The appeal filed by Reliance Industries concerning a penalty of Rs. 30 lakhs regarding the disclosure of the Jio-Facebook Deal has been dismissed by the Hon’ble Supreme Court of India. The original matter related to disclosures dating back to 2020. The order was uploaded to the Supreme Court’s website on December 4, 2025, and this announcement provides an official update on the matter.
Supreme Court Decision on Disclosure Penalty
Reliance Industries has received a final decision regarding a penalty initially imposed concerning the disclosure of the Jio-Facebook Deal.
Background of the Issue
The issue stems from the disclosure of the Jio-Facebook Deal in 2020. An appeal was filed against a prior SAT (Securities Appellate Tribunal) order dated May 02, 2025, which imposed a penalty of Rs. 30 lakhs.
Final Outcome
The Hon’ble Supreme Court of India has dismissed the appeal. The order was officially uploaded to the court’s website today, December 4, 2025, at approximately 5:30 p.m. (IST).
Source: BSE