Adani Enterprises confirmed that it had no legal action to discuss in recent media reports, answering the enquiries of the BSE and the National Stock Exchange.
The explanation was given following that mentioned a move by a US regulator to file legal summons on Gautam Adani and Sagar Adani. Adani enterprises in its filing to the stock exchanges stated that no allegations have been raised against the company in the case and cited a previous disclosure issued in November 2024.
The company further stated that the media report did not impose any additional disclosure due to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. The Company made no allegations against the Company and is not involved in these proceedings, said Adani Enterprises in its statement to the exchanges.
On January 23, 2026, the exchanges requested clarification of Adani Enterprises about a news item based on a Bloomberg report that stated that a US regulator was pursuing steps to serve legal summons to Gautam Adani and Sagar Adani.
The company requested the exchanges to receive its submission on record and pointed out that the recorded developments have no bearing on its activities or its reporting to the relevant regulations.
Adani Group stocks were heavily sold on Friday, January 23, following the news that the US Securities and Exchange Commission had been a step closer to initiating a lawsuit against senior members of the group leadership.
The SEC had filed a case against Adani Group Chairman Gautam Adani and his nephew Sagar Adani, however, according to the Bloomberg report, the SEC went to a US district judge to request authorization to issue lawsuits against the two. It was allegedly submitted to the US district judge Nicholas Garaufis in Brooklyn, New York.
The SEC has requested the court to permit other ways of delivering the summons after a series of unsuccessful attempts to deliver the summons by using traditional methods. The document mentioned by Bloomberg claimed that the regulator had tried on numerous occasions to enlist the help of Indian authorities to send the notices, but with no avail.
Consequently, the SEC is pursuing the judicial consent to employ alternative practices that are legally acceptable to formally inform the subjects in question.
The case can be traced back to November 2024, when US authorities indicted some Adani Group business executives with alleged part of an alleged bribery scheme related to payments to Indian officials to obtain electricity purchase agreements with Adani Green Energy, a group subsidiary.
The SEC then brought a civil action against Gautam Adani and Sagar Adani. This is independent of a criminal case filed by the Adani Group and other defendants against the US Department of Justice, which remains active.
The US law does not permit the foreign firms which operate in American marketplace to pay bribes abroad or raise finances by way of fake reporting. The Adani Group has refuted the claims terming them unfounded and has alleged that it will employ any legal means to protect itself.
On January 23, shares of Adani Group companies collapsed. The company listed to have been the beneficiary in the alleged bribery case, Adani Green Energy Ltd, was the leader in the fall, declining by 14.6 percent.
Adani Energy Solutions reduced 12 percent, flagship Adani Enterprises dropped 10.7 percent, Adani Ports and Special Economic Zone dropped 7.5 percent and Adani Power dropped 5.5 percent. Other group stocks also closed down with a loss of between 3 and 5 percent.
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Altogether, the firms of the Adani Group depleted approximately 12.5 billion dollars of market capitalization in the course of trade.
