Adani Enterprises Ltd FY23 Results

AEL: Strong Governance Framework Key Highlights 12.5% Women Directors Key Governance Areas Board Independence & Diversity ✓ More than 50% Independent Directors ✓ ✓ Corporate Responsibility, CSR & Nomination & Remuneration ✓ Audit Oversight ✓ ✓ ✓ Risk Management Related Party Transactions Stakeholders Relationship ✓ Anti Corruption and Anti Bribery & Code of ✓ Conduct Corporate Responsibility Committee in place with 100% Independent Directors to provide assurance on ESG aspects Corporate Social Responsibility Committee in place with 75% Independent Directors Nomination and Remuneration Committee with 100% Independent Directors Audit Committee consisting of 100% Independent Directors (100% non- promoter/ non-executive) Statutory Auditors: M/s. Shah Dhandharia & Co. LLP Risk Management Committee in place with 50% Independent Directors Sub-Committees of Risk Management Committee with 66% independent directors: ■ Mergers & Acquisitions Committee Legal, Regulatory & Tax Committee Commodity Price Risk Committee Reputation Risk Committee Detailed Policy in place for Related Party Transactions (RPT) to ensure all RPTs are on 'arm's length' basis All RPTs are reviewed by the Audit Committee and are duly disclosed in the annual report All RPTS beyond statutory thresholds require shareholder approval by way of ordinary resolution. Stakeholders Relationship Committee in place with 50% Independent Directors Anti Corruption and Anti Bribery policy in place with Zero tolerance of Bribery and Corruption. Code Of Conduct For Board Of Directors And Senior Management in place. Insider Trading Code in Place ESG Governance Structure Board of Directors CSR Committee CRC Committee RMC Committee Stakeholder Relationship Committee I ESG Head AEL Corporate ESG Heads - AEL BUS Roles & Responsibilities of AEL Corp ESG Function Defining and setting ESG priorities for AEL. Development of ESG related policies, and procedures Support AEL BUS for developing transition plan to become operational net zero Capacity Building on ESG for businesses including training Submit response to key ESG rating agencies such as DJSI and CDP and develop ESG & BRSR Report. ESG target setting and monitoring performance Roles & Responsibilities of BU ESG Team Create business-level ESG strategy, implementation and monitoring plan. Develop decarbonization strategy with an objective to become a Net Zero business Manage ESG related compliance obligations. Business specific ESG disclosures adani 49

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