Adani SEBI Settlement
Four Adani Group Companies Settle SEBI Shareholding Case For ₹1.48 Crore
Anonymous
Four Adani Group companies—Adani Enterprises, Adani Power, Adani Ports and Special Economic Zone, and Adani Energy Solutions—along with Gautam Adani and other directors, settled SEBI proceedings over alleged failures to meet minimum public shareholding requirements. The case followed complaints received in 2020 and investigations that led to show-cause notices in 2024 and 2025. The companies and directors paid a combined ₹1.48 crore, with each company’s group settling for ₹37.05 lakh; they did so without admitting or denying the allegations.
Key Points
1
SEBI’s allegations cited Rule 19A of the Securities Contracts (Regulation) Rules, provisions of the erstwhile Listing Agreement, and Regulations 31 and 38 of SEBI’s Listing Obligations and Disclosure Requirements Regulations.
2
Each company’s ₹37.05 lakh settlement was payable jointly and severally with its respective directors, making both the company and the directors responsible for that group’s payment.
3
SEBI’s internal committee communicated revised settlement terms in May 2026, and the high-powered advisory committee approved the terms in June; the settlement amount was remitted in August.
4
The MPS settlement was the third settlement order involving the Adani Group that SEBI issued that month. A separate settlement the prior week involved five group companies and alleged lapses in related-party transaction disclosures.
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