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Refineries & Marketing
Clarification18 Aug 2026, 05:50 pm

Reliance Clarifies Supreme Court Order: No Fine, Rs 10 Lakh Cost

AI Summary

Reliance Industries Ltd has clarified a news item regarding a Supreme Court order. The company stated that no fine or penalty was levied on it by the Supreme Court. The operative part of the order dated August 14, 2026, indicated that the appeal was dismissed with costs quantified at Rs. 10 lakhs, payable by the appellant (RIL) to the Supreme Court Advocates on Record Association. This amount was to be paid within five weeks. Reliance asserts that this did not necessitate a disclosure under SEBI regulations as it was not a fine or penalty on the company.

Key Highlights

  • Reliance clarifies no fine was imposed by the Supreme Court.
  • Supreme Court order involved Rs 10 lakh costs, not a penalty.
  • Costs were payable to the Advocates on Record Association.
  • No SEBI disclosure required as per company's assessment.