Adani Green Energy has provided an update regarding the matter involving the United States Securities and Exchange Commission (SEC) against Mr. Gautam Adani and Mr. Sagar Adani. Counsel for the Defendants filed an application on January 30, 2026, agreeing to accept service without accepting the EDNY’s jurisdiction. The Defendants reserve all defenses and intend to move to dismiss the SEC’s Complaint.
Update on US SEC Matter
Adani Green Energy has released an update concerning the ongoing matter involving the United States Securities and Exchange Commission (SEC) and its action against Mr. Gautam Adani and Mr. Sagar Adani, who are directors of Adani Green Energy Limited.
Details of Legal Proceedings
According to the company’s announcement, on January 30, 2026, counsel representing the Defendants filed an application agreeing to accept service on their behalf. This acceptance of service does not concede to the jurisdiction of the United States District Court for the Eastern District of New York (EDNY), and all defenses are reserved. The Defendants may raise objections, including those related to jurisdiction. They intend to take procedural steps, either to move for dismissal of the SEC’s complaint or to file responsive pleadings.
Company’s Position
Adani Green Energy emphasizes that the company itself is not a party to these proceedings, and no charges have been brought against it. It has also clarified that the Defendants have not been charged with violations related to bribery or corruption under the United States Foreign Corrupt Practices Act. This point was initially clarified in a prior intimation dated November 27, 2024.
Source: BSE
