Adani Energy Solutions shareholders and shareholding pattern

NSE: ADANIENSOLBSE: 539254PowerLarge Cap

Adani Energy Solutions Limited · Formerly Adani Transmission · Face value ₹10 · Listed Jul 2015

₹1,294.00₹17.60 (1.34%)BSE ₹1,295.00

Share price at the NSE close on 28 Oct 2026. Previous close ₹1,311.60.

28 Oct: open ₹1,305.00, high ₹1,306.40, low ₹1,278.10

52-week range of traded prices to 28 Oct 2026

₹803.10Low, 23 Jan 2026₹1,789.00High, 21 Jul 2026

Market cap: ₹1,58,250 Cr63rd largest listed
P/E: 42.68
P/B: 5.06
Dividend yield: Nonein the last 12 months
ROE: 13.6%
ROCE: 10.0%
Debt to equity: 1.59
Volume, NSE: 12,21,76148.0% delivered

Adani Energy Solutions' shareholding pattern for Sep 2026, filed on 10 Oct 2026, with every filing from Dec 2016: who owns its shares by group, its promoters by name and its public holders of 1% or more.

Who owns Adani Energy Solutions, filing by filing

Per cent of the company's shares.

Sep 2026 filing

Promoters73.39%
Foreign institutions9.56%
Indian institutions13.61%
GovernmentsNone
Individuals and others3.44%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Governments
Individuals and others

Per cent	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	75.00%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	74.92%	73.87%	73.87%	74.19%	71.65%	68.28%	73.22%	73.22%	73.22%	74.94%	69.94%	69.94%	69.94%	71.19%	71.19%	71.19%	72.73%	74.71%	73.39%
Indian promoters	66.41%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	66.33%	65.40%	65.40%	65.40%	62.85%	62.52%	62.52%	62.52%	62.52%	62.69%	58.21%	58.21%	58.21%	58.21%	58.21%	58.21%	59.74%	59.74%	58.69%
Foreign promoters	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.59%	8.47%	8.47%	8.79%	8.79%	5.75%	10.70%	10.70%	10.70%	12.26%	11.73%	11.73%	11.73%	12.98%	12.98%	12.98%	12.98%	14.97%	14.70%
	25.00%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	25.08%	26.13%	26.13%	25.81%	28.35%	31.72%	26.78%	26.78%	26.78%	25.06%	30.06%	30.06%	30.06%	28.81%	28.81%	28.81%	27.27%	25.29%	26.61%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	19.93%	19.32%	21.05%	19.65%	17.73%	17.49%	17.49%	15.54%	18.66%	17.33%	17.58%	15.85%	13.05%	13.47%	12.23%	10.13%	9.56%
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	19.24%	17.73%	15.96%	14.77%	12.45%	9.60%	12.88%	11.45%	16.24%	14.36%	11.79%	12.14%	10.88%	8.88%	8.61%
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	19.93%	19.32%	1.80%	1.92%	1.78%	2.72%	5.04%	5.93%	5.78%	5.89%	1.34%	1.49%	1.27%	1.33%	1.35%	1.26%	0.96%
Other foreign institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.59%	3.77%	3.80%	3.82%	3.87%	3.83%	3.80%	3.97%	5.38%	5.85%	6.33%	6.89%	9.96%	10.14%	10.25%	11.76%	13.61%
Mutual funds	0.56%	0.53%	0.13%	0.08%	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%	0.01%	0.13%	0.22%	0.18%	0.14%	0.12%	0.10%	0.12%	0.14%	0.15%	0.15%	0.13%	0.13%	0.12%	0.14%	0.19%	0.14%	0.11%	0.27%	1.34%	1.91%	2.45%	3.19%	6.26%	6.44%	6.59%	8.08%	9.38%
Insurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	2.42%	2.42%	2.42%	2.78%	3.07%	3.28%	3.46%	3.65%	3.68%	3.68%	3.68%	3.68%	3.69%	3.70%	3.48%	3.55%	3.61%	3.61%	3.62%	3.62%	3.58%	3.59%	3.71%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%	0.02%
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	0.00%	0.00%	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.52%	0.39%	0.27%	0.09%	0.09%	0.08%	0.07%	0.08%	0.09%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.41%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.61%	2.72%	3.51%	8.25%	5.17%	5.46%	5.49%	5.55%	6.02%	6.87%	6.15%	6.07%	5.79%	5.20%	4.79%	3.39%	3.44%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.66%	0.77%	1.36%	2.36%	2.51%	2.78%	2.86%	2.92%	2.69%	3.38%	3.10%	2.97%	2.87%	2.38%	2.11%	2.04%	2.02%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.31%	0.31%	0.40%	0.63%	0.63%	0.64%	0.60%	0.59%	0.93%	1.01%	0.83%	0.78%	0.74%	0.70%	0.61%	0.58%	0.61%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.08%	0.06%	0.17%	0.25%	0.36%	0.38%	0.32%	0.35%	0.76%	0.80%	0.55%	0.69%	0.56%	0.52%	0.48%	0.44%	0.45%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.03%	0.03%	0.04%	0.06%	0.07%	0.08%	0.08%	0.09%	0.09%	0.11%	0.12%	0.10%	0.10%	0.09%	0.09%	0.09%	0.09%
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.41%	1.41%	1.41%	1.41%	0.82%	0.94%	0.97%	0.52%	0.96%	0.91%	1.31%	1.31%	1.31%	1.31%	1.31%	0.06%	0.06%
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.00%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.11%	0.13%	0.12%	3.54%	0.77%	0.63%	0.65%	1.06%	0.59%	0.65%	0.24%	0.22%	0.20%	0.19%	0.20%	0.17%	0.20%
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.04%	0.02%	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.01%	–	0.01%	3.37%	0.58%	0.46%	0.46%	0.89%	–	0.40%	Under 0.01%	Under 0.01%	0.01%	0.01%	0.02%	0.01%	0.03%
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.08%	–	0.09%	0.13%	0.15%	0.14%	0.14%	0.14%	–	0.20%	0.18%	0.18%	0.17%	0.16%	0.14%	0.14%	0.15%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	0.01%
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	–	0.03%	0.04%	0.04%	0.03%	0.05%	0.03%	–	0.05%	0.05%	–	–	–	–	–	–
Body Corporate - LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.03%	–	–
Body Corp-Ltd Liability Partnership	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.01%
Promoter shares pledgedShare of the promoters' own shares	31.39%	30.99%	22.22%	19.58%	16.83%	22.92%	37.06%	54.08%	44.43%	52.02%	50.37%	43.93%	35.29%	53.63%	35.78%	29.11%	27.77%	12.02%	8.25%	8.17%	7.22%	6.74%	5.90%	4.96%	6.62%	3.75%	4.19%	3.34%	2.89%	2.58%	2.28%	0.49%	0.81%	0.81%	0.79%	0.79%	0.55%	0.54%	0.00%	0.00%
Shares in issue	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,09,98,10,083	1,11,54,92,683	1,11,54,92,683	1,11,54,92,683	1,11,54,92,683	1,11,54,92,683	1,11,54,92,683	1,11,54,92,683	1,11,54,92,683	1,11,54,92,683	1,20,12,82,642	1,20,12,82,642	1,20,12,82,642	1,20,12,82,642	1,20,12,82,642	1,20,12,82,642	1,20,12,82,642	1,20,12,82,642	1,22,29,54,468
Shares locked in	21,99,62,017	21,99,62,017	21,99,62,017	21,99,62,017	21,99,62,017	21,99,62,017	21,99,62,017	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	1,56,82,600	1,56,82,600	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–
Promoters' shares locked in	21,99,62,017	21,99,62,017	21,99,62,017	21,99,62,017	21,99,62,017	21,99,62,017	21,99,62,017	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	–	–	–	–	–	–

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Adani Energy Solutions shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
All shareholders	58,181	57,168	54,682	51,543	52,869	51,685	52,013	47,533	44,523	42,663	40,954	39,998	40,778	42,441	49,343	58,173	54,215	75,527	1,27,137	1,13,375	95,731	88,941	1,25,733	1,27,095	1,52,432	3,22,851	4,26,135	4,21,057	4,76,626	4,78,125	4,93,621	4,50,283	5,49,520	5,27,137	5,00,926	4,89,248	4,37,571	4,03,625	3,85,315	3,82,685
	10	7	7	7	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	9	8	9	9	9	8	8	8	8	9	9	9	9	9	9	9	10	16	16
Indian promoters	8	3	3	3	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	5	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	5	9	9
Foreign promoters	2	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	4	5	5	5	4	4	4	4	5	5	5	5	5	5	5	5	7	7
	58,171	57,161	54,675	51,536	52,860	51,676	52,004	47,524	44,514	42,654	40,945	39,989	40,769	42,432	49,334	58,164	54,206	75,518	1,27,128	1,13,366	95,722	88,932	1,25,725	1,27,086	1,52,423	3,22,842	4,26,127	4,21,049	4,76,618	4,78,117	4,93,612	4,50,274	5,49,511	5,27,128	5,00,917	4,89,239	4,37,562	4,03,615	3,85,299	3,82,669
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	479	453	431	161	142	143	145	149	196	172	168	184	187	187	191	215	474
Foreign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	404	146	129	129	131	138	178	160	156	170	174	174	173	192	445
Foreign portfolio investors, category II	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	479	453	27	15	13	14	14	11	17	12	12	14	13	13	18	23	29
Other foreign institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	1	0	0	0	0	0	0	0	0
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	28	31	27	27	28	29	35	33	64	62	64	50	56	53	53	80	89
Mutual funds	4	3	2	2	–	–	1	1	1	2	2	3	3	13	14	14	14	16	15	15	17	18	18	18	19	18	18	18	19	19	20	22	24	28	29	32	32	33	37	41
Insurance companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	4	4	3	3	2	1	1	2	2	2	1	1	1	1	3	3	4	3	3	4	7	6	6	12	17
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	3	3	3	3	3	3	3	3	3	3	3	3	4	3
Provident and pension funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	0	0	0	1	1
Alternative investment funds	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	–	0	0	0	1	2	4	2	1	1	2	2	1	28	25	24	10	10	8	7	22	19
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	3	3	4	5	4	8	6	6	7	6	4	4	4	4	4	8
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0
Central government	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	0	0	0	0	0	0	0	0	0
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,26,578	1,51,938	3,22,383	4,25,938	4,20,878	4,76,445	4,77,936	4,93,429	4,50,014	5,49,277	5,26,896	5,00,683	4,88,996	4,37,322	4,03,371	3,85,004	3,82,106
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,23,361	1,48,654	3,17,611	4,19,979	4,14,287	4,69,333	4,70,209	4,85,145	4,40,935	5,38,959	5,16,725	4,90,918	4,79,269	4,28,171	3,94,692	3,74,573	3,71,435
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	58	58	62	90	98	106	105	120	157	166	138	126	129	110	95	95	106
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	271	298	423	596	654	690	718	762	955	1,023	922	843	754	693	635	949	1,041
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,574	1,568	2,210	2,636	2,844	3,150	3,448	3,723	3,953	4,554	4,711	4,493	4,570	4,485	4,354	5,295	5,480
Foreign nationals	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Foreign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Directors and their relatives	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	2	2	2	2	2	2	2	3	3	2	3	3
Key managers	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0	1	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,310	1,355	2,072	2,632	2,990	3,161	3,451	3,674	4,009	4,570	4,395	4,298	4,268	3,857	3,589	4,086	4,038
Bodies Corporate	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	89	86	–	–	–	–
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	96	–	80	15	11	15	15	14	–	17	13	13	58	46	47	58	57
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1,184	–	1,959	2,562	2,914	3,078	3,355	3,569	–	4,439	4,275	4,191	4,119	3,726	3,467	3,879	3,877
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	–	1	2	2	1	2	2	–	4	4	5	5	3	3	5	6
Others	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	27	–	32	53	63	67	79	89	–	110	103	–	–	–	–	–	–
Body Corporate - LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	82	72	–	–
Body Corp-Ltd Liability Partnership	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	144	98

Adani Energy Solutions promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani (on behalf of S.B. Adani Family Trust), 49.20%. The filing names 3 more members with no shares.Promoter buying and selling

Holder
Gautambhai Shantilal Adani and Rajeshbhai Shantilal Adani (on behalf of S.B. Adani Family Trust)Indian companies, trusts and others	49.20%	60,16,34,660
Adani Tradeline Private LimitedIndian companies, trusts and others	7.98%	9,76,17,325
Gelt Bery Trade and Investment LimitedForeign companies and others	5.30%	6,47,60,500
Worldwide Emerging Market Holding LimitedForeign companies and others	2.47%	3,02,49,700
Afro Asia Trade and Investments LimitedForeign companies and others	2.47%	3,02,49,700
Emerging Market Investment DMCCForeign companies and others	2.21%	2,70,33,500
Adani Infra (India) LimitedIndian companies, trusts and others	1.51%	1,84,50,000
Ardour Investment Holding LtdForeign companies and others	1.23%	1,50,00,000
Infinite Trade and Investment LimitedForeign companies and others	0.72%	88,12,400
Flourishing Trade and Investment LimitedForeign companies and others	0.30%	36,88,000
Karan Gautam AdaniIndividuals and Hindu undivided families	0.00%	10
Jeet Gautam AdaniIndividuals and Hindu undivided families	0.00%	10
Gautambhai Shantilal AdaniIndividuals and Hindu undivided families	0.00%	1
Sagar Rajesh AdaniIndividuals and Hindu undivided families	0.00%	10
Rajeshbhai Shantilal AdaniIndividuals and Hindu undivided families	0.00%	1
Pranav Vinod AdaniIndividuals and Hindu undivided families	0.00%	10

No promoter shares are reported as pledged.

Largest public holders of Adani Energy Solutions, filing by filing

Per cent, on the same shares as the split above.Mutual funds holding Adani Energy Solutions

Holder	Dec 2016	Mar 2017	Jun 2017	Sep 2017	Dec 2017	Mar 2018	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Life Insurance Corporation of IndiaInsurance companies	2.55%	2.55%	2.55%	2.55%	2.55%	2.61%	2.61%	2.61%	2.61%	2.55%	2.55%	2.54%	2.42%	2.42%	2.42%	2.42%	2.42%	2.42%	2.42%	2.42%	2.78%	3.07%	3.28%	3.46%	3.65%	3.68%	3.68%	3.68%	3.00%	3.00%	3.68%	3.42%	3.42%	3.42%	3.42%	3.42%	3.42%	3.42%	3.33%	3.13%
Goldman Sachs Trust Ii - Goldman Sachs Gqg Partners International Opportunities FundForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2.49%	2.51%	2.71%	2.71%	2.81%	2.93%	2.93%	2.93%	2.93%	2.93%	2.97%	2.78%	1.71%
Gqg Partners Emerging Markets Equity FundForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.82%	1.86%	1.89%	2.17%	2.30%	2.30%	1.86%	1.86%	1.91%	1.36%	–
Multi Ventures LimitedForeign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.31%	1.31%	1.31%	1.31%	1.31%	–	–
Inq Holding LlcForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.07%	1.07%	1.07%	1.07%	1.07%	–	–
Envestcom Holding Rsc LtdForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.82%	4.95%	4.60%	4.60%	4.60%	2.68%	–	–	–	–	–
Elara India Opportunities Fund LimitedForeign portfolio investors, category I	4.26%	4.26%	4.93%	4.97%	4.68%	4.62%	4.62%	4.62%	4.62%	4.62%	4.62%	4.62%	4.62%	4.62%	4.63%	4.64%	4.66%	4.66%	4.63%	4.27%	4.26%	4.09%	3.98%	3.88%	3.62%	3.62%	3.61%	1.97%	1.97%	1.69%	–	–	–	–	–	–	–	–	–	–
Lts Investment Fund LimitedForeign portfolio investors, category I	–	–	–	–	–	–	1.57%	1.58%	1.56%	1.57%	1.57%	1.57%	1.58%	1.59%	1.59%	1.61%	1.61%	1.65%	1.65%	1.65%	1.65%	1.65%	1.63%	1.63%	1.63%	1.63%	1.63%	1.63%	1.53%	–	–	–	–	–	–	–	–	–	–	–
Apms Investment Fund LimitedForeign portfolio investors, category I	–	–	–	–	1.05%	1.62%	1.62%	1.62%	1.62%	1.56%	1.56%	1.56%	1.56%	1.59%	1.71%	1.74%	1.81%	1.88%	1.88%	1.88%	1.88%	1.88%	1.86%	1.86%	1.86%	1.86%	1.86%	1.37%	1.09%	–	–	–	–	–	–	–	–	–	–	–
Asia Investment Corporation (Mauritius) LimitedForeign portfolio investors, category I	–	–	–	–	–	–	1.36%	1.46%	1.47%	1.47%	1.47%	1.47%	1.47%	1.48%	1.50%	1.50%	1.56%	1.58%	1.58%	1.58%	1.58%	1.58%	1.56%	1.56%	1.56%	1.56%	1.56%	1.21%	–	–	–	–	–	–	–	–	–	–	–	–
Jefferies India Private LimitedForeign portfolio investors, category I	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.04%	–	–	–	–	–	–	–	–	–	–	–	–	–
Cresta Fund LimitedForeign portfolio investors, category I	3.83%	3.83%	3.98%	3.98%	3.94%	3.93%	3.93%	3.93%	3.93%	3.92%	3.92%	3.92%	3.92%	3.89%	3.89%	3.89%	3.93%	3.93%	3.21%	2.53%	2.53%	2.45%	2.16%	1.92%	1.60%	1.56%	1.52%	–	–	–	–	–	–	–	–	–	–	–	–	–
Green Transmnission Investment Holding RSC LimitedForeign companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.41%	1.41%	–	–	–	–	–	–	–	–	–	–	–	–	–
Albula Investment Fund LtdInstitutions Foreign Portfolio Investor	1.66%	1.66%	1.73%	1.73%	2.38%	2.56%	2.56%	2.56%	2.57%	2.57%	2.57%	2.57%	2.57%	2.57%	2.57%	2.59%	2.59%	2.23%	1.56%	1.47%	1.19%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Vespera Fund LimitedInstitutions Foreign Portfolio Investor	1.19%	1.19%	1.19%	1.19%	1.46%	1.49%	1.49%	1.49%	1.49%	1.42%	1.38%	1.37%	1.32%	1.32%	1.29%	1.27%	1.27%	1.22%	1.21%	1.12%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Marshal Global Capital Fund LtdInstitutions Foreign Portfolio Investor	–	–	–	–	–	–	1.31%	1.06%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Emerging India Focus FundsInstitutions Foreign Portfolio Investor	2.47%	2.47%	2.35%	2.35%	2.59%	2.48%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Em Resurgent FundInstitutions Foreign Portfolio Investor	1.17%	1.17%	1.89%	1.96%	1.73%	1.29%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here: each fund's holding is on the Mutual funds tab, from its own portfolio. A dash is a filing that did not name the holder, which includes holding under one per cent.

Who moved in the Sep 2026 filing

Against the Jul 2026 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.

Foreign institutions: Gqg Partners Emerging Markets Equity Fund no longer named, from 1.27%; Goldman Sachs Trust Ii - Goldman Sachs Gqg Partners International Opportunities Fund 1.71%, −0.96 pts