Adani Enterprises says no disclosure required on US regulator report, denies involvement in US legal proceedings

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Adani Enterprises on Saturday told stock exchanges that it remains uninvolved in legal proceedings referenced in recent media reports and that the matter does not require disclosure under Indian securities regulations.

In its filing, Adani Enterprises stated that it had previously addressed similar questions from the media in a clarification dated November 21, 2024. The company emphasized that no allegations have been made against it and that it is not a party to the proceedings in question.

The company issued the clarification in exchange filing after BSE Limited and NSE requested a response to a report stating that US regulator was seeking measures to serve legal summons to Gautam and Sagar Adani.

The firm also said the news report's contents do not necessitate disclosure under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As per the filing, stock exchanges had sought response from the company under Regulation 30(11), a provision requiring listed entities to address media reports that could affect investor perception or warrant public disclosure.

The media report had referenced a Bloomberg story indicating that the US Securities and Exchange Commission was seeking court permission to use alternative measures to notify Gautam Adani and Sagar Adani of legal proceedings.

In its exchange filing, Adani Enterprises repeated that the reported developments do not involve the company and have no bearing on its disclosure or compliance obligations. The company asked the exchanges to note the clarification for the record.