Emami Realty Limited has made a disclosure to BSE Limited and the National Stock Exchange of India Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company has received an order from the Adjudicating Officer, Securities and Exchange Board of India (SEBI). The order, numbered Order/JS/RJ/2026-27/32718 and dated September 11, 2026, was passed under Section 15-I of the SEBI Act, 1992, read with Rule 5 of the SEBI (Procedure for Holding Inquiry and Imposing Penalties) Rules, 1995.
The order imposes a monetary penalty of ₹2,00,000 (Rupees Two Lakh Only) on the company for alleged violations of multiple SEBI LODR Regulations.
Details of Alleged Violations
The SEBI order cites two categories of alleged violations:
1. Violations of Regulations 4(1)(a), (b), (c), (d), (e), (g), (h), (i), (j), 4(2)(e)(i), 33(1)(c), 34(3) read with clause B(2) of Schedule V and Regulation 48: This pertains to the company's classification of certain investments in its standalone financial statements for FY22 and FY23. Specifically, SEBI observed that investments in equity shares of subsidiaries and convertible debentures of an entity referred to as 'PUPL' were classified as inventories, which is alleged to be a violation.
2. Violation of Regulation 23(2): This pertains to the company's failure to obtain prior approval from its audit committee for a related party transaction with Lohitka Properties LLP. This transaction was undertaken in the period between July 22, 2016, and August 10, 2016.
Financial and Operational Impact
The company has assessed the impact of this order. According to the disclosure, except for the payment of the penalty amount of ₹2,00,000, there is no material impact on the financials, operations, or other activities of the company.
Additional Information
The disclosure was signed and digitally submitted by Payel Agarwal, Company Secretary (ACS 22418), on September 11, 2026, at 17:41:04 IST. This information is also required to be hosted on the company's website at www.emamirealty.com.
The company's Corporate Identification Number (CIN) is L45400WB2008PLC121426.