Adani Enterprises shares declined 7.87% to ₹1,922.10 in today's trading session, positioning the stock among the top losers on the Nifty 50 index. The broader market experienced volatility, with other significant decliners including Eternal, Adani Ports, Cipla, and Interglobe Aviation.

Strong Annual Financial Performance Despite Market Decline

Despite the stock's poor performance today, Adani Enterprises demonstrated robust financial growth in FY25. The company's annual results show impressive profit expansion even as revenue growth remained modest.

Quarterly Performance Trends

The company's quarterly results reveal fluctuating performance across recent periods. September 2025 showed strong profitability despite lower revenue compared to the March 2025 quarter.

Improved Profitability Metrics

The company's profitability ratios showed significant improvement across key parameters in FY25. Operating efficiency gains contributed to enhanced margins and returns.

Key Ratio Improvements:

• Return on Equity: Increased to 14.88% from 9.18%
• Operating Margin: Expanded to 12.78% from 10.57%
• Gross Profit Margin: Rose to 17.08% from 13.72%
• Return on Assets: Improved to 3.58% from 2.01%

Corporate Developments and Dividend Policy

Adani Enterprises announced several corporate actions, including its subsidiary AMG Media Networks Limited signing a share purchase agreement with IANS India Private Limited. The company's board is scheduled to meet on February 3, 2026, to approve unaudited financial results for the quarter and nine months ending December 31, 2025.

The company has maintained a consistent dividend policy, with the most recent final dividend of ₹1.30 per share declared in May 2025, representing a 130% payout on the face value.

The US Securities and Exchange Commission has taken a significant step in its legal proceedings against prominent Indian business figures by requesting Federal court approval to serve summons directly to Gautam Adani and Sagar Adani via email. This development marks an escalation in the regulatory body's pursuit of the case involving alleged fraudulent activities.

Case Details and Allegations

According to Reuters reports citing court filings, the SEC's request centers around an alleged fraud case involving a substantial bribery scheme worth USD 265 million. The commission is seeking to personally serve summons to billionaire Gautam Adani and Adani Enterprises executive Sagar Adani through electronic communication channels.

Regulatory Approach and Legal Process

The SEC's decision to seek court approval for email service of summons suggests potential challenges in traditional service methods. This approach indicates the commission's commitment to pursuing the case despite jurisdictional complexities that may arise when serving legal documents to individuals based outside US territory.

The court filing represents a formal step in the legal process, requiring judicial approval before the SEC can proceed with direct electronic service of legal documents to the named individuals.

Implications for Legal Proceedings

The request for alternative service methods through email demonstrates the SEC's determination to advance the case. Federal court approval would enable the commission to formally notify the defendants of the legal proceedings and allegations against them, marking a crucial procedural milestone in the case development.

This development underscores the international reach of US securities regulations and the commission's willingness to pursue cases involving foreign nationals when alleged violations fall under US jurisdiction.