Adani Group pays ₹1.5 cr settle Sebi probe linked Hindenburg

Five Adani Group companies have settled SEBI adjudication proceedings by paying a combined ₹1.508 crore, relating to alleged disclosure and audit-compliance lapses examined after issues highlighted in the 2023 Hindenburg report. The settlement closes these specific proceedings, but does not represent a resolution of every regulatory matter involving the group. The companies involved are Adani Enterprises, ADANIGREEN , Adani Total Gas, AWL Agri Business and Adani Energy Solutions. Under the settlement terms, Adani Enterprises paid ₹76.05 lakh and Adani Green Energy ₹45.50 lakh, while the other three companies paid ₹9.75 lakh each. The proceedings primarily concerned alleged lapses involving related-party transaction disclosures and audit or limited-review reports signed by audit firms without valid peer-review certificates during specified historical periods.