NSEGeneral Updates11 Sept 2026 · 11 Sept 2026, 01:30 am
General Updates
Adani Ports and Special Economic Zone Limited · ADANIPORTS
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Adani Ports and Special Economic Zone Limited has informed the Exchange about a Settlement Order from the Securities and Exchange Board of India (SEBI) regarding the settlement applications filed by Mr. B. Ravi (former Chief Financial Officer) and Mr. Karan Adani (Managing Director) under the SEBI (Settlement Proceedings) Regulations, 2018. The settlement amount of INR 13,65,000 each has been paid by Mr. B. Ravi and Mr. Karan Adani.
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Adani Ports and Special Economic Zone Limited has informed the Exchange about General Updates
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Ref No: APSEZL/SECT/2026-27/73
September 10, 2026
BSE Limited National Stock Exchange of India Limited
Floor 25, P J Towers, Exchange Plaza,
Dalal Street, Bandra Kurla Complex,
Mumbai – 400 001 Bandra (E), Mumbai – 400 051
Scrip Code: 532921 Scrip Code: ADANIPORTS
Sub.: Disclosure under Regulation 30 of Securities and Exchange Board of India
(Listing Obligations and Disclosure Requirements) Regulations, 2015 (“SEBI
Listing Regulations”)
Dear Sir / Madam,
Pursuant to Regulation 30 of the SEBI Listing Regulations, this is to inform you that
the Securities and Exchange Board of India (“SEBI”) has passed a Settlement Order
in respect of the settlement applications filed by Mr. B. Ravi (former Chief Financial
Officer) and Mr. Karan Adani (Managing Director) of Adani Ports and Special
Economic Zone Limited (the “Company”) under the SEBI (Settlement Proceedings)
Regulations, 2018.
The details of the Settlement Order as required to be provided under Regulation 30
of the SEBI Listing Regulations are enclosed as Annexure A.
We request you to take the above on record.
Thanking you,
Yours faithfully,
For Adani Ports and Special Economic Zone Limited
Kamlesh Bhagia
Company Secretary
Encl.: as above
Adani Ports and Special Economic Zone Ltd Tel +91 79 2555 4444
Adani Corporate House, Shantigram, Fax +91 79 2555 7177
Nr. Vaishno Devi Circle, S. G. Highway, Investor.apsezl@adani.com
Khodiyar, Ahmedabad - 382421 www.adaniports.com
Gujarat, India
CIN: L63090GJ1998PLC034182
Registe red Office: Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421, Gujarat, India
Annexure A
Details of the Settlement Order
Sr. Particulars Details
1. Name of the listed company Adani Ports and Special Economic Zone
Limited (“Company”)
2. Type of communication received Settlement Order
3. Date of receipt of September 10, 2026
communication
4. Authority from whom Securities and Exchange Board of India
communication received (“SEBI”)
5. Brief summary of the material Mr. B. Ravi and Mr. Karan Adani had
contents of the communication filed settlement applications with SEBI
received, including reasons for under SEBI (Settlement Proceedings)
receipt of the communication Regulations, 2018, proposing to settle,
by neither admitting nor denying the
findings of facts and conclusions of
law, the proceedings initiated for the
alleged violations of Regulation 17(8)
read with Paragraph B of Part B of
Schedule II of the SEBI (Listing
Obligations and Disclosure
Requirements) Regulations, 2015 read
with Section 21 of the Securities
Contracts (Regulation) Act, 1956.
The Settlement Order is available at:
https://www.sebi.gov.in/enforcement/
orders/sep-2026/settlement-order-in-
the-matter-of-pmc-projects-india-
private-limited_104410.html
6. Period for which communication N.A.
would be applicable, if stated
7. Expected financial implications Mr. B. Ravi and Mr. Karan Adani have
on the listed company, if any paid the settlement amount of INR
13,65,000 each.
Adani Ports and Special Economic Zone Ltd Tel +91 79 2555 4444
Adani Corporate House, Shantigram, Fax +91 79 2555 7177
Nr. Vaishno Devi Circle, S. G. Highway, Investor.apsezl@adani.com
Khodiyar, Ahmedabad - 382421 www.adaniports.com
Gujarat, India
CIN: L63090GJ1998PLC034182
Registe red Office: Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421, Gujarat, India
Sr. Particulars Details
There is nil financial impact to the
Company arising out of this Settlement
Order.
8. Details of any aberrations / non Please refer to point no. 5 above.
compliances identified by the
authority in the communication
9. Details of any penalty or Settlement amount of INR 13,65,000
restriction or sanction imposed each.
pursuant to the communication
10. Action(s) taken by listed N.A.
company with respect to the
communication
11. Any other relevant information None
Adani Ports and Special Economic Zone Ltd Tel +91 79 2555 4444
Adani Corporate House, Shantigram, Fax +91 79 2555 7177
Nr. Vaishno Devi Circle, S. G. Highway, Investor.apsezl@adani.com
Khodiyar, Ahmedabad - 382421 www.adaniports.com
Gujarat, India
CIN: L63090GJ1998PLC034182
Registe red Office: Adani Corporate House, Shantigram, Nr. Vaishno Devi Circle, S. G. Highway, Khodiyar, Ahmedabad - 382421, Gujarat, India