Date: September 28, 2026

Settlement Order Details

Nature of Communication

  • Type: Settlement Order from Securities and Exchange Board of India (SEBI)
  • Date of Receipt: September 28, 2026
  • Authority: Securities and Exchange Board of India (SEBI)

Parties Involved

  • Adani Ports and Special Economic Zone Limited (the Company)
  • Current Directors: Mr. Gautam S. Adani and Mr. Rajesh S. Adani
  • Erstwhile Directors: Mr. Malay Mahadevia, Mr. Rajeeva Ranjan Sinha and Mr. Sudipta Bhattacharya

Settlement Terms

  • Basis: Settlement under SEBI (Settlement Proceedings) Regulations, 2018
  • Status: Without admission or denial of the findings of fact and conclusions of law
  • Alleged Violations:
  • Rule 19A of the Securities Contracts (Regulations) Rules, 1957
  • Clauses 35 and 40A of the erstwhile Listing Agreement
  • Regulations 31 and 38 of SEBI Listing Regulations
  • Section 27(1) of the SEBI Act, 1992
  • Section 24(1) of the Securities Contracts (Regulation) Act, 1956

Financial Implications

  • Settlement Amount: INR 37,05,000 (₹37.05 lakh)
  • Company Statement: "No material financial impact to the Company arising out of this Settlement Order"
  • Period Applicability: Not specified (N.A.)

Additional Information

  • Settlement Order available at: https://www.sebi.gov.in/enforcement/orders/sep-2026/settlement-order-in-the-matter-of-adani-group-companies_104779.html
  • No aberrations/non-compliances specifically identified beyond the alleged violations mentioned
  • No actions required by the listed company with respect to the communication (N.A.)
  • No other relevant information disclosed

Sections Not Applicable

No material disclosures under the following sections: KMP/Board/Auditor Changes, Dividend Declaration, Board Meeting Outcomes, Financial Results, Auditor's Report, Disinvestment/Strategic Actions, Media Release/Investor Communication, Other Operational/Legal/Strategic Disclosures.