AWL Agri Business Limited, formerly known as Adani Wilmar Limited, has reached a settlement with the Securities and Exchange Board of India (SEBI) regarding certain proceedings. The company filed a settlement application under the SEBI (Settlement Proceedings) Regulations, 2018, to resolve alleged violations without admitting guilt. The settlement involves a payment of INR 9,75,000 and is not expected to have a material financial impact on the company.
AWL Agri Business Resolves SEBI Proceedings
AWL Agri Business Limited, previously recognized as Adani Wilmar Limited, has successfully concluded a settlement process with the Securities and Exchange Board of India (SEBI). This development stems from a settlement application filed by the company under the SEBI (Settlement Proceedings) Regulations, 2018. The application was aimed at resolving proceedings initiated against the company without an admission of guilt or denial of facts.
Settlement Details and Financial Impact
The core of the settlement involves a payment of INR 9,75,000 by AWL Agri Business Limited. The company stated that this financial resolution is not anticipated to have any material financial impact on its operations or overall financial standing. The settlement pertains to alleged violations of Regulation 33(1)(d) of the SEBI Listing Regulations, read in conjunction with Clause 2 of the erstwhile Listing Agreement.
Availability of Settlement Order
Further details regarding the SEBI settlement order are publicly available. Interested parties can access the complete settlement order document via the following link: SEBI Settlement Order Link. The company has submitted this disclosure as per the requirements of Regulation 30 of the SEBI Listing Regulations.
Source: BSE
