Business

IIE DIGITAL DESK ; New Delhi, May 30: Capital markets regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of nearly ₹29 crore on Suzlon Energy and its top executives after finding alleged misstatements in the company’s financial reporting over multiple years.

The regulatory order, SEBI held that Suzlon, along with its chairman and managing director Vinod Tanti and other senior officials, was responsible for misrepresenting financial statements and misleading investors. The violations are said to have taken place over the period between FY2014 and FY2020.

The investigation revealed that the company engaged in questionable accounting practices and transactions between subsidiaries, which allegedly resulted in an inflated picture of profitability and financial strength. SEBI noted that such disclosures failed to present a “true and fair view” of the company’s actual financial position.

The enforcement action, SEBI imposed a total penalty of approximately ₹29 crore on Suzlon Energy, with separate fines also levied on key executives, including senior promoters and former finance officials, for their roles in the reported irregularities.

The regulator emphasized that accurate financial disclosure is essential for maintaining investor trust and market integrity, and that misleading reporting constitutes a serious violation of securities laws.