Adani Enterprises has provided an update regarding its proactive engagement with the U.S. Office of Foreign Assets Control (OFAC) concerning allegations from a June 2, 2025, WSJ article. The company confirmed it received a Request for Information (RFI) from OFAC on February 4, 2026 (India time). The RFI relates to a civil investigation into transactions potentially involving Iran sanctions. The company affirmed its full cooperation and noted the matter is not expected to have material financial implications.
Disclosure of Regulatory Communication
Adani Enterprises Limited has communicated further developments following its initial response dated June 2, 2025, concerning allegations raised in a Wall Street Journal article published on the same date. The company has proactively and voluntarily initiated discussions with the U.S. Office of Foreign Assets Control (OFAC).
Receipt of Information Request
In line with its commitment to transparency, the company, through its Counsel, received a Request for Information (RFI) from OFAC. The date of receipt was recorded as February 4, 2026 (India time), or February 3, 2026 (US time). This RFI stems from the ongoing Company-initiated dialogue with OFAC.
Investigation Scope
The RFI indicates that OFAC is conducting a civil investigation into the Company’s transactions processed through U.S. financial institutions. Specifically, the investigation pertains to transactions that may have indirectly or directly involved Iran or interests of persons subject to U.S. sanctions against Iran. This pertains to the period from June 2023 to the present.
Financial Impact and Compliance Action
The company stated that the expected financial implications are None. It clarified that the relevant segment, LPG, formed a very small component of overall revenue: 1.46% for the Company and 0.5% for the Adani Group in FY24-25. Despite this, the company ceased all LPG imports effective June 2, 2025, as a measure of abundant caution and cooperation.
The communication confirms that no findings of any aberrations or non-compliances were identified by the authority in the RFI, and no penalty or sanction was imposed.
Company Stance
Adani Enterprises affirmed its position: “The Company is voluntarily engaging and fully co-operating with OFAC and will supply the requested information.” The disclosure was authorized by Jatin Jalundhwala, Company Secretary & Joint President (Legal).
Source: BSE
