Listed Entity Statutory Auditor Remarks Shah Dhandharia & Co. does the statutory audit of AEL standalone entity which is into the business of trading and mining services only. Shah Dhandharia & Co is also a peer reviewed chartered accountancy firm registered with the Institute of Chartered Accountants of India in year 1999 with experience of more than 20 years. Adani Total Shah Dhandharia & Co. Gas Adani Wilmar SRBC & Co. (EY) & SRBC & Co. have been recently appointed as Dharmesh Parikh & Co. joint statutory auditor (Joint Auditors) Adani Portfolio also has a policy to conduct an independent review of disclosure and notes by one of the big 6 across all group companies and the last review carried out for FY 20 and FY 21 was undertaken by Grant Thornton. 64/ (Allegation #70) The auditor for Adani Power, an Ernst Young affiliate, gave a “qualified” opinion in its audit, saying that it had no way to support the value of INR 56.75 billion (U.S. ~700 million) in investments and loans held by Adani Power. What is Adani Power’s full explanation for the valuation of these investments and loans? 65/ (Allegation #71) Which parts of the valuation of Adani Power’s investments and loans did the auditor disagree with? Common Response - The ‘qualifications’ referred to above have been done by the auditor in compliance with law and taking into account various factors which affect the business from time to time. This matter is also fully disclosed in our financial statements and all our stakeholders are clearly aware of the same. E. Manipulated narrative around unrelated third party entities Manipulated narrative around unrelated third party entities: Allegation no. 5, 6, 7, 8, 10, 11, 12, 13, 14, 16, 17, 18, 20, 21, 22, 23, 26 and 52 from the report seek information on our public shareholders. Shares of listed companies on Indian stock exchanges are traded on a regular basis. The listed entity does not have control over who buys / sells / owns the publicly traded shares in the company. A listed company does not have nor is it required to have information on its public shareholders and investors. 66/ (Allegation #6) Recent right-to-information requests confirm that SEBI is investigating Adani’s foreign fund stock ownership. Can Adani confirm that this investigation is ongoing and provide details on the status of that investigation? 45