Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
RELINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Reliance Infrastructure issued a clarification in response to a media article about an over 10-year-old matter alleging diversion of Rs. 10,000 crore to an undisclosed related party. The company stated the alleged figure is incorrect, and its actual net exposure is approximately Rs. 6,500 crore, which has been publicly disclosed in its financial statements for the past four years. The company noted that this matter was already disclosed on 9 February 2025. Through mandatory mediation conducted by a retired Supreme Court Judge, and a mediation award filed before the Bombay High Court, the company has arrived at a settlement to recover 100% of its ~Rs. 6,500 crore exposure. The company also clarified that Anil D. Ambani has not been on the Board of Reliance Infrastructure since March 2022.
The filing is a defensive clarification aimed at countering potentially damaging media coverage. The fact that a settlement has been reached to recover the full Rs. 6,500 crore is positive for shareholders, but the stock may still see short-term volatility due to media attention on the older allegations.