Description

BSE circular containing clarifications from Adani Energy Solutions Ltd and Hindustan Petroleum Corporation Ltd regarding news articles published in media.

Summary

BSE issued a circular containing clarifications from two companies regarding news articles published in media. Adani Energy Solutions Ltd clarified news about securing a hybrid power mandate from Asahi India Glass, stating the contract is in ordinary course of business. Hindustan Petroleum Corporation Ltd provided clarification regarding news about teaming up with Castrol India to develop re-refined base oil ecosystem (content appears truncated in source).

Key Points

  • Adani Energy Solutions Ltd signed a hybrid power supply and management contract with Asahi India Glass on January 7, 2026
  • The contract does not require disclosure under SEBI Listing Regulations as it is in ordinary course of business
  • Adani Energy Solutions is engaged in transmission and distribution of energy business
  • No material impact on company operations from the reported contract
  • HPCL signed a non-binding Memorandum (content truncated in source document)
  • Both clarifications provided in response to BSE queries under Regulation 30 of SEBI Listing Regulations

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Companies required to provide clarifications when news articles about them appear in media
  • Companies must assess whether contracts/agreements fall under disclosure requirements of Regulation 30, Schedule III, Part A, Para B, Item 4 of SEBI Listing Regulations
  • Disclosure required only for contracts not in ordinary course of business or having material impact
  • Companies must confirm compliance with Regulation 30 disclosure obligations

Important Dates

  • January 27, 2026: News article published in Economic Times website about Adani Energy Solutions
  • January 27, 2026: BSE email seeking clarification from Adani Energy Solutions
  • January 7, 2026: Adani Energy Solutions signed contract with Asahi India Glass
  • January 28, 2026: Clarification letters submitted to BSE
  • January 28, 2026: Circular published by BSE

Impact Assessment

Minimal market impact as both companies confirmed the news items relate to ordinary course business activities with no material operational impact. The clarifications are procedural in nature, responding to exchange queries to ensure transparency and prevent speculation. No price-sensitive information disclosed that would affect trading decisions.

Impact Justification

Routine clarifications confirming that reported news items are in ordinary course of business with no material impact on operations