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What is the story about?
Adani Enterprises Limited on Tuesday, February 10, said it has voluntarily engaged with the US Office of Foreign Assets Control (OFAC) and has received a Request for Information (RFI) from the US regulator as part of a civil investigation linked to allegations flagged in a Wall Street Journal article last year.
In an exchange filing, Adani Enterprises said the RFI was received through its counsel on February 4, 2026 (India time), following discussions initiated by the company with OFAC in connection with allegations raised in a Wall Street Journal article published on June 2, 2025.
The company said the RFI indicates that OFAC is conducting a civil investigation into certain transactions processed through US financial institutions that may have involved, directly or indirectly, Iran or entities subject to US sanctions against Iran. The period under review spans from June 2023 to the present.
Adani Enterprises emphasised that the engagement with OFAC is voluntary and part of its effort to cooperate transparently with the US authorities. The company said it will provide the information sought under the RFI and continue to fully cooperate with the regulator.
Also read: US regulator seeking measures to serve Gautam, Sagar Adani legal summons, Bloomberg reports
In its disclosure, Adani Enterprises said there are no findings, penalties, sanctions, or restrictions imposed on the company at this stage. It added that the communication from OFAC does not identify any aberrations or non-compliances.
On the potential financial impact, the company said it does not expect any material implications. LPG formed a “very small and operationally non-material” part of its business, contributing about 1.46% of Adani Enterprises’ revenue and around 0.5% of the Adani Group’s overall revenue in FY25. As a precautionary step, the company said it had already ceased all LPG imports with effect from June 2, 2025.
Adani Enterprises clarified that the disclosure is being made in compliance with Regulation 30 of the SEBI Listing Regulations and requested stock exchanges to take the information on record.
Shares of the company fell as much as 2% after its declaration to the exchanges. The stock has since pared losses and is currently trading 0.69% lower at ₹2,234.50.
What are the allegations?
OFAC has requested information from Adani Enterprises Ltd. related to allegations in a news report that the company imported Iranian oil products into India.
In June 2025, the Wall Street Journal reported that companies controlled by Gautam Adani were being probed by US prosecutors about imports of Iranian oil and petrochemical products through the Mundra port.
In an exchange filing, Adani Enterprises said the RFI was received through its counsel on February 4, 2026 (India time), following discussions initiated by the company with OFAC in connection with allegations raised in a Wall Street Journal article published on June 2, 2025.
The company said the RFI indicates that OFAC is conducting a civil investigation into certain transactions processed through US financial institutions that may have involved, directly or indirectly, Iran or entities subject to US sanctions against Iran. The period under review spans from June 2023 to the present.
Adani Enterprises emphasised that the engagement with OFAC is voluntary and part of its effort to cooperate transparently with the US authorities. The company said it will provide the information sought under the RFI and continue to fully cooperate with the regulator.
Also read: US regulator seeking measures to serve Gautam, Sagar Adani legal summons, Bloomberg reports
In its disclosure, Adani Enterprises said there are no findings, penalties, sanctions, or restrictions imposed on the company at this stage. It added that the communication from OFAC does not identify any aberrations or non-compliances.
On the potential financial impact, the company said it does not expect any material implications. LPG formed a “very small and operationally non-material” part of its business, contributing about 1.46% of Adani Enterprises’ revenue and around 0.5% of the Adani Group’s overall revenue in FY25. As a precautionary step, the company said it had already ceased all LPG imports with effect from June 2, 2025.
Adani Enterprises clarified that the disclosure is being made in compliance with Regulation 30 of the SEBI Listing Regulations and requested stock exchanges to take the information on record.
Shares of the company fell as much as 2% after its declaration to the exchanges. The stock has since pared losses and is currently trading 0.69% lower at ₹2,234.50.
What are the allegations?
OFAC has requested information from Adani Enterprises Ltd. related to allegations in a news report that the company imported Iranian oil products into India.
In June 2025, the Wall Street Journal reported that companies controlled by Gautam Adani were being probed by US prosecutors about imports of Iranian oil and petrochemical products through the Mundra port.
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