Details of Settlement Order
The company received a Settlement Order from SEBI on September 22, 2026. The order pertains to a settlement application filed by the company under SEBI (Settlement Proceedings) Regulations, 2018.
The settlement was proposed to resolve proceedings initiated against the company for alleged violation of Regulation 33(1)(d) of the SEBI Listing Regulations read with Clause 2 of the erstwhile Listing Agreement. The company settled without admitting or denying the findings of facts and conclusions of law.
Financial Implications
The settlement amount is ₹9,75,000 (Indian Rupees Nine Lakh Seventy-Five Thousand). The disclosure explicitly states that "there is no material financial impact to the Company arising out of this Settlement Order."
Additional Information
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
No other aberrations, non-compliances, penalties, restrictions, or sanctions were imposed beyond the settlement amount. No specific actions were taken by the company with respect to this communication.