Disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
RPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Reliance Power has received confirmation from the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA) regarding the provisional attachment of company assets. The attached assets amount to Rs. 407.60 crore as per an order dated May 18, 2026. The company received formal intimation of this on May 20, 2026. The attachment is subject to appeal and could extend up to 365 days depending on the outcome of further proceedings. Management has stated that this development has no impact on the business operations of the company, and they intend to file an appeal challenging the attachment order.
The provisional attachment of Rs. 407.60 crore in assets creates legal and financial uncertainty for the company, though management's assertion of no operational impact and the planned appeal provides some reassurance to investors. The PMLA probe suggests potential regulatory scrutiny that investors should monitor closely.