Reliance Infrastructure Limited has announced a board meeting scheduled for January 31, 2026, to consider and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting will address both standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Board Meeting Details

The company has formally notified stock exchanges about the upcoming board meeting in accordance with regulatory requirements. The meeting notification was issued pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Trading Window Restrictions

In compliance with insider trading regulations, Reliance Infrastructure has implemented trading restrictions for designated persons. The trading window for company securities has been closed from January 1, 2026, as part of the company's Code of Conduct to Regulate, Monitor and Report Trading in Securities.

The trading restrictions align with the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015. The trading window will remain closed until 48 hours after the board meeting outcomes are made public in accordance with listing regulations.

Regulatory Compliance

The company's announcement demonstrates adherence to established corporate governance practices and regulatory frameworks. The formal notification to both BSE Limited and National Stock Exchange of India Limited ensures transparency in corporate communications and maintains compliance with stock exchange listing requirements.

Reliance Infrastructure Limited, incorporated in 1929, operates from its registered office at Reliance Centre in Mumbai's Ballard Estate. The company maintains its commitment to regulatory compliance through timely disclosures and adherence to prescribed corporate governance standards.

Reliance Infrastructure is facing intensified regulatory scrutiny as the Enforcement Directorate (ED) has frozen 13 bank accounts of the company. This action is part of an ongoing investigation into alleged violations of the Foreign Exchange Management Act (FEMA), with the agency having previously placed a lien worth ₹77.86 crore on the company's accounts.

Enforcement Action Escalates

The freezing of multiple bank accounts represents a significant escalation in the ED's enforcement action against the infrastructure company. The agency's decision to freeze 13 separate accounts indicates the comprehensive nature of the investigation and suggests potential widespread concerns regarding the company's foreign exchange compliance.

FEMA Compliance Investigation

The enforcement action relates to alleged contraventions of FEMA regulations, which govern foreign exchange transactions and cross-border investments in India. The freezing of bank accounts is a more restrictive measure than a lien, as it completely prevents the company from accessing funds in the affected accounts during the investigation period.

Operational Impact

The freezing of 13 bank accounts could significantly impact Reliance Infrastructure's operational capabilities and financial flexibility. Unlike a lien which restricts specific amounts, frozen accounts prevent any transactions, potentially affecting the company's ability to conduct routine business operations, pay suppliers, or meet financial obligations.

The development underscores the serious nature of the alleged FEMA violations and highlights the regulatory challenges facing the infrastructure company as it navigates this enforcement action.