Regulatory / Enforcement Action
Reliance Power Receives PMLA Attachment Confirmation for Assets Worth ₹407.60 Crore; Company to File Appeal
NSE
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BSE
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Reliance Power Limited disclosed that the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA) confirmed the provisional attachment of certain company assets amounting to ₹407.60 crore. The company stated that there is no impact on business operations and that it will file an appeal against the attachment order.
PRICE-SENSITIVE TRIGGER
Event: Confirmation of Provisional Attachment of Assets by PMLA Authority
Type: Regulatory / Enforcement Action
Impact: Negative
Immediate Effect: The Adjudicating Authority under PMLA confirmed provisional attachment of certain assets worth ₹407.60 crore for a period of up to 365 days, subject to appeal proceedings.
Key Metrics:
- Value of Assets Attached: ₹407.60 Crore
- Date of Communication Receipt: May 20, 2026
- Order Date: May 18, 2026
- Applicable Attachment Period: Up to 365 Days
- Authority Involved: Adjudicating Authority under PMLA
Highlight Metric:
- Reliance Power confirmed provisional attachment of assets worth ₹407.60 crore under PMLA proceedings but stated there is no impact on ongoing business operations.
What Happened ?
Reliance Power Limited informed stock exchanges that it received communication on May 20, 2026 regarding orders dated May 18, 2026 passed by the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA).
The authority confirmed the provisional attachment of certain company assets amounting to ₹407.60 crore in connection with proceedings under ECIR/STF/17/2025.
The company clarified that the attachment confirmation does not impact its business operations and announced that it will file an appeal challenging the attachment order.
The disclosure was made under Regulation 30(13) of the SEBI Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
Key Details
PMLA Attachment Proceedings:
- Regulatory authority involved:
- Adjudicating Authority under PMLA.
- Communication received on:
- May 20, 2026.
- Order date:
- May 18, 2026.
- Matter reference:
- ECIR/STF/17/2025.
- Nature of action:
- Confirmation of provisional attachment order.
- Total assets involved:
- ₹407.60 crore.
- Applicable duration:
- Up to 365 days under PMLA provisions.
- Alleged issue:
- Alleged violations under PMLA.
- Company position:
- No impact on business operations.
- Legal response planned:
- Reliance Power will file an appeal against the attachment order.
- Disclosure filed under:
- Regulation 30 of SEBI LODR Regulations.
Note:
- The attachment confirmation remains subject to appeal proceedings and further legal review. The company has stated that operations continue normally despite the regulatory development.
Risk Analysis
Summary:
- The regulatory action introduces legal and reputational risks for Reliance Power, although the company maintains that operational activities remain unaffected.
Key Risks:
- Ongoing PMLA proceedings could create prolonged legal uncertainty.
- Attachment of assets may impact investor sentiment.
- Adverse legal outcomes could potentially lead to financial implications.
- Regulatory scrutiny may affect future financing or strategic transactions.
- Reputational concerns could impact stakeholder confidence.
Worst Case Scenario:
- If the appeal fails and enforcement actions intensify, the company could face extended asset restrictions, financial liabilities, or additional regulatory proceedings.
Risk Level: High
Company Commentary
- Reliance Power stated that the provisional attachment relates to assets worth ₹407.60 crore.
- The company clarified that there is no impact on ongoing business operations.
- Management confirmed that the attachment order will be challenged through an appeal.
- The company stated that the disclosure is compliant with Regulation 30(13) of SEBI LODR Regulations.
Official Exchange Filing: Reliance Power Limited