Reliance Power Limited has informed the Exchange about Action(s) taken or orders passed
RPOWER · price
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On the reaction day the stock moved 0.5 pts less than Nifty Smallcap 250 and 0.3 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Reliance Power Limited has disclosed receipt of orders dated May 18, 2026 from the Adjudicating Authority under PMLA (Prevention of Money Laundering Act) in case ECIR/STF/17/2025. The authority has confirmed provisional attachment of certain company assets worth Rs. 407.60 crore. The attachment can last up to 365 days under PMLA provisions, subject to appeal outcome. The company states there is no impact on business operations and has announced it will file an appeal challenging the asset attachment. The alleged violations relate to provisions of the Prevention of Money Laundering Act.
This represents a significant enforcement action against the company with Rs. 407.60 crore in assets under attachment. While the company claims no impact on operations, this could create uncertainty for investors and may invite regulatory scrutiny. The upcoming appeal provides some downside protection.