Adani Green Energy Limited has announced a further update regarding the civil complaint filed by the US Securities and Exchange Commission against Mr. Gautam Adani and Mr. Sagar Adani. The US Eastern District NY Court has entered a final judgment, on consent, on August 10, 2026. The judgment requires Mr. Gautam Adani and Mr. Sagar Adani to pay civil penalties of USD 6.00 million and USD 12.00 million respectively, and imposes permanent injunctions. The company stated it is not a party to the proceeding and faces no charges.
US SEC Civil Complaint Update
Adani Green Energy Limited has provided an update concerning a civil complaint previously filed before the United States District Court for the Eastern District of New York by the United States Securities and Exchange Commission (US SEC). The complaint was filed against Mr. Gautam Adani and Mr. Sagar Adani.
Final Judgment Entered
On August 10, 2026, the US Eastern District NY Court entered a final judgment, on consent, in the matter. As per the judgment, Mr. Gautam S. Adani and Mr. Sagar R. Adani are required to pay civil penalties. Specifically, Mr. Gautam S. Adani is obligated to pay USD 6.00 million, and Mr. Sagar R. Adani is obligated to pay USD 12.00 million. Additionally, both individuals are permanently restrained and enjoined from violating certain provisions of US securities laws, including Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5, as well as Section 17(a) of the Securities Act of 1933. They consented to this judgment without admitting or denying the allegations.
Company Not a Party
Adani Green Energy Limited has reiterated that the Company itself is not a party to this proceeding and has not faced any charges in relation to this civil complaint.
Details of the Judgment
The judgment, dated August 10, 2026, disposes of the SEC’s civil complaint against the named individuals. The details provided in Annexure A confirm the authority involved as the United States District Court for the Eastern District of New York. The nature of the action is a civil complaint filed by the US SEC. The penalties and injunctions are detailed as described above.
The company has also stated that there is no material adverse impact on the financial, operation, or other activities of the Company as a result of this judgment.
Source: BSE
