Adani Green Energy Limited informed stock exchanges that the United States Department of Justice (US DOJ) has filed a motion seeking dismissal with prejudice of charges against Gautam Adani, Sagar Adani, Vneet Jaain and other defendants in a criminal indictment pending before a New York court.
The company stated that the matter relates to earlier proceedings filed in the United States and clarified that Adani Green Energy itself is not a party to the case.
According to the company’s exchange filing dated May 18, 2026, the US DOJ has moved the United States District Court for the Eastern District of New York seeking dismissal with prejudice of charges filed under criminal indictment number 24-CR-433.
The filing stated that dismissal with prejudice would prevent any future prosecution against the defendants on the same allegations and would effectively close the matter permanently once approved by the court.
The indictment had been filed by the US DOJ against Gautam S. Adani, Sagar R. Adani, Vneet S. Jaain and certain third-party individuals.
As per the disclosure, the individuals faced allegations linked to securities fraud conspiracy, wire fraud conspiracy and securities fraud under the proceedings initiated in the United States.
The company stated that the US DOJ reviewed the matter and decided, under its prosecutorial discretion, to seek dismissal of the charges.
Adani Green Energy noted that the final order from the United States District Court for the Eastern District of New York is still awaited.
The company disclosed the development under Regulation 30 of the SEBI Listing Regulations as part of ongoing updates related to the matter.
The company reiterated in its filing that Adani Green Energy Limited is not a party to the proceedings and that no charges have been brought against the company itself.
The update was signed by Company Secretary Pragnesh Darji and shared with both the BSE and the National Stock Exchange.
Shares of Adani Green Energy Limited were trading at ₹1,393 on May 19, 2026, up by ₹24 or 1.75% compared to the previous close of ₹1,369.
The stock exchange disclosure also carried indicators related to price volatility and valuation metrics over recent quarters.
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Adani Green Energy’s latest exchange filing stated that the US DOJ has sought dismissal with prejudice of charges against Gautam Adani, Sagar Adani, Vneet Jaain and other defendants in the US matter.
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Published on: May 19, 2026, 12:38 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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