Settlement Order Details
Authority: Securities and Exchange Board of India (SEBI)
Type of Communication: Settlement Order
Date of Receipt: September 22, 2026
Background: The Company had filed a settlement application with SEBI under the SEBI (Settlement Proceedings) Regulations, 2018. The application proposed to settle proceedings initiated against the Company without admitting or denying the findings of facts and conclusions of law.
Alleged Violation: The proceedings relate to alleged violation of Regulation 33(1)(d) of the SEBI Listing Regulations read with Clause 2 of the erstwhile Listing Agreement.
Settlement Amount: INR 9,75,000
Financial Impact: The disclosure explicitly states "there is no material financial impact to the Company arising out of this Settlement Order."
Order Availability: The full Settlement Order is available at: https://www.sebi.gov.in/enforcement/orders/sep2026/settlement-order-in-the-matter-of-adani-group-companies_104647.html
Additional Information
Period of Applicability: Not applicable (N.A.)
Aberrations/Non-compliances: Referred to point no. 5 (summary of material contents)
Penalty/Restriction/Sanction: Settlement amount of INR 9,75,000
Actions Taken by Company: Not applicable (N.A.)
Other Relevant Information: None