Reliance Infrastructure: ₹670 Cr PMLA Attachment Confirmed

The latest order and why it matters

Reliance Infrastructure Limited has told stock exchanges that an adjudicating authority under the Prevention of Money Laundering Act (PMLA) has confirmed a provisional attachment of certain company assets. The total value of the assets under attachment is about ₹670.48 crore. The company said it received the communication on April 21, 2026, for an order dated April 20, 2026. The matter relates to alleged PMLA violations for the period between 2017 and 2019. Reliance Infrastructure said it will challenge the decision through an appeal before the appropriate forum. It also stated that there is no impact on the company’s business operations. The confirmation means restrictions on those assets remain until a final decision is taken in the matter.

What the Adjudicating Authority confirmed

In its regulatory disclosure, Reliance Infrastructure said the adjudicating authority validated the continuation of a provisional attachment that had already been imposed on some properties. The company described the action as confirmation of a provisional attachment, not a final adjudication on the underlying allegations. The order keeps the restriction in place until the case reaches a final decision. The attachment value cited by the company is approximately ₹670.48 crore. The company linked the proceedings to alleged PMLA violations over 2017 to 2019. Reliance Infrastructure did not describe the specific properties in the disclosure text provided, beyond stating that certain assets or properties are involved. The company positioned the update as a compliance disclosure under SEBI (Listing Obligations and Disclosure Requirements) Regulations.

Company response: appeal planned, operations unchanged

Reliance Infrastructure said it has decided to go against the order and will challenge it through an appeal. It reiterated that the development has not affected normal business operations. At the same time, it acknowledged that restrictions will continue to apply to the attached assets while proceedings continue. The company’s stance is that it will pursue legal remedies to protect its interests and those of stakeholders. The filing did not indicate any additional operational disruption resulting from the attachment confirmation. The company’s communication focused on process and next steps rather than commenting on the merits of the allegations. It also did not disclose any financial provisioning or cash flow impact beyond the asset restriction described in the order.

Context: a separate ED attachment of about ₹1,575 crore

The company has also previously disclosed a separate enforcement action involving a larger provisional attachment amount. As per the information provided, the Enforcement Directorate (ED) issued a Provisional Attachment Order dated January 28, 2026, for approximately ₹1,575 crore. The assets referenced in that development included Reliance Infrastructure’s shareholding in subsidiaries such as BSES Yamuna Power Limited, BSES Rajdhani Power Limited, and Mumbai Metro One Private Limited. The cited ED action was also linked to alleged violations under PMLA. Reliance Infrastructure said it would take appropriate legal action and was seeking legal counsel. The period referenced for the ED investigation was stated as 2017 to 2019. This earlier development is separate from the ₹670.48 crore confirmation order described by the company as being from the PMLA adjudicating authority.

Another legal thread: customs lien of ₹77.86 crore on bank accounts

In a separate exchange filing, Reliance Infrastructure said it will appeal an order passed by the Office of the Commissioner of Customs (Appeals). The order confirmed a lien of ₹77.86 crore on the company’s bank accounts. The company said the order is dated June 6, 2026, and it confirms a provisional attachment that was originally imposed in December 2025. Reliance Infrastructure stated that the action stems from alleged violations under the Foreign Exchange Management Act (FEMA). It disclosed that the confirmation of the lien continues to have financial implications equivalent to the amount attached. The applicability period for this order was stated as dating back to December 9, 2025. The company added that no additional penalties or sanctions beyond the confirmation of the lien had been disclosed at that stage.

February 2026 clarification on a media-linked ED release

Reliance Infrastructure also issued a formal clarification dated February 26, 2026, in response to media reports about an ED press release dated February 25, 2026. The company said it became aware of the news via media and that ED press release. It stated that the enforcement action mentioned in the reports pertained to Reliance Communications Limited under PMLA, 2002. Reliance Infrastructure’s management clarified that the enforcement action did not pertain to Reliance Infrastructure Limited. Based on that, it said no regulatory disclosure was warranted from its side under applicable regulations. The company also stated it could not comment on stock price movements. This clarification is distinct from the later disclosures that specifically reference attachment actions involving Reliance Infrastructure.

What “provisional attachment confirmed” typically implies

From the company’s description, the adjudicating authority’s confirmation keeps the provisional attachment in effect. Practically, that means the attached assets remain subject to restrictions while the legal process continues. The company’s filing indicates the restriction continues until a final decision is taken in the matter. Reliance Infrastructure has indicated it will take the appellate route, which is a procedural next step in such disputes. The company’s statement that operations are not impacted suggests it expects day-to-day business to continue normally. But the restriction on specific assets can still be relevant for financing flexibility and corporate actions involving those assets. The company has not disclosed any additional conditions attached to the order beyond continuation of the attachment.

Key facts at a glance

Market impact and what investors typically track next

The company’s disclosures emphasise two parallel points: legal contestation through appeals, and no impact on business operations. For investors, the immediate measurable numbers disclosed are the attachment and lien values of ₹670.48 crore and ₹77.86 crore, along with the earlier ED attachment figure of about ₹1,575 crore. The operational statement is relevant because it addresses continuity, even as asset restrictions remain in place. The next concrete milestones are procedural, including filing of appeals and any subsequent decisions by appellate forums. Another key point is whether future filings add details on which specific assets are restricted and for how long. Investors also typically watch whether authorities issue additional orders, or whether any interim relief is granted, but no such relief has been disclosed in the provided information. Until new filings emerge, the confirmed information is limited to the orders, dates, amounts, and the company’s intention to appeal.

Conclusion

Reliance Infrastructure has disclosed that a PMLA adjudicating authority confirmed continuation of a provisional attachment on assets worth about ₹670.48 crore, linked to alleged violations during 2017-2019. The company has said it will appeal and that business operations are not impacted. Separately, it has indicated plans to challenge a customs appellate order confirming a ₹77.86 crore lien on bank accounts, and it has previously disclosed an ED provisional attachment of about ₹1,575 crore related to certain subsidiary shareholdings. The next updates are likely to come through exchange filings as appeals are filed and proceedings move forward.