Adani Green Energy Limited has announced that directors Gautam Adani and Sagar Adani have jointly applied with the United States Securities and Exchange Commission (SEC) for an extension of deadlines in an ongoing civil matter. The case is being heard in the United States District Court for the Eastern District of New York (EDNY).
According to the latest court filing, the parties have agreed on a revised schedule and have requested the court to extend the briefing schedule. The proposed timeline includes a deadline of June 8, 2026, for the defendants’ motion to dismiss, August 7, 2026, for the SEC’s amended complaint or opposition, and September 21, 2026, for any reply brief.
This request follows the defendants’ pre-motion conference letter filed on April 7, 2026, which outlined the grounds for their anticipated motion to dismiss. The EDNY court had directed the parties to confer regarding scheduling a pre-motion conference. The parties have proposed May 20, May 22, or May 29 as potential dates for this conference.
Adani Green Energy Limited clarified that it is not a party to these proceedings, and no charges have been brought against the company. Furthermore, as previously stated in a November 27, 2024, intimation to stock exchanges, the defendants have not been charged with violations of the United States Foreign Corrupt Practices Act, indicating no charges of bribery or corruption against them.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).