<p class="MsoNormal"><span style="font-family:&quot;Times New Roman&quot;,serif">Adani

Ports and Special Economic Zone (APSEZ), India’s premier private port operator,

has officially announced a significant shift in its executive leadership.

Internal veteran Niraj Bansal is set to take the helm as the new Chief

Executive Officer – Ports, with his tenure officially beginning on June 1,

2026. This transition follows the decision of the current CEO, Pranav

Choudhary, to step down on May 31, 2026, to explore professional opportunities

outside the Adani Group. The appointment, confirmed through a regulatory filing

under SEBI Listing Regulations, underscores the company’s commitment to

internal leadership continuity during a pivotal period of growth.<o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-family:&quot;Times New Roman&quot;,serif">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; Niraj

Bansal brings a wealth of experience and a deep understanding of the maritime

sector to his new role. A former Indian Revenue Service (IRS) officer with

nearly three decades of government service, including a tenure as the

Chairman-in-charge of the Jawaharlal Nehru Port Trust (JNPT), Bansal has been

an integral part of the Adani Group since 2022. He previously spearheaded major

initiatives at the Hazira Port and served as the CEO for New Port Project

Development in Maharashtra. His intimate familiarity with the company’s

infrastructure and operational blueprints is expected to facilitate a seamless

transition as APSEZ looks to solidify its dominant position in the industry.<o:p></o:p></span></p>

<p class="MsoNormal"><span style="font-family:&quot;Times New Roman&quot;,serif">&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; The

leadership change comes at a time when APSEZ is pursuing aggressive expansion

targets, most notably the ambitious goal of reaching a 500 MMT cargo volume. By

elevating an internal expert like Bansal, the organization aims to maintain

operational stability while scaling its global logistics and maritime

footprint. As the company steers toward this next phase of development, the

focus remains on leveraging domestic strengths to fuel international ambitions,

ensuring that the momentum of India’s largest port operator remains

uninterrupted.<o:p></o:p></span></p>

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