# SEBI settles Adani MPS violation case for Rs 1.48 crore 2026-09-29T02:26:19+00:00 | Governance | Indian Opinion Desk Corroboration: 3 independent outlets The Securities and Exchange Board of India has cleared Adani Group chairman Gautam Adani, four group companies and 13 directors of minimum public shareholding violation charges after they paid a settlement amount of Rs 1.48 crore. The settlement covers Adani Enterprises Ltd, Adani Power Ltd, Adani Ports and Special Economic Zone Ltd, and Adani Transmission Ltd, now called Adani Energy Solutions Ltd. The proceedings stemmed from complaints received by SEBI in June and July 2020 alleging non-compliance with MPS requirements. After an investigation, the regulator issued a show-cause notice in September 2024 and a supplementary notice in March 2025. The applicants settled without admitting or denying the facts. This is the second settlement by Adani Group firms with SEBI in recent weeks, following a Rs 1.51 crore payment over related-party transaction disclosure lapses. ## Indian Opinion Analysis The Federal report led with the settlement amount and named the individual directors charged, while the NDTV outlets called it a clearance, echoing the language the group would prefer. The critical framing is that the Adani Group settled without admitting guilt, and The Federal noted this is the second such settlement in weeks, following related-party transaction lapses. The balanced reading is that SEBI's order closes a specific compliance matter, not the broader governance questions the Hindenburg report raised. The next test of regulatory scrutiny is SEBI's ongoing examination of allegations arising from that report. ## Coverage - ndtv.com (neutral report) Same framing as source 1, wire copy - ndtv.com (neutral report) Same framing as source 1, wire copy - thefederal.com (government critical) Leads with settlement amount, names Adani and directors - ndtvprofit.com (neutral report) Truncated wire copy, leads with clearance Tags: Adani Enterprises, Adani Group, Adani Ports, Adani Power, Gautam Adani, SEBI Canonical: https://indianopinion.org/adani-group-settles-mps-violation-case-with-sebi-for-rs-1-48-crore/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/adani-group-settles-mps-violation-case-with-sebi-for-rs-1-48-crore/#story-in-brief