Adani Energy Solutions Limited (AESL), India’s largest private transmission and distribution company and part of the globally diversified Adani portfolio, today announced that effective 1^st April 2024, its incumbent Chief Financial Officer (CFO) Rohit Soni will transition from his position to a new role of Chief Financial Officer (CFO) Adani New Industries Limited (ANIL), the green hydrogen arm of Adani Enterprises.

This transition is part of a leadership capability development initiative being undertaken across the Adani portfolio companies in furtherance of a long-term vision to enhance employee engagement, build people capabilities, and create a pool of proficient and committed leaders in a diverse, fair, and respectful workplace. The Adani Leadership Acceleration Program, a six-year structured mentorship, capability enhancement, and leadership development program has been implemented across the portfolio companies for developing engaged leaders with values consistent with building high-value businesses that are rooted in sustainability, social equity, and ethics of good governance.

The Board of Directors of AESL, while accepting the letter from Mr. Soni relinquishing his position, also approved the appointment of Mr. Kunjal Mehta, who presently serves as CFO of Adani Electricity Mumbai Ltd., the distribution arm of Adani Energy Solutions, as the new CFO-designate. Mr. Mehta, who has been associated with Adani since 2016, has been instrumental in his contributions to AEML and will assume the position of AESL’s CFO from 1^st April 2024.

“Rohit has been a valued member of AESL’s senior leadership team for over two years,” said Anil Sardana, Managing Director of AESL. “He has made significant contributions to AESL, including guiding it through fast-paced expansion into new business segments, successful integration of various SPVs, and noteworthy enhancement in its credit profile. I wish Rohit the very best in his new role in ANIL – Green Hydrogen arm as its CFO. I am certain that Adani New Industries would benefit immensely from his considerable experience and deep expertise in the financial domain. I also take this opportunity to compliment and welcome our able colleague Mr. Kunjal Mehta to assume the role of CFO of AESL, the parent company.”

“I am proud of what we have achieved and feel honored to have worked with such an accomplished and resolute team,” commented Rohit Soni. “It has been a privilege to have taken part in AESL’s transformation, and I look forward to its continued success.”

About Adani Energy Solutions Limited (AESL):

AESL, part of the Adani portfolio, is a multidimensional organization with presence in various facets of the energy domain, namely power transmission, distribution, smart metering, and cooling solutions. AESL is the country’s largest private transmission company, with a presence across 17 states of India and a cumulative transmission network of 20,422 ckm and 54,661 MVA transformation capacity. In its distribution business, AESL serves over 12 million consumers in metropolitan Mumbai and the industrial hub of Mundra SEZ. AESL is ramping up its smart metering business and is on course to become India’s leading smart metering integrator with an order book of over 20 million meters. AESL, with its integrated offering through the expansion of its distribution network through parallel licenses and competitive and tailored retail solutions, including a significant share of green power, is revolutionizing the way energy is delivered to the end consumer. AESL is a catalyst for transforming the energy landscape in the most reliable, affordable, and sustainable way.