Date: September 29, 2026
Regulation, Compliance & Legal Disclosure
Nature of Communication: Settlement Order from Securities and Exchange Board of India (SEBI)
Date of Receipt: September 28, 2026
Authority: Securities and Exchange Board of India (SEBI)
Summary of Contents:
- A settlement order has been passed by SEBI under the SEBI (Settlement Proceedings) Regulations, 2018.
- The order settles proceedings initiated by SEBI without admission or denial of the findings of fact and conclusions of law by the company and its directors.
- The proceedings concerned alleged violations of:
- 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
Parties to the Settlement:
- Adani Power Limited (the Company)
- Mr. Gautam S. Adani (Director)
- Mr. Rajesh S. Adani (Director)
- Mr. Vneet Jaain (Erstwhile Director)
Financial Implications:
- Settlement amount: ₹37,05,000 (Thirty Seven Lakh Five Thousand Rupees)
- The company states there is "no material financial impact to the Company arising out of this Settlement Order"
Penalty/Restriction Details:
- Settlement amount of ₹37,05,000 applies to both the company and the aforementioned directors
- No other penalties, restrictions or sanctions mentioned
Settlement Order Availability:
The complete Settlement Order is available at: https://www.sebi.gov.in/enforcement/orders/sep2026/settlement-order-in-the-matter-of-adani-group-companies_104779.html
Action Taken by Company: Not Applicable (N.A.)
Other Information
Company Contact Information:
- Fax: +91 79 2555 7177
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