Adani Ports Settles SEBI Proceedings for ₹37.05 Lakhs

Adani Ports and Special Economic Zone Limited (APSEZ), along with its directors and erstwhile directors, has reached a settlement with the Securities and Exchange Board of India (SEBI) regarding alleged violations. A Settlement Order has been passed under the SEBI (Settlement Proceedings) Regulations, 2018, without admission or denial of findings. The settlement covers alleged violations of Rule 19A of the Securities Contracts (Regulations) Rules, 1957, clauses of the erstwhile Listing Agreement, and SEBI Listing Regulations. The total settlement amount for the company and individuals is INR 37,05,000. APSEZ states there is no material financial impact arising from this order.