SEBI orders Emami Realty over misclassification and related party transactions
This is an adjudication order by SEBI regarding Emami Realty Limited (ERL), examining alleged violations related to the non-disclosure of related party transactions, lack of prior audit committee approval for specific loans, and the misclassification of investments as inventories in financial statements for FY14 to FY25.
Emami Realty Limited (formerly Emami Infrastructure Limited)
- Alleged failure to disclose Emami Agrotech Limited (EAL) as a related party and report loans of ₹102.15 crore (FY14) and ₹78.20 crore (FY15).
- Alleged failure to disclose Add Albatross Properties Private Limited (AAPPL) as a related party and report deposits of ₹80 crore (FY14).
- Alleged failure to disclose Sanjeevani Vyapaar LLP (SVL) as a related party and report loans of ₹26.90 crore (FY15).
- Alleged violation of Regulation 23(2) of LODR Regulations for failing to obtain prior audit committee approval for a ₹25 lakh loan to Lohitka Property LLP in August 2016.
- Alleged misclassification of ₹49.94 crore in equity investments and debentures as 'Inventories' instead of 'Investments' in standalone financial statements for FY22 and FY23.
- Investigation period covers FY14 to FY25.
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Document details
| Official title | Adjudication Order in the matter of Emami Realty Limited |
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | Order/JS/RJ/2026-27/ |
| Status | None (order) |
| Year | 2026 |
| Closing date | — |
| Documents | 1 |