Description

Adani Total Gas clarifies that news about India's biggest battery storage project in Gujarat does not pertain to its operations or business activities.

Summary

Adani Total Gas Limited (ATGL) issued a clarification to BSE and NSE on November 12, 2025, in response to a news article published on Economic Times website titled “Adani plans India’s biggest battery storage in Gujarat”. The company clarified that the news article does not pertain to its operations or business activities and has no comments to offer. The company also stated that any share price movement is purely market-driven and the management has no control or knowledge of the reasons behind volume or price movements.

Key Points

  • News article about battery storage project does not relate to Adani Total Gas Limited’s operations
  • Company has no comments on the news article
  • Share price movements are market-driven and not under management control
  • Company reaffirms commitment to make all relevant disclosures under SEBI LODR Regulations, 2015
  • Clarification issued in response to queries from both BSE and NSE surveillance departments

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Company continues to comply with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
  • Ongoing commitment to make timely disclosures as per stock exchange agreements

Important Dates

  • November 12, 2025: News article published on Economic Times website
  • November 12, 2025: BSE and NSE surveillance queries received
  • November 12, 2025: Company clarification issued

Impact Assessment

Market Impact: Low - This is a routine clarification to address market speculation. The company has explicitly stated that the news does not relate to its business.

Operational Impact: None - No operational changes or business activities affected.

Investor Impact: Minimal - Provides clarity to investors that the battery storage project news is not related to Adani Total Gas Limited, helping prevent confusion about the company’s business scope.

Compliance Impact: Demonstrates proactive disclosure practices and responsiveness to exchange queries.

Impact Justification

Routine clarification confirming that news article does not relate to company operations, with no material business impact