Settlement Order Details
The Securities and Exchange Board of India (SEBI) has passed a Settlement Order in respect of settlement applications filed by:
- Mr. B. Ravi (former Chief Financial Officer of the Company)
- Mr. Karan Adani (Managing Director of the Company)
Timeline
- Date of receipt of communication: September 10, 2026
- Authority: Securities and Exchange Board of India (SEBI)
Financial Implications
- Settlement amount: ₹13,65,000 (Thirteen Lakh Sixty-Five Thousand Rupees) paid by each individual
- Company financial impact: Nil financial impact to Adani Ports and Special Economic Zone Limited arising from this Settlement Order
Additional Information
- No period of applicability stated for the communication
- No aberrations/non-compliances identified by the authority
- No penalty, restriction, or sanction imposed on the company
- No specific actions taken by the listed company with respect to the communication
- The Settlement Order is available at SEBI's website: https://www.sebi.gov.in/enforcement/orders/sep-2026/settlement-order-in-the-matter-of-pmc-projects-india-private-limited_104410.html
Disclosure Compliance
This disclosure was made pursuant to Regulation 30 of the SEBI Listing Regulations and was digitally signed by Kamlesh Bhagia, Company Secretary of Adani Ports and Special Economic Zone Limited on September 11, 2026.