I am able to make the connection. However, there seems some issue from microsoft side. for ADLS, SAS URL should be https://<account-name>.dfs.core.windows.net. As of now, it is created as https://<account-name>.blob.core.windows.net. Also, another learning is that even if we want only read access on the container, we also need to select 'list' access as well. Can you guys make these changes as it is easy to forget for users?
Anyway, Thank you for tirelessly suggesting different solution! You can close this thread.