Reliance Power assets provisionally attached worth Rs 407.60 crore
Reliance Power Limited disclosed the provisional attachment of assets worth Rs. 407.60 crore by the Adjudicating Authority under PMLA following orders dated May 18, 2026. The company stated it will file an appeal against the attachment, which is valid for up to 365 days subject to the outcome of proceedings. Reliance Power confirmed that the attachment does not impact its business operations.
*this image is generated using AI for illustrative purposes only.
Reliance Power Limited has disclosed the provisional attachment of its assets worth Rs. 407.60 crore by the Adjudicating Authority under the Prevention of Money Laundering Act (PMLA). The company received the communication regarding the orders passed on May 18, 2026, on May 20, 2026.
The attachment follows a disclosure made by the company in December 2025 regarding the matter. The authority cited alleged violations of PMLA as the reason for the action. The provisional attachment is valid for a period of up to 365 days under the applicable provisions of the PMLA, subject to the outcome of an appeal and further proceedings.
Details of the Attachment
The company provided specific details regarding the regulatory communication in its filing. The table below summarizes the key particulars of the order and the company's response.
| Sr. No. | Particulars | Details |
|---|---|---|
| 1 | Name of the listed company | Reliance Power Limited |
| 2 | Type of communication received | Orders dated May 18, 2026 passed by the Adjudicating Authority in ECIR/STF/17/2025 |
| 3 | Date of receipt of communication | May 20, 2026 |
| 4 | Authority from whom communication received | Adjudicating Authority, PMLA |
| 5 | Brief summary of the material contents | Confirmation of the provisional attachment of certain assets of the Company amounting to Rs. 407.60 crore. |
| 6 | Period for which communication would be applicable | Up to 365 days under applicable provisions of PMLA, subject to outcome of appeal and further proceedings. |
| 7 | Expected financial implications | Confirmation of the provisional attachment of certain assets of the Company amounting to Rs. 407.60 crore. There is no impact on the business operations of the Company. |
| 8 | Details of any aberrations/non-compliances identified | Alleged violations of PMLA |
| 9 | Details of any penalty or restriction or sanction imposed | Confirmation of Provisional Attachment Order. |
| 10 | Action(s) taken by listed company | The Company will file an Appeal challenging the attachment of the above assets. |
Company Response and Future Action
In response to the attachment order, Reliance Power Limited has confirmed that it intends to file an appeal to challenge the attachment of the assets. The company emphasized that despite the provisional attachment, there is no impact on the business operations of the Company. The disclosure was made in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Historical Stock Returns for Reliance Power
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.66% | -2.80% | -4.48% | -30.28% | -39.76% | +278.74% |
If Reliance Power's appeal against the provisional attachment is unsuccessful, how could a permanent asset seizure of Rs. 407.60 crore affect the company's debt obligations and future fundraising capacity?
Given that the PMLA case reference (ECIR/STF/17/2025) suggests an ongoing enforcement investigation, could additional asset attachments beyond the current Rs. 407.60 crore be forthcoming against Reliance Power or its group entities?
How might institutional investors and lenders reassess their exposure to Reliance Power in light of escalating regulatory scrutiny under PMLA, and what impact could this have on the company's stock valuation?
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