India Power faces SFIO investigation notice under Companies Act
India Power Corporation Limited received an SFIO investigation notice on July 14, 2026, under Section 212 of the Companies Act, 2013, related to an MCA order dated April 23, 2026. The company, currently under CIRP following an NCLT order on May 15, 2026, stated it is cooperating with the probe. It reported no immediate impact on its financial or operational activities.
*this image is generated using AI for illustrative purposes only.
India Power Corporation Limited received a notice from the Serious Fraud Investigation Office (SFIO) on July 14, 2026, directing an investigation into its affairs under Section 212 of the Companies Act, 2013. The Ministry of Corporate Affairs (MCA) issued the order on April 23, 2026, under order No F. No.CL-IL-03/482/2025/O/o-DGCOA-MCA. The investigation concerns SREI Infrastructure Finance Limited and other companies under investigation (CULs), requiring information under Section 217(1) of the Companies Act, 2013.
The company is currently undergoing proceedings under the Insolvency and Bankruptcy Code, 2016 (IBC). The Hon'ble National Company Law Tribunal (NCLT), Hyderabad Bench-I, admitted an application under Section 7 of the IBC against the company on May 15, 2026, commencing the Corporate Insolvency Resolution Process (CIRP). Consequently, the powers of the Board of Directors of the company stand suspended.
India Power Corporation Limited stated that it is extending its cooperation with the SFIO during the investigation by furnishing relevant information and documents as required. The company is reviewing the contents of the notice and plans to take all procedural steps, including providing a timely response to the SFIO.
Regulatory Disclosure Details
The company disclosed the event to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was read with the SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
| Sr. No. | Particulars | Details |
|---|---|---|
| 1. | Name of the Authority | Serious Fraud Investigation Office (SFIO) Ministry of Corporate Affairs (MCA), Government of India, New Delhi |
| 2. | Nature and details of the action(s) taken | Investigation into the affairs of the Company u/s 212 of Companies Act, 2013 – calling of information under Section 217(1) of the Companies Act, 2013. |
| 3. | Date of receipt of direction | 14th July, 2026 |
| 4. | Details of the violation(s)/ contravention(s) committed | None as per the above referred Notice |
| 5. | Impact on financial, operational or other activities | We are currently reviewing the contents of the Notice and will take all procedural steps, including providing a timely response to SIFO. There is no impact on the financial, operational or other activities of the Company. |
The company confirmed that there is no impact on its financial, operational, or other activities as a result of the notice at this stage. The intimation was signed by Dhananjay Karmakar, Company Secretary & Compliance Officer, under the authority of Ms. Sreenivasa Mano Ranjani Medarametla, Insolvency Resolution Professional (IRP).
Historical Stock Returns for DPSC
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.13% | -1.07% | -3.39% | -21.84% | -46.92% | -57.04% |
How will the SFIO investigation influence the timeline and outcome of the ongoing Corporate Insolvency Resolution Process (CIRP)?
What specific information regarding SREI Infrastructure Finance Limited is SFIO seeking from India Power Corporation Limited?
Could the investigation uncover liabilities that might affect the recovery prospects for creditors under the IBC proceedings?
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
