECEMBER, 2025. • 1. The above consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors of Adani Green Energy Limited (the "Holding Company") in their respective meetings held on 23rd January, 2026 . 2. The Statutory Auditors have carried out limited review of consolidated financials results of the Holding Company and its subsidiaries (together referred to as the "Group"), and its share of net profit aft er tax and total comprehensive income of its joint venture and associate for the quarter and njne months ended 31st December. 2025 . 3. The Group has renewable generation operational capacity of 17,238 MW as at 31st December, 2025 whereas the same was 11,609 MW as at 31 st December, 2024 . As at 31st March, 2025, the Group operational capacity was 14,243 MW. 4. Exceptional items: (i) During the quarter and nine months ended 31st December, 2025, certain subsidiar ies and step down subsidiaries of the Holding Company have refinanced/ repaid its borrowings . On account of such prepayment of its borrowings , the Group recognised onet ime expense amounting to 'f 11 Crores and 'f 94 Crores (including 'f 83 Crores in the quarter ended 30 th September, 2025) , respectively pertain ing to unamortised borrowing cost. Similarly, during the year ended 31st March. 2025 , certain subsidiaries and step-down subsidiaries of the Holding Company had refinanced I repaid its borrowings . On account of such refinancing / repayment of its borrowings , the Group· recognised onetime expense amount ing to'{ 60 Crores (including 'f 7 Crores during the nine months ended 31'' December, 2024) pertaining to unamortised borrowing cost. Such amounts are disclosed as an exceptional item in the consolidated financial results. During the year ended 31st March, 2025, the Group had incurred certain legal and professional charges aggregating ta 'f 78 Crores to secure a combined financing facility through the issuance of foreign bonds by few of its subsidiaries. Subsequently , the management of the Group decided not to proceed with such proposed bond issuance and accordingly , such casts incurred by the Group of 'f 78 Crores related to the proposed bond issuance were written off in the books of accounts during the year ended 31 st March, 2025 (including 'f 3 Crores and 'f 63 Crores during the quarter and nine months ended 31st December, 2024 , respectively) and disclosed as an exceptional item in the consolidated financial results. (ii) During the nine months ended 31 st December, 2025 , the Group has decided not to proceed with execution of projects in certain subsidiaries and accordingly capital costs incurred by the Group amount ing to t 17 crores (in quarter ended 30t h June, 2025) in relat ion to underlying projects in such subsidiaries have been written off in the books of accounts and the same is disclosed as an exceptional item in the consolidated financial results . During the year ended 31'' March, 2025, Adani Renewable Energy Seven Limited ("ARE7L" - wholly owned subsidiary), had received a letter from Solar Energy Corporation of India to pay liquidated damages of'{ 36 Crores on account of various force majeure events as per the Power Purchase Agreement (PPA) entered by ARE7L. ARE7L fully provided the claim as exceptional item during the nine months ended 31st December, 2024 and subsequently paid such liquidated damages. Also, the Group fully provided capital costs of 'f 19 crores incurred in relation to underlying project in ARE7L during the nine month s ended 31'' December, 2024 as an exceptional item. The aggregate amount of'f 55 crores have been disclosed as an exceptional item in the consolidated financial results. for the year ended 31st March. 2025.

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adani Rcncw.:iblcs During the year ended 31st March, 2025, Adani Green Energy SL Limited ("AGESLL" - Wholly owned step down subsidiary) had applied for withdrawal from the project of setting up of 434 MW energy in Man nar and Pooneryn located in Sri Lanka. Accordingly, the capital costs off 52 Crores incurred in relation to underly ing project in AGESLL has been written off during the year ended 31st March, 2025, which is disclosed as an exceptional Item in the consolidated financial results. (iii) During the year ended 31" March, 2020, the Holding Company entered into an Investment Agreement through its subsidiary Adani Green Energy PTE Limited, Singapore to dispose off its investments in Phuoc Minh Renewables Pte. Ltd .. Singapore (formerly known as 'Adani Phuoc Minh Renewables Pte Ltd', Singapore) which was holding operations in Vietnam entities through its subsidiaries, [Phuoc Minh Solar Pte. Ltd .. Singapore (formerly known as 'Adani Green Energy (Vietnam) Pte. Limited ') and Phuoc Minh Wind Pte. Ltd., Singapore (formerly known as 'Adani Renewable Pte Limited') for total consideration of USD 6.48 million]. The Vietnam operational entities are Adani Phuoc Minh Solar Power Joint Stock Company, Vietnam (formerly known as 'Adani Phuoc Minh Solar Power Company Ltd') and Adani Phuoc Minh Wind Power Joint Stock Company , Vietnam (formerly known as 'Adani Phuoc Minh Wind Power Company Ltd') having 77.1 MW renewable projects in Vietnam . During the year ended 31" March, 2025, a Share Purchase Agreement was executed on 22nd January, 2025 with Mix Energy PTE Limited and RT Energy PTE Limited to conclude the transaction for a total consideration of USO 6.48 million (including loan of USO 4.11 millions). The transaction, including transfer of shares to Purchasers, was completed on 28th March, 2025 . As of the conclusion date, USD 5.6 million was received (including loan of USO 4.11 millions) . The Group adjusted the earlier received consideration of USO 5.6 million against the net carrying value of asset as on 28th March , 2025 . As a result, there was loss off 81 Crores for the year ended 31'' March. 2025 accounted due to the loss of control over these subsidiaries, including loss of t 13 Crores and f 35 Crores recognised during the quarter and nine months ended 31st December, 2024 respectively which is disclosed as an exceptional item in the consolidated financ ial results. 5. (i) During financial year 2023-24, in a matt er relating to differential tariff dispute with Gulbarga Electricity Supply Company Limited and Hubli Electricity Supply Company Limited (DISCOMs) and pending wi th Appellate Tribunal for Electricity ("APTEL") since 2021, Parampujya Solar Energy Limited (formerly known as Parampujya Solar Energy Private Limited) ("PSEL") and Adani Green Energy (UP) Limited ("AGEUPL") - wholly owned subsidiaries of deemed Controlled Company, Adani Green Energy Twenty Three Limited received funds from DISCOM, under protest, towards differential rate tariff (including late payment surcharge and refund of liquidity damages) and subsequently continues to realise energy supply charges at PPA rates. During the financial year 2023-24 , PSEL and AGEUPL have determined collection as ·probable " for ·revenue recognition purpose" in line with relevant Ind AS 115 - Revenue from Contracts with customers and had recognized the incremental revenue and related late payment surcharge including pertaining to past periods , Cumulative revenue recogni sed by PSEL and AGEUPL till 31st December, 2025 towards differential rate tariff oft 42 Crores, including f 1 Crore for the current quarter and f 4 Crores for the nine months ended 31'' December, 2025. The management believes that the favourable order as passed by Karnataka Electricity Regulatory Commission ("KERC") will continue to be upheld at APTEL, a forum where DISCOM has filed an appeal in the matter , expecting favourable outcome in future . (ii) In case of AGEUPL, in a matter relating to tariff dispute with Uttar Pradesh Power Corporation Limited (DISCOM) on account of delayed commissioning of the 50MW project beyond the contractually agreed as per power purchase agreement, AGEUPL has received a favourable order from Appellate Tribunal for Electric ity ("APTEL ") on 28th November, 2022 directing DISCOM to make payment against supply of energy by the Company at tariff rate off 7.02 / kWh upto October, 2022 instead of reduced tariff rate on 5.07 / kWh against which DISCOM had filed an.appeal in Hon'ble Supreme Court. Hon'ble Supreme Court via order dated 27th February, 2023 directed DISCOM to make payment at tariff off 7.02/kWh for power sale for all past periods and upto October, 2022 ,,,%-E_&_cb,>'~ • f 11 Tu ~ ~---~· !?~DAcCO~

Page 15

adani Rcncwoblcs including late payment surcharge. For subsequent period, Hon'ble Supreme Court had directed DISCOM to make payments at tariff rate on 5.07 / kWh and make provision for tariff rate difference, pending final hearing of Hon'ble Supreme Court. During the financial year 2022-23, AGEUPL has, based on the assessment of Hon'ble Supreme Court order, ascertained collection of revenue for the differential tariff rate, as "probable" for "revenue recognition purpose" in line with 'Ind AS 115 - Revenue from Contracts with Customers" and started recognizing the incremental revenue including pertaining to past periods. Cumulative revenue recognised by AGEUPL till 31'' December, 2025 is { 119 Crores towards differential rate tariff (Unrealised amount since October , 2022 is'{ 56 Crore), including '{ 4 Crore for the current quarter and '< 13 Crores for the nine months ended 31st December , 2025. Considering the appeal in the matter is pending with Hon'ble Supreme Court and the management anticipates that the sett lement and recovery of funds may take time, it has estimated that the matter is likely to be concluded over the next three years and hence the receivables have been fair valued, taking into account the time value of money and expected timing of recovery. (iii) In case of AGEUPL, in the matter relating to tariff dispute with Gulbarga Electricity Supply Company Limited (GESCOM) on account of delayed commissioning of the 20 MW project beyond the contractually agreed as per power purchase agreement. AGEUPL has received a favorable order from Hon 'ble Supreme Court on 12th August, 2024 directing DISCOM to make payment against supply of energy by AGEUPL at contractual tariff rate of'< 4.81 / kWh instead of reduced tariff rate on 4.36 / kWh. Accordingly , from the quarter ended 30 th September, 2024, AGEUPL recognised diffe rential rate tariff amounting of'< 12 crores pertaining to past period till 31st March 2024 and also recognized the incremental revenue of'< 0.49 Crores for the quarter ended 30 th June, 2024 . (iv) In the matter related to tariff dispute of (a) AGEUPL with Bangalore Electricity Supply Company Limited (BESCOM) and Chamundeshwari Electricity Supply Corporation (CESCOM) and (b) Kodangal Solar Parks Limited (formerly known as Kodangal Solar Parks Private Limited) (KSPL-Wholly owned subsidiary of deemed Controlled Subsidiary, Adani Green Energy Twenty Three Limited) with BESCOM on account of delayed commission ing of the 120 MW and 20 MW project, respectively , beyond the contractually agreed as per power purchase agreement. AGEUPL and KSPL received a favourable order from Appellate Tribunal for Electricity ("APTEL") on 14th May, 2024 directing respective DISCOMs to make payment against supply of energy by AGEUPL and KSPL at contractual tariff rate as agreed in respective power purchase agreements signed between respective parties instead of reduced tariff rate of'< 4.36 I kWh. However, both BESCOM and CESCOM appeale.d the matter in the Hon'ble Supreme Court ("SC") against the APTEL order. In the quarter e·nded 30 t h September 2024 , the AGEUPL and KSPL recognised differential tariff rate revenue of'< 94 Crores based on favourable SC judgement in GESCOM matter (as stated in note (iii) above) pertaining to past periods till 31st March 2024 and also recognised the incremental revenue of'< 4 Crores for the quarter ended 30t h June 2024. The matter was decided in Company's favour vide Hon'ble Supreme Court judgement dated 17th February, 2025 . During the financial year 2024·25, the AGEUPL and KSPL was able to realise incremental revenue recognised in the books, the Late payment surcharge (LPS) of'< 66 Crores and also amount deposi ted towards liquidated damages of'< 34 Crores (of which an amount of'< 10 crores was amortised in the past periods)

Page 16

adani Rcncw.:ib tc:; 6. During the year ended 31st March, 2023. the Group had recognized, one time incremental power sale revenue of t 544 Crores in Revenue from operations and t 205 Crores as late payment surcharge in Other Income (including'{ 502 Crores pertaining to earlier years) and during the year ended 31 st March , 2024 , the Group has also received and recognised t 53 Crores as late payment surcharge in Other Income. The matter relate to favourable order passed by Appellate Tribunal for Electricity ("APTEL") vide its order dated 7th October, 2022 for entitlement of higher PPA tariff of'{ 7.01 / kWh as against the reduced tariff oft 5.10 / kWh for power supply to Tamilnadu Generation and Distribution Corporation (TANGEDCO) by Kamuthi Solar Power Limited (KSPL) and R9mnad Renewable Energy Limited (RREL) (Since merged with deemed Controlled Company, Adani Green Energy Twenty Three Limited) against which the TANGEDCO had filed an appeal in Hon'ble Supreme Court (SC). The Hon'ble Supreme Court refused the interim relief by its order dated 17t h February , 2023 against Appellate Tribunal for Electricity ("APTEL") order. The Company continues to recognise and collect revenue during the subsequent periods towards power sale to TANGEDCO at higher PPA tariff of'{ 7.01 / kWh as it expects favourable outcome against the appeal in Hon'ble Supreme Court. Cumulative revenue recognised by Adani Green Energy Twenty Three Limited till 31st December, 2025 towards differential tariff is '{ 1055 crores (including { 20 crores for the current quarter and { 68 crores for the nine months ended 31st December, 2025) . Although the matte r is pending in appeal with the Hon'ble Supreme Court ("SC"), the management believes that the favourable order as passed by APTEL will continue to be upheld by the SC and it does not expect adjustments _ to the revenue recognised in the books. 7. In a matter relating to Wind Five Renergy Limited ("WFRL ·- wholly owned subsidiary Company), WFRL had filed petition in January, 2023 before Central Electricity Regulatory Commission (CERC) claiming the differential tariff of average power exchange price vis-a-vis what has been paid so far from PTC India Limited (PTC), along with interest . The matter relates to delay in commissioning of 50 MW project whereby Bihar Discom had refused to accept the commissioning date as certified by Solar Energy Corporation of India Limited (SECI) falling within the contractually agreed timelines under PPA. As per WFRL, this stand of DISCOM resulted into automatic termination of the PPA. WFRL vide letter dated 10th November, 2022 communicated the automatic termination of PPA w.e.f. 4t h July, 2019 based on the stand taken by Bihar Discom. WFRL is pre.sently selling power to third parties under open access pending the aforesaid petition before CERC. The management expects favourable outcome in the matter and considers the receivable oft 32 Crores accounted in the books towards energy supplied during March, 2021 to July, 2022 to be good for recovery. Considering the petition in the matter is pending with CERC and the management anticipates that the settlement and recovery of funds may take time, it has estimated that the matter is likely to be concluded over the next three years. Accordingly, the related receivables oft 32 Crores have been fair valued, taking into account the time value of money and expected timing of recovery. 8. During the previous financial year 2024-25 , the Holding Company became aware of an indictment filed by United States Department of Justice (US DOJ) against two of the executive directors and one of the non-executive directors of the Holding Company, and a civil complaint filed by Securities and Exchange Commission (US SEC). against one executive director and one non-executive director of the Holding Company. The indictment and civil complaint both have been filed in the United States District Court for the Eastern District of New York. As per the indictment. 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 for making false and misleading statements, and as per US SEC civil complaint, directors omitting material facts that rendered certain statements misleading to US investors under Securities Act of 1933 and the Securities Act of 1934. The Holding Company has not been named as Defendant in the indictment and civil complaint and no proceedings has taken place in the said matter(s) as at reporting date. In this respect. the Holding Company has also submitted and clarified to the National Stock

Page 17

adani Rcnc w .::iblcs Exchange of India and Bombay Stock Exchange of India in response to queries raised by them in the financial year 2024-25 . Further, the Holding Company confirms that it had made all appropriate disclosures in the past including in bond offering circulars . During the year ended 31st March, 2025, to uphold the principles of good governance, Holding Company appointed independent law firms to perform an independent review to assess and evaluate related non-compliance, if any, in this matter . Such independent review was completed in financial year 2024-25 and did not identify any non-compliances or irregularities in the matter(s). Based on the independent review referred to above, the Management of the Holding Company had concluded that the Holding Company and the subsidiaries have complied with applicable laws and regulations , and pending the proceedings in the rnatter(s) , as stated above, there was no material consequences on the Holding Company and its subsidiaries as at year ended 31st March, 2025, and accordingly, the consolidated financ ial results for the year ended 31st March. 2025 did not require any adjustments in this regard. Based on the legal advice obtained till date and management assessment there are no changes to the above conclusions as at and for the quarter and .nine months period ended 31st December, 2025 . 9. During the nine months ended 31st December, 2025 , the Holding Company has incorpo"rated following entities as step down subsidiaries, Sr.No, Name of Company 1. Adani Hydro Energy Ten Limited 2. Adani Hydro Energy Six Limited 3. Adani Hydro Energy Seven Limited 4. Adani Hydro Energy Eight Limited 5. Adani Hydro Energy Nine Limited 6. Adani Ecogen One Limited 7. Adani Ecogen Two Limited 8. Adani Ecogen Three Limited 9. Urjasetu Renewables Limited 10. Hydrobloom Power Limited 11 . Adani Hydro Energy Eleven Limited 12, Adani Hydro Energy Twelve Limited 13, Adani Hydro Energy Thirteen Limited 14. Adani Hydro Energy Fourteen Limited 15. Adani Hydro Energy Fifteen Limited 16. Adani Hydro Energy Sixteen Limited 17. Adanl Hydro Energy Seventeen Limited 18, Adani Ecogen Four Limited 19. Ecothrive Renewables Limited

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adani 10. The Ahmedabad Bench of the National Company Law Tribunal ('NCLT') vide its order dated 07th August, 2025, have approved Composite Scheme of Arrangement ("the Scheme·). of Adani Wind Energy (Gujarat) Private Limited, Surajkiran Solar Technologies Limited , Surajkiran Renewable Resources Limited and demerged Wind Power business undertaking of Adani Wind Energy Kutchh One Limited ("Transferor Companies / Undertaking ") with Adani Wind Energy (Gujarat) Limited (formerly known as Spinel Energy e, Infrastructure Limited) ("Resulting Company") with appointed date of 1st April , 2024 pursuant to the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 read with the rules framed thereunde r. The said Scheme has been effective from 25th August , 2025 on compliance of all the conditions precedent mentioned therein. Consequently , Upon the Scheme becoming effec tive, the aforementioned enti ties were amalgamated with "Resulting Company· from effective date 25th August, 2025 with impact being given from the appointed date of 1st April. 2024 . Since the "Transferor Companies", Demerged Business and Resulting Company are Wholly-owned subsidiaries of the Holding Company, there will be no change in the interest of Holding Company upon such Composite Scheme coming into effect . The aforesaid scheme had no impact on the Consolidated Financial Results of the Group since the scheme of amalgamation was within the step. down wholly owned subsidiaries. 11. The board of directors of the Holding Company, in their meeting held on 26th December, 2023 had approved a issuance of 6,31.43,677 Warrants, each are convertible into fully paid-up Equity Shares of the Holding Company, on a preferential basis to the Promoter Group of the Holding Company, for an aggregate amount of~ 9,350 Crores, at a issuance price of~ 1.480.75 per Warrants (derived pursuant to SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018) . Subsequently, the shareholders of the Holding Company, in the Extra-ordinary General Meeting held on 18th January , 2024, approved the issuance of Warrants on preferential basis, The Holding Company received an aggregate considerat ion of ~ 2,338 Crores on 25th January, 2024 towards minimum 25% of the total consideration of the Warrants during the financial year 2024-25 . As per the terms of warrant. each Warrant is convertible into one Equity Share of the Holding Company and the rights attached to Warrants can be exercised at anytime, within a period of 18 months from the date of allotment of Warrants. As on 3,st December, 2025, the Holding Company have received total consideration of ~ 9,350 crores (including t 2,338 Crores received on 25th January 2024 and ~ 6,855.81 Crores received during quarter ended 30th June, 2025) from the holder of Warrants to exercise the right to convert the Warrants into equity shares of the Holding Company. Consequently, during the nine months ended 31st December, 2025, the Management Committee of the Board of Directors of the Holding Company, in its meeting held on various dates, approved the conversion of 6,31,43,677 Warrants and allotment of 6,31,43,677 equity shares of the Holding Company with a face value of { 10 each, at a premium oft 1,470.75 per share, for total consideration oft 9,350 crores in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, terms of allocat ion of the warrants and other applicable rules/regulations /gu idelines, if any, prescribed by any other £·- ---:..;;_ __ regulatory or statutory authorit ies. G ~ C; U\ '7 ./ I < A..'<: ~~ ~~ 'f:'o ACCO

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adani Rcncw.:,blcs Upon such conversion, the paid-up share capital of the Holding Company stands increased to 16.47,17,61,550 divided into 1,64,71.76,155 Equity Shares of face value of~ 10/- ea_ch fully paid-up as at 31 st December, 2025 . The Holding Company has utilised the amount of ~ 9,350 Crores towards repayment of debts, investment into Unsecureq Perpetual Debt of its various subsidiaries (including step ,down subsidiaries) and other general corporate purposes of the Holding Company and its subsidiaries, in line with the .objects of the issue. 12. Considering the nature of Group's business, as well as based on review of operating results by the Chief Operating Decision Maker ("CODM") to make decisions about resource allocation and performance measurement, the Group has identified two reportable segments viz. (a) renewable power generation and other related ancillary activities and (b) sale of renewable power equipments. Sale of renewable power equipments also includes sale by an associate viz. Mundra Solar Energy Limited, which is accounted for as per equity method under relevant Ind AS standard. Following are the details of segment wise revenue, results, segment assets and segment liabilities. 3 Months 3 Months 3 Months I 9 Months 9 Months Fortho Partic ulars ended ended ended ended ended year ended 31.12.2025 30.09 .2025 31.12.2024 31.12.2025 31.12.2024 31.03.2025 I Revenue from o~erations Renewable power generation and other related 2.605 2,960 2.072 8,936 6,972 9.660 anclllary activities Sale of Goods/ Equipments and Related 312 349 474 1,479 2,213 2.BBB Services Ellmination / Adjustments (299) (301) (206) (9B9) (1,046) (1,336) Total 2,618 3,008 2,340 9,426 8,139 11,212 {Loss!/ Profit before tax Renewable power generation and other related (136) 291 2B4 1,0B6 1.262 1.659 ancillary activ ities Sale of Goods/ Eculpments and Related 125 137 96 409 522 645 Services Ellmination / Adjustments (124) (136) (89) (399) (423) (533) Total (135) 292 291 1,096 1.361 1,n1 Profit after ta>e Renewable power generation and other related (97) 531 392 1.134 1,167 1.449 ancillary activit ies Sale of Goods I Equipments and Related 102 113 82 339 451 552 Services Elimination/ Adjustments Total 5 644 474 1,473 1,618 2,001 Segment Assets Renewable power generation and oth&r related anclllary activities 1.31.762 1.24.315 1,01,468 1,31,762 1,01,46B 1,10.107 Sale or Goods I Equipments and Related Services 1.490 1,562 1,077 1.490 1,077 1,291 Total 1,33,252 1,Z5,8TT 1.02,545 1,33,252 1,02,545 1,11,398 Segment Uabilitles Renewable power generation and other related ancillary activit ies 1.03,800 95.840 79,992 1,03,BOO 79.992 B8.412 Sale of Goods/ Equipments and Related 175 278 247 175 247 413 SeNices Total 1,03,975 96,118 80,239 1,03,975 80,239 88,825

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adani Rcnc w ob lcs 13. (i) During the nine months ended 31st December, 2025, the Holding Company has repaid Unsecured Perpetual Debt of, 749 Crores to its holders and also declared and made distribution amounting to , 188 Crores to the holders of such Unsecured Perpetual Debt. Considering the Unsecured Perpetual Debt as equity in nature and classif ied as 'Instruments entirely equity in nature', payment of, 188 Crores is netted off from Other Equity. (ii) During the nine months ended 31 st December, 2025, Adani Green Energy Twenty Three Limited and Adani Renewable Energy Nine Limited has distr ibuted '{ 522 Crores (including '{ 155 Crores during the current quarter) and 32 Crores (including '{ 16 Crores during the current quarter) respectively to TotalEnergies Renewables Singapore Pte Limited (TOTAL) on Compulsory Convertible Debentures (CCD) held by TOTAL. Considering the CCD instrument is considered as equity in nature, payment of '{ 554 Crores is netted off from Non-controlling Interest (NCI) attr ibutable to TOTAL in above unaudited consolidated financial results. (iii) During the quarter and nine months ended 31st December, 2025, Adani Green Energy Twenty Three Limited has declared interim dividend of'{ 332 Crores to TotalEnergie s Renewables Singapore Pte Limited (TOTAL) on Class B equity shares held by TOTAL and amount is netted off from Non controlling Interest (NCI) attributable to TOTAL in above unaudited consolidated financial results. 14. (i) During the current quarter, RSWM Limited (RSWM) has entered into a Power Consumption Agreement ("PCA") for 52 MW with Adani Renewable Energy Forty-One Limited (ARE41L) for the purchase of electricity generated from the Company's Captive Unit , as a captive consumer. In accordance with such agreement, ARE41 L has allotted 7,001.830 Class B equity shares, each having a face value of ?10 and a premium oft 47.13 per share. to RSWM. The Group has an obligation to buy Class B equity shares on the termination of the PCA and accordingly, the amount of redemption obligation has been classified as financial liability . (ii) During the current quarter, RSWM has entered into a PCA for 50 MW with Adani Solar Energy Jodhpur Six Limited (ASEJ6L) for the purchase of electricity generated from the Company's Captive Unit, as a captive consumer. In accordance with such agreement, ASEJ6L has allotted 14,18.498 fully paid-up equity shares of Class 8 of the face value of :{ 10 each and a premium of 't 43.12 per share and 23.46,316 Optionally Convertible Redeemable Preference Shares (OCRPS) of the face value of 't 10 each and at a premium oft 43,12 per OCRPS to RSWM. The Group has an obligation to buy Class B equity shares issued as a part of transaction and that will be issued on conversion of OCRPS, on the terminat ion of the PCA and accordingly , the amount of redempt ion obligation has been classified as financial liability . 15. As On 21 st November, 2025, the Government of India notified four Labour Codes, including New Code on Wages, 2019 and the Code on Social Security, 2020, effective immediately replacing the existing 29 labour laws. The implementa tion of the Labour Codes has resulted in an increase of~ 4 Crores in the provision for defined benefit obligation, which has been recognized based on management assessment and estimate of liab ilities and has been recognised as an employee benefit expense in the current quarter and nine months ended 31st December, 2025. The Group continuous to monitor the finalization of Central and State Rules, as well as Government clarification on other aspects of the Labour Codes, and will recognise accounting treatment based on these development as required . ~CO~ ( ')., 0l'tf1

Page 21

adani Rcnc w ::iblc::. 16. Other revenue from operations for the quarter and nine months ended 31st December, 2025 and comparative periods includes Income from Viability Gap Funding and Change in Law, Income from Carbon Credit (net), Generation based incentive and Income from Project Management Consultancy services . 17. The Group does borrowings in foreign currency and the exposure to risk associated with fluctuations are mitigated through derivate instruments . The (gain)/ loss on foreign exchange fluctuations on such borrowings including net impact on realised and unrealised (gain)/ loss arising from related derivatives instruments are presented as borrowings costs as per Guidance note on Schedule Ill of the Companies Act, 2013 w.e.f . quarter and for year ended 31 st March, 2025. Till 31st December , 2024 , only exchange difference arising from foreign currency borrow ings to the extend regarded as an adjustment to interest cost in terms of paragraph 6(e) of Ind AS 23 'Borrowing Costs' along with net impact on realised and unrealised (gain)/ loss from relat ed derivative instruments was presented as borrowing costs. Accordingly , comparat ive quarter/ nine months numbers of 31st December, 2024 have been reclassified and presented under "Finance costs" for better presentation and disclosure in terms of requirement of Ind AS 1 'Presentation of Financial Statements . There is no impact on net profits f or the current financial period and comparative period presented in the results. Exchange difference Gain /(Loss) on othe r than borrowings in foreign currency, if any, is separately disclosed in the results. The above changes do not impact recognition and measurement of items in the financial statements , and, consequentially, there is no impact on total equity and/ or profit (loss) for the curren t or any of the earlier periods. 18. During the quarter and nine months ended 31st December, 2025, the current tax charge is adjusted consider ing distribution made to Compulsory Convertible Debentures (CCD). refer note 13(ii). The Group has recognised deferred tax assets/ credit oft 160 Crores on its unused tax credits of past years relat ing to its Holding Company during the quarter ended 30 th September, 2025 since it has become probable that ta~able profit will be available in future against which such tax credits can be utilised . 19. Employee benefits expense, finance cost and other expenses are net of amounts allocated on project entities (including project inventories) . Interest costs are also allocated to projects (qualifying assets) in consolidated financial results as per Ind AS 23: Borrowing Costs, consider ing qualifying assets in project entities are financed by intra group loans, which are eliminated in consolidation .

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SRBC&COLLP Chartered Accountants, 21 st Floor, B Wing, Privilon, Ambli BRT Road, Behind Iskcon Temple, Off SG Highway, Ahmedabad 380 059 Dharmesh Parikh & Co LLP Chartered Accountants, 303/304, "Milestone", Nr. Drive-in-Cinema, Opp. T.V . Tower, Thaltej, Ahmedabad 380 054 Independent Auditor's Review Report on the Quarterly Unaudited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEB[ (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended Review Report to The Board of Directors Adani Green Energy Limited I. We have reviewed the accompanying statement ofunaudited standalone financial results of Adani Green Energy Limited (the "Company") for the quarter ended December 31, 2025 and year to date from April 01, 2025 to December 31, 2025 (the "Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 , as amended (the "Listing Regulations "). 2. The Company's Management is responsible for the preparation of the Statement in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 20 l 3 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. The Statement has been approved by the Company's Board of Directors. Our responsibility is to express a conclusion on the Statement based on our review. 3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410 , "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate assurance as to whether the Statement is free of material misstatement. A review of interim financial information consists of making inquiries , primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures . A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion. 4. Based on our review conducted as above, nothing has come to our attention that causes us to believe that the accompanying Statement , prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards ('Ind AS') specified under Section 133 of the Companies Act, 2013 as amended , read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of the Listing Regulations , including the manner in which it is to be disclosed, or that it contains any material misstatement.

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adani AOANI GREEN ENERGY LIMITEO ;f.,,:.,;, . .:;~;11;~; (CIN: l40106GJ2015PLC082007) Regd. Office : "Adanl Corporate House·. Shantigram. Near Valshno Devi Circle, S. G. Highway. Khodiyar, Ahmodobad , 382421, Gujarat (India) Phone : 079·25555555 : F••: 079-26565500; Email : investor.ogel@lodoni.com; Website : www .adonigreenonergy .com UNAUOITEO STANOALONE FINANCIAL RESULTS FOR THE QUARTER ANO NINE MONTHS ENDED 31ST DECEMBER, 2025 Ct in Crores) Standalono Sr. Particulars 3 Months ended 3 Months ended 3 Months ended 9 Months iandad 9 Months endod Far tha year anded No. 31.12.2025 30.09.2025 31.12.2024 31.12.2025 31.12.2024 31,03,2025 (Unaudited) (Audited) 1 Income (a) Re\lenue from Operations i. Power Supply 1 3 1 7 8 10 ii. Sale of Goods/ Equipmencs and related 3,256 3,788 5,860 11,804 13,059 19,520 Services 111. Others (refer note 10) 98 156 61 280 85 83 (b) Other Income 281 251 240 765 829 1.136 Total Income 3,636 4,198 6,162 12,856 13,981 20,749 2 Expcinsos (a) Cost of Equipments / Goods sold 5,354 2,548 3,899 11,790 12,658 19,346 (b) Changes in inventories (2,312) 725 1,203 (874) (885) (1,501) (c) Employee benefits expense (net) 28 35 21 87 61 79 (d) Finance Costs (nee) (refer note 8) 317 318 426 977 1,382 1,749 (e) Depreciation and amortrsation expense 27 23 15 73 43 61 I (f) Other Expenses (net) 140 118 25 317 117 176 Total Eioanses 3,554 3,867 5,589 12,370 13,376 19,910 3 Profit before e1111:eptional items and taK (1·2) B2 331 573 486 605 839 4 Exceptional Items (refer note 3) (37) (17) 07) 5 Profit before tox (3 +4) B2 331 573 449 5B8 762 6 Tax Charge • Current Tax Charge • Deferred Tax (Credit)/ Charae (0) (144) 16 (142) 21 109 7 Profit aftor ta• (5-6) 82 475 557 591 567 654 8 Other Comprehensive (Loss)/ Income ltoms that will not be reclassif ied to profit or loss in subsequant periods; Remeasurement (Loss}/ Gain of defined benefit plans (OJ 1 1 2 (2) Add/ Less: Income Tax Effect 0 (0) (0) (0) 0 ltams thi1t will be recf,1ssified to profit or loss in subsequent pC?rlods: Effective portion of Gain on Cash Flow Hedges, net 82 B3 Add/ Less: Income Tax Effect (21l (21\ Total Other Comorehensive (Loss)/ lncomo (Nit of ti1k) (0) 1 1 63 60 g Total Comprehensive Income (Nat of tax) (7+8) 82 476 557 592 630 714 10 Paid up Equity Share Caoital (Face Value, 10 oer sh are) 1.647 1.647 1.584 1,647 1,584 1.584 11 Other EQuitv excludinQ Revaluation Reserves 5.879 12 Earnings Per Share (EPS) (t) (Not annualised) (Fae• Value t 10 per share) Basie and Diluted EPS (In f) 0,4g 2.gz 3.42 3.52 3.29 3.74

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adani Rcne1,v<1blcs ADANI GREEN ENERGY LIMITED UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31st DECEMBER, 2025 . Notes: 1. The above standalone financial results have been reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on 23rd January, 2026. 2. The Statutory Auditors have carried out limited review of the standalone financial results of the Company for the quarter and nine months ended 3pc December, 2025 . 3. Exceptional Items : (i) During the quarter ended 30th June, 2025, the Company, based on the assessment of recoverability of the investments in various subsidiaries including step down subsidiaries, made an impairment provision of { 37 Crores (provision made during year ended 3,st March . 2025 { 46 Crores) and the same is disclosed as an exceptional item in standalone financial results for the nine months ended 31st December, 2025 . (ii) During the year ended 3pt March. 2025, the Company had incurred certain expenses amounting to { 31 Crores ({ 17 Crores during the nine months ended 31st December, 2024) to secure a combined financing facility through the Issuance of foreign bonds by some of its subsidiaries. Subsequently, during the previous year, the management of the Company decided not to proceed with the proposed bond issuance and accordingly, such related onetime expenses incurred by the Company for the proposed bond issuance were charged off in the books of accounts, and disclosed as an exceptional item in the standalone financial results . 4. During the nine months ended 3,st December, 2025, the Company has invested { 5,916 Crores in Unsecured Perpetual Securities and received back { 3,278 Crores from Unsecured Perpetual Securities of / from various subsidiaries (including step down subsidiaries) . Distribution on Unsecured Perpetual Securities amounts received back during the year from various subsidiaries (including step down subsidiaries) are at the discretion of the issuer and thus the Company account the income on the declaration basis. The Company's investments in Unsecured Perpetual Securities are perpetual in nature with no maturity or redemption and are callable only at the option of the issuer. The distribution on these securities are cumulative and at the discretion of the issuer at the rate ranging from 10. 00 % p.a. to 10.60% p.a. As these securities are perpetual in nature, ranked senior only to the share capital of issuer and the issuer does not have any redemption obligation, these are considered to be in the nature of equity instruments. 5. During the nine months ended 31 st December. 2025, the Company has repaid Unsecured Perpetual Debt of t 749 Crores to its holder, the promoter entity, and also declared and made distribution amounting to { 188 Crores to the holder of such Unsecured Perpetual Debt. Considering the Unsecured Perpetual Debt as equity in nature and classified as 'Instruments entirely equity in nature ', payment of { 188 Crores is netted off from Other Equity . 6. The board of directors of the Company, in their meeting held on 26th December, 2023 had approved a issuance of 6,31.43,677 Warrants , each are convert ible into fully paid-up Equity Shares of the Company , on a preferential basis to the Promoter Group of the Company, for an aggregate amount oft 9,350 Crores, at a issuance price oft 1,480 .75 per Warrants (derived pursuant to sue of Capital and Disclosure Requirements) Regulations, 2018).

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adani R cn cw.:iblcs Subsequently, the shareholders of the Company, in the Extra-ordinary General Meeting held on 18th January, 2024, approved the issuance of Warrants on preferential basis. The Company received an aggregate consideration of z 2,338 Crores on 25th January, 2024 towards minimum 25% of the total consideration of the Warrants during the financial year 2024 -25. As per the terms of warrant, each Warrant is convertible into one Equity Share of the Company and the rights attached to Warrants can be exercised at anytime, within a period of 18 months from the date of allotment of Warrants. As on 3,sc December, 2025, the Company have received total consideration of ~ 9,350 crores (including z 2,338 Crores received on 25th January 2024 and z 6,855 .81 Crores received during quarter ended 30th June, 2025) from the holder of Warrants to exercise the right to convert the Warrants into equity shares of the Company. Consequently, during the nine months ended 3pt December, 2025, the Management_ Committee of the Board of Directors of the Company, in its meeting held on various dates, approved the conversion of 6,31,43,677 Warrants and allotment of 6,31,43,677 equity shares of the Company with a face value of z 1 O each, at a premium of z 1.470. 75 per share, for total consideration of z 9,350 crores in accordance with the provisions of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, terms of allocation of the warrants and other applicable rules/regulations /guidelines, if any, prescribed by any other regulatory or statutory authorities . Upon such conversion , the paid-up share capital of the Company stands increased to 16,47,17,61.550 divided into 1.64,71.76,155 Equity Shares of face value of z 10/- each fully paid-up as at 3,sc December, 2025 . The Company has utilised the amount of z 9,350 Crores towards repayment of debts, investment into Unsecured Perpetual Debt of its various subsidiaries (including step down subsidiaries) and other genera l corporate purposes of the Company. 7. During the previous financial year 2024-25, the Company became aware of an indictment filed by United States Department of Justice (US DOJ) against two of the executive directors and one of the non-executive directors of the Company, and a civil complaint filed by Securities and Exchange Commission (US SEC), against one executive director and one non-executive director of the Company. The indictment and civil complaint both have been filed in the United States District Court for the Eastern District of New York. As per the indictment, 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 for making false and misleading statements, and as per US SEC civil complaint , directors omitt ing material facts that rendered certain statements misleading to US investors under Securities Act of 1933 and the Securit ies Act of 1934. The Company has not been named as Defendant in the indictment and civil complaint and no proceedings has taken place in the said matter(s) as at reporting date. In this respect, the Company has also submitted and clarified to the National Stock Exchange of India and Bombay Stock Exchange of India in response to queries raised by them in the financial year 2024-25 . Further, the Company confirms that it had made all appropriate disclosures in the past including in bond offering circulars . During the year ended 3,sc March, 2025 , to uphold the principles of good governance, the appointed independent law firms to perform an independent review to assess and lated non-compliance, if any, in this matter . Such independe • completed

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adani Rcncw.:ibfcs in financial year 2024-25 and did not identify any non-compliances or irregularities in the matter(s). Based on the independent review referred to above, the Management of the Company had concluded that the Company and the subsidiaries have complied with applicable laws and regulations, and pending the proceedings in the matter(s), as stated above, there was no material consequences on the Company as at year ended 31st March, 2025, and accordingly, the standalone financial results for the year ended 31 st March, 202~ did not require any adjustments in this regard. Based on the legal advice obtained till date and management assessment there are no changes to the above conclusions as at and for the quarter and nine months period ended 3pt December, 2025 . 8. The Company does borrowings in foreign currency and the exposure to risk associated with fluctuations are mitigated through derivative instruments. The (gain)/ loss on foreign exchange fluctuations on such borrowings including net impact on realised and unrealised (gain) / loss arising from related derivatives instruments are presented as borrowings costs as per Guidance note on Schedule Ill of the Companies Act, 2013 w.e.f. quarter and for year ended 3,st March, 2025 . Till 3,st December, 2024, only exchange diff~rence arising from foreign currency borrowings to the extent regarded as aA adjustment to interest cost in terms of paragraph 6(e) of Ind AS 23 'Borrowing Costs' along with net impact on realised and unrealised (gain)/ loss from related derivative instruments was presented as borrowing costs. Accordingly, comparative quarter/ nine months numbers of 3,st December, 2024 have been reclassified and presented under "Finance costs· for better presentation and disclosure in terms of requirement of Ind AS 1 'Presentation of Financial Statements' . There is no impact on net profits for the current financial periods and previous periods presented in the results. The above change do not impact recognition and measurement of items in the financial results, and, consequentially, there is no impact on total equity and/ or profit/ (loss) for the current or any of the earlier periods. 9. The current tax in relation to the Company's profits for the current quarter and nine months ended 3pt December, 2025 is { Nil on account of utilisation of past unused tax credits. The Company during the quarter ended 30th September, 2025, has recognised deferred tax assets/ credit of { 160 Crores on its unused tax credits including for past periods since it has become probable that taxable profit will be available in future against which such tax credits can be utilised. 10. Other revenue from operations for the quarter and nine months ended 3pt December, 2025 includes Income from Project Management Consultancy seNices, income from Infrastructure usage and generation based government incentive . 11. As On 2,sc November, 2025, the Government of India notified four Labour Codes, including New Code on Wages, 2019 and the Code on Social Security, 2020, effective immediately replacing the existing 29 labour laws. The implementation of the Labour Codes has resulted in an increase of~ 4 Crores in the provision for defined benefit obligation, which has been recognized based on management assessment and estimate of liabilities and has been recognised as an employee benefit expense in the current quarter and nine months ended 31 st December, 2025. The Company continuous to monitor the finalization of Central and State Rules, as well as Government clarification on other aspects of the Labour Codes, and will recognise accounting treatment based on these development as ~~g"~Jtl ed. ~ :'. <' , ., <-<) i ~'l~ ~ '.P' ~ -p.A ~ ~ ~ ~~DAcc O'0

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adani Rencwablc.s 12. The Ahmedabad Bench of the National Company Law Tribunal ('NCL T') vide its order dated 7th August, 2025, have approved Composite Scheme of Arrangement ("the Scheme'), of Adani Wind Energy (Gujarat) Private Limited, Surajkiran Solar Technologies Limited , Surajkiran Renewable Resources Limited and demerged Wind Power business undertaking of Adani Wind Energy Kutchh One Limited ("Transferor Companies/ Undertaking ") with Adani Wind Energy (Gujarat) Limited (Formally known as Spine! Energy 8- Infrastructure Limited) ("Resulting Company") with appointed date of pt April, 2024 pursuant to the provisions of Sections 230 to 232 and other applicable provisions of the Companies Act , 2013 read with the rules framed thereunder. The Transferor Companies, Demerged Business and Resulting Company are Wholly owned subsidiaries of the Company. The said Scheme has been effective from 25th August , 2025 on compliance of all the conditions precedent mentioned therein , Pursuant to the Scheme approved by NCL T, the Company has received 66,77,60,333 numbers of 0.01% non-listed non-cumulative non-convertible redeemable preference shares ('Preference Shares') having face value of { 10/· each amounting to { 667.8 Crores against Equity Shares erstwhile held by the Company in Transferor Companies amounting to { 257.1 Crores. Considering the Scheme is between Wholly owned subsidiaries of the Company, Preference Shares received by the Company, pursuant to the Scheme approved by NCL T, is valued between Debt of ~ 91.1 Crores, being fair value of Preference Shares and deemed equity contribution of '< 166 Crores in aforesaid unaudited standalone financial results of the Company for the nine months ended 3,sc December, 2025, with no impact in existing investment value. Consequently , Upon the Scheme becoming effective, the aforementioned entities were amalgamated with "Resulting Company" from the appointed date of 1st April, 2024. Since the "Transferor Companies", Demerged Business and Resulting Company are Wholly-owned subsidiaries of the Company, there will be no change in the interest of the Company upon such Composite Scheme coming into effect. 13. The Company's activities involve sale of solar 8- wind power equipments, renewable power generation and other related ancillary act ivities (including sale to subsidiaries). Considering the nature of Company's business. as well as based on review of operating results by the Chief Operating Decision Maker to make decisions about resource allocation and performance measurement, there is only one reportable business segment in accordance with the requirements of Ind AS - 108 - "Operating Segments ". 14. Employee benefits expense, finance cost and other expenses are net of costs allocated on projects and inventory of traded goods which are sold/ to be sold to subsidiaries and are also net of costs allocated to subsidiaries based on cost sharing arrangements.

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 Most advanced renewable technologies deployed: The plant deploys the most advanced bifacial solar modules and trackers to maximise electricity generation. It also deploys India’s largest 5.2 MW wind turbine, which is also one of the most powerful onshore wind turbines globally. The deployment of waterless robotic cleaning in the entire plant, not only leads to near zero usage of water for module cleaning but also increases electricity generation. ESG LEADERSHIP:  Consistently recognized for ESG commitment:  AGEL is ranked No. 1 in Annual Global Top 100 Green Utilities Rankings for 2025 by Energy Intelligence.  AGEL has deepened nature-positive leadership, taking a significant step in sustainability journey by mainstreaming the Taskforce on Nature-related Financial Disclosures (TNFD) framework into our operations.  AGEL ranked India’s top sustainability performer for the second consecutive year in power sector in latest ESG ratings by NSE Sustainability Ratings & Analytics. AGEL earned the highest sustainability score across the industry segment.  AGEL won Water Stewardship and Clean Energy Champion awards in the Gold Category at the Financial Express Green Sarthi Awards 2025. About Adani Green Energy Limited Adani Green Energy Ltd (AGEL) is India’s largest and one of the leading renewable energy companies in the world enabling the clean energy transition. AGEL develops, owns, and operates utility scale grid-connected solar, wind, hybrid and energy storage solutions. AGEL currently has an operating renewable portfolio of over 17.2 GW, the largest in India, spread across 12 states. The company has set a target of achieving 50 GW by 2030 aligned to India’s decarbonization goals. AGEL is focused on leveraging technology to reduce the Levelized Cost of Energy (LCOE) in pursuit of enabling largescale adoption of affordable clean energy. AGEL is developing the world’s largest renewable energy plant (30 GW) on barren land at Khavda, Gujarat, covering 538 square kilometers, an area five times larger than Paris. AGEL’s operating portfolio is certified ‘water positive’, ‘single-use plastic free’ and ‘zero waste-to-landfill’, a testament to the company’s commitment to power sustainable growth. For more information, visit: www.adanigreenenergy.com 7,72230,000Operational - Dec 2025 Target - 2029Renewable Energy Capacity in Khavda (MW)

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Interim report

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