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Reliance Power Clarifies No ED Raids Conducted at Company Premises
Reliance Power Limited has issued a formal clarification to the stock exchanges regarding media reports alleging Enforcement Directorate (ED) raids at its locations. The company stated on March 6, 2026, that to the best of its knowledge, no such action has been carried out at any of its offices or premises. This proactive disclosure aims to mitigate market speculation and potential panic selling triggered by unverified news. Investors are advised to rely on official company filings for accurate information regarding regulatory investigations.
Key Highlights
Reliance Power denies media reports of Enforcement Directorate (ED) raids.
Official clarification submitted to BSE and NSE on March 6, 2026.
Company confirms no enforcement action at any of its offices or premises.
The disclosure aims to address and curb speculative volatility in the stock price.
💼 Action for Investors
Investors should avoid reacting to speculative media reports and instead focus on official exchange filings. Monitor the stock for volatility but maintain a long-term perspective unless official regulatory action is confirmed.
SEBI Initiates Forensic Audit of Reliance Power for Alleged Regulatory Violations
The Securities and Exchange Board of India (SEBI) has initiated a forensic audit of Reliance Power Limited to investigate alleged violations of the SEBI Act, 1992, and the SCRA, 1956. The audit also covers potential non-compliance with the Companies Act, 2013, signaling serious regulatory scrutiny. This development introduces significant governance risk and uncertainty regarding the company's historical financial reporting. Investors should prepare for heightened volatility as the investigation proceeds.
Key Highlights
SEBI initiates forensic audit under Regulation 30 of Listing Regulations.
Investigation focuses on alleged violations of SEBI Act, 1992 and SCRA, 1956.
Audit also includes scrutiny for potential breaches of the Companies Act, 2013.
Official disclosure made by the company on January 14, 2026.
💼 Action for Investors
Investors should exercise extreme caution and consider limiting exposure until the audit findings are clarified. Monitor for further updates regarding the specific nature of the alleged violations and potential penalties.
Reliance Power Shareholders Approve FCCB Issuance and New Board Appointments
Reliance Power Limited has received overwhelming shareholder approval for the issuance of Foreign Currency Convertible Bonds (FCCBs) and other securities, with 99.02% of votes cast in favor. The postal ballot results also confirmed the appointments of Shri Arup Ashok Gupta as a Non-Executive Director and Ms. Zohra Chatterji as an Independent Director. These resolutions provide the company with a mandate to raise capital and strengthen its board governance. The high approval ratings across all resolutions indicate strong institutional and public shareholder support for the management's current strategic initiatives.
Key Highlights
Shareholders approved the issuance of Foreign Currency Convertible Bonds (FCCBs) with a 99.02% majority.
Appointment of Ms. Zohra Chatterji as an Independent Director received 99.97% support from voting members.
Appointment of Shri Arup Ashok Gupta as a Non-Executive Director was approved with 97.86% votes in favor.
A total of 1,82,28,33,734 valid votes were cast for the fundraising resolution.
The resolutions were passed via postal ballot and e-voting which concluded on December 18, 2025.
💼 Action for Investors
Investors should watch for subsequent announcements regarding the specific terms of the FCCB issuance, including the conversion price and interest rates, to assess potential equity dilution. The strong shareholder mandate is a positive signal for the company's ability to execute its financial restructuring and growth plans.
RPOWER: ED Files Complaint Regarding SECI Bank Guarantee
Reliance Power Limited announced that the Enforcement Directorate (ED) has filed a Supplementary Prosecution Complaint against the company, its subsidiaries Reliance NU BESS Limited and Rosa Power Supply Company Limited, and others, related to a SECI Bank guarantee. The company reiterates that it and its employees acted bona-fidely and are victims of fraud. An FIR was registered on November 11, 2024, against third parties based on a criminal complaint lodged by Reliance NU BESS Limited. Reliance Power maintains its innocence and will take legal steps to protect its interests and the interests of its over 43 lakh shareholders.
Key Highlights
Supplementary Prosecution Complaint filed by ED against Reliance Power Limited.
Criminal complaint lodged by Reliance NU BESS Limited on October 16, 2024.
FIR registered on November 11, 2024, against third parties.
Company has over 43 lakh shareholders.
💼 Action for Investors
Investors should closely monitor the legal proceedings and any further disclosures from the company regarding the ED complaint. Consider the potential impact of these legal issues on the company's operations and financial stability.
Reliance Power Clarifies ED Asset Attachment; ₹8,078 Cr Relates to Reliance Communications
Reliance Power clarified that the majority of assets attached by the ED, amounting to ₹8,078 crore, pertain to Reliance Communications, which has not been part of the Reliance Group since 2019. The company states that Reliance Communications is undergoing Corporate Insolvency Resolution Process (CIRP). Reliance Power clarifies that its assets valued at ₹397.46 crore are held on long-term lease from Bombay Port Trust (BPT). The company's windmill assets valued at ₹10.14 crore have been provisionally attached and the company will take action to protect shareholder interests.
Key Highlights
₹8,078 crore of attached assets pertain to Reliance Communications.
₹397.46 crore value of Reliance Power's assets held on long-term lease from Bombay Port Trust (BPT).
₹10.14 crore value of the Company’s windmill assets provisionally attached.
₹339 crore pertains to Reliance Infrastructure Limited.
💼 Action for Investors
Investors should monitor the legal proceedings and the impact on Reliance Power's operations. The company asserts normal operations and commitment to growth, but the legal overhang introduces uncertainty.