Madhuvanti Build Estate Ltd has an authorized and paid-up share capital of ₹10,000 each and has yet to start commercial operations. The company reported no turnover.
As per the filing, the acquisition by AdaniConneX Private does not qualify as a related party transaction for Adani Enterprises Ltd. Nonetheless, Madhuvanti Build Estate Ltd is either directly or indirectly controlled by the promoter or the promoter group, and the transaction was conducted at arm’s length.
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Madhuvanti Build Estate Ltd engages in infrastructure development activities and was established in India on November 11, 2019, with registration in Ahmedabad, Gujarat. Its purpose is to undertake infrastructure development activities.
The company possesses a substantial land parcel and has acquired essential licenses necessary to initiate infrastructure operations, which the filing noted will give a competitive edge to AdaniConneX Private. The acquisition has been finalized and does not require any governmental or regulatory approvals. The deal was completed in cash.
Fourth Quarter Results
Adani Enterprises reported a net loss of ₹220.7 crore for the fourth quarter, compared to a profit of ₹3,844.9 crore in the same period last year, despite a revenue increase of 20.3% year-on-year.
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Revenue for the quarter reached ₹32,439.3 crore, up from ₹26,965.9 crore in the corresponding period last year. EBITDA increased by 0.6% to ₹3,731 crore in the quarter, compared to ₹3,710 crore a year ago. EBITDA margin decreased to 11.5% from 13.8% in the previous year’s quarter.
The company released its consolidated financial results for FY26, showing total income growth of 3% year-on-year to ₹1,02,943 crore. EBITDA remained stable at ₹16,464 crore during this period.
Profit before tax was ₹4,309 crore, excluding an exceptional gain of ₹9,215 crore from the sale of AWL stake and cement units to Ambuja Cements Ltd. The company noted that core infrastructure, incubating businesses, and mining services made up 80% of EBITDA for the year.
Shares of Adani Enterprises Ltd closed at ₹2,914.60, declining by ₹15.45 or 0.53%, on the BSE.
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