Reliance Power Limited has informed the Exchange regarding a press release dated July 27, 2025, titled "Media Release".
RPOWER · price
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Reliance Power informed stock exchanges that the Enforcement Directorate's (ED) action has concluded at all locations, and the company along with its officials fully cooperated with the authority. The company clarified that the matter pertains to allegations over 10 years old concerning Reliance Communications Limited (RCOM) and Reliance Home Finance Limited (RHFL), and that Reliance Power is a separate, independent listed entity with no business or financial linkage to either. RCOM has been under insolvency proceedings for over 6 years, while RHFL has been resolved as per a Supreme Court judgment, with similar allegations pending before the Securities Appellate Tribunal. The company stated there is no impact on its business operations, financial performance, shareholders, employees, or any stakeholders, and noted that Mr. Anil D. Ambani is not on the board of Reliance Power.
The announcement is aimed at reassuring investors that the ED action does not affect Reliance Power's operations or financials, though the stock may still face short-term volatility due to negative sentiment around the broader Reliance Group. Shareholders should note the company's clear attempt to distance itself from RCOM and RHFL matters.