Details of Settlement Order
Authority: Securities and Exchange Board of India (SEBI)
Date of Receipt: September 22, 2026
Type of Communication: Settlement Order
Background: The settlement application was filed by Adani Energy Solutions Limited under the SEBI (Settlement Proceedings) Regulations, 2018. The company proposed to settle the proceedings initiated against it without admitting or denying the findings of fact and conclusions of law.
Alleged Violations: The proceedings were in respect of alleged violation of:
- Clause 41(l)(h) of the erstwhile Listing Agreement
- Regulation 2.5 of BSE Regulations (Cash Segment)
- Clause (8)(b) of Chapter IV of NSE Bye-Laws
Settlement Amount: ₹9,75,000 (Nine Lakh Seventy Five Thousand Indian Rupees)
Financial Impact: The company explicitly states that there is no material financial impact arising from this Settlement Order.
Order Availability: The full Settlement Order is available on SEBI's website at: https://www.sebi.gov.in/enforcement/orders/sep2026/settlement-order-in-the-matter-of-adani-group-companies_104647.html
Period of Applicability: Not applicable (N.A.)
Aberrations/Non-compliances: Refer to point no. 5 regarding the alleged violations.
Penalty/Restriction: Settlement amount of ₹9,75,000 imposed.
Actions Taken by Company: Not applicable (N.A.)
Additional Information: None