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2 clusters · 11 sources · 5 days · First seen · Last updated

Adani Group SEBI regulatory settlement

Overview

The Securities and Exchange Board of India (SEBI) has concluded adjudication proceedings against five Adani Group entities regarding violations of corporate governance and disclosure regulations. The companies—Adani Enterprises Ltd, Adani Green Energy Ltd, Adani Total Gas Ltd, AWL Agri Business Ltd, and Adani Energy Solutions Ltd—collectively paid a settlement of approximately ₹1.51 crore to resolve the matters.

The investigation addressed allegations of undisclosed related-party transactions (RPTs) and failures in audit reporting. Specifically, SEBI noted that certain RPTs between Adani Enterprises and its subsidiary, Adani Estates Private Limited, were not disclosed in the 2012-13 annual report. Furthermore, audit and limited review reports for these companies were signed by firms that lacked valid Peer Review Certificates during various financial periods.

The settlement was reached under the SEBI (Settlement Proceeding) Regulations, 2018, without the companies accepting or rejecting the findings of fact or conclusions of law.

Entities

Adani Group · Securities and Exchange Board of India · Adani Green Energy Ltd · Hindenburg Research · Adani Enterprises Ltd

Timeline

  1. [BUSINESS] 8 sources
    Adani Group entities settle SEBI governance violations for ₹1.51 crore

    SEBI has settled proceedings against five Adani Group entities for ₹1.51 crore regarding corporate governance and undisclosed related party transactions.

  2. [BUSINESS] 3 sources
    Adani Group firms settle SEBI probe for ₹1.5 crore

    Five Adani Group companies have settled SEBI proceedings for ₹1.51 crore following allegations of undisclosed related-party transactions and audit irregularities linked to the Hindenburg Research report.

Sources

barandbench.com · businesstoday.in · latestly.com · madhyamamonline.com · millenniumpost.in · newindianexpress.com · newsable.asianetnews.com · newsbytesapp.com · socialnews.xyz · taxscan.in · thefederal.com