Reliance Power Clarifies Zero Exposure After Receiving SEBI Show Cause Notice

Reliance Power Limited, in a filing dated October 6, 2025, informed the exchanges that it has received a Show Cause Notice from the Securities and Exchange Board of India (SEBI). The notice pertains to Reliance Infrastructure Limited’s exposure in CLE Private Limited and alleges violations under the SEBI (Prohibition of Fraudulent and Unfair Trade Practices) Regulations, 2003, read with the SEBI Act, 1992.

Reliance Power Clarifies Zero Exposure

In its statement, Reliance Power clarified that it has no financial or operational exposure to CLE Private Limited. The company emphasised that it will take appropriate legal steps and respond to SEBI as advised by its legal counsel.

Regulatory Context

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the relevant SEBI circulars issued in November 2024 and February 2025 concerning prompt and transparent disclosures by listed entities.

Corporate Response

Reliance Power assured that it remains compliant with all regulatory obligations and maintains transparency in its communications with shareholders and authorities. The company reiterated its commitment to addressing the matter through due legal process.

Official Statement

“The Company has ZERO exposure to CLE Private Limited. The Company shall take appropriate steps in the matter, as legally advised,” said Ramandeep Kaur, Company Secretary of Reliance Power Limited, in the exchange filing.

Conclusion

While SEBI’s Show Cause Notice relates to an associated entity’s exposure, Reliance Power’s clarification of zero involvement aims to reassure investors and stakeholders of its regulatory compliance. Further updates are expected as the company responds to SEBI’s communication.

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