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Ref No: APSEZL/SECT/2026-27/74
September 28, 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 the acceptance of the terms of settlement by the Securities and
Exchange Board of India (“SEBI”), a Settlement Order has been passed in respect of
the settlement applications filed by Adani Ports and Special Economic Zone Limited
(the “Company”), its directors, Mr. Gautam S. Adani and Mr. Rajesh S. Adani, and its
erstwhile directors, Mr. Malay Mahadevia, Mr. Rajeeva Ranjan Sinha and Mr. Sudipta
Bhattacharya, without admission or denial of the findings of fact and conclusions
of law in respect of the alleged violations, 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 28, 2026
communication
4. Authority from whom Securities and Exchange Board of India
communication received (“SEBI”)
5. Brief summary of the material A settlement order has been passed by
contents of the communication SEBI under the SEBI (Settlement
received, including reasons for Proceedings) Regulations, 2018, in
receipt of the communication respect of the Company, its directors,
Mr. Gautam S. Adani and Mr. Rajesh S.
Adani, and its erstwhile directors, Mr.
Malay Mahadevia, Mr. Rajeeva Ranjan
Sinha and Mr. Sudipta Bhattacharya,
settling the proceedings initiated by
SEBI without admission or denial of
the findings of fact and conclusions of
law in respect of the alleged violations
of Rule 19A of the Securities Contracts
(Regulations) Rules, 1957, Clauses 35
and 40A of the erstwhile Listing
Agreement and Regulations 31 and 38
of SEBI Listing Regulations, read with
Section 27(1) of the SEBI Act, 1992 and
Section 24(1) of the Securities
Contracts (Regulation) Act, 1956.
The Settlement Order is available at:
https://www.sebi.gov.in/enforcement/order
s/sep-2026/settlement-order-in-the-matter-
of-adani-group-companies_104779.html
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
6. Period for which communication N.A.
would be applicable, if stated
7. Expected financial implications The settlement amount is INR
on the listed company, if any 37,05,000 and there is no material
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 37,05,000
restriction or sanction imposed for the Company and the
pursuant to the communication abovementioned directors
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