Reliance Power faces 2nd CBI chargesheet in 2026

What Reliance Power disclosed on October 1, 2026

Reliance Power Limited said it has been named as one of the accused in a second chargesheet filed by the Central Bureau of Investigation (CBI) in a case involving Reliance Home Finance Limited (RHFL). The company said it became aware of the development through a CBI press release dated October 1, 2026. Reliance Power made the disclosure under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing positioned the update as a material legal development for the listed company.

Who is named, and who is not

The CBI chargesheet, as described in the update, does not name Anil Ambani, chairman of the Reliance ADA Group. The CBI has listed individuals including Amit Bapna (Director and Chief Financial Officer of RHFL), Amitabh Jhunjhunwala (Group Managing Director and Vice Chairman of Reliance Capital Limited), and Suresh Nagarajan (CFO of Reliance Power Ltd). The statement also references a private individual, Vijay Napawaliya, a chartered accountant who is the statutory auditor of RHFL, being named as an accused. Reliance Power itself is among the companies named.

Companies listed as accused in the second chargesheet

A CBI spokesperson stated that seven companies are named as accused: Reliance Infrastructure Ltd, Reliance Power Ltd, Reliance Big Entertainment Pvt Ltd, Reliance Broadcast Network Ltd, Reliance Business Broadcast News Holdings Ltd, Reliance MediaWorks Financial Services Pvt Ltd, and Kunjbihari Developers Pvt Ltd. The naming of multiple group entities indicates the scope of the case extends beyond a single operating company. Reliance Power’s disclosure focuses on the fact of its inclusion rather than commenting on specific allegations.

Nature of allegations cited by the CBI

According to the text provided, the accused have been charged for offences involving criminal conspiracy and cheating under the Indian Penal Code (IPC). The company’s stock exchange filing does not add further details about the factual basis of the allegations. It also does not quantify any financial impact from the CBI case. The disclosure is framed as a compliance-driven update following the investigative agency’s press release.

Reliance Power’s response to investors and stakeholders

Reliance Power told stock exchanges that it would take “all appropriate steps” to safeguard its interests, and those of its shareholders and other stakeholders. It added that these steps would be taken as legally advised. The filing does not provide a timeline for legal action or identify counsel. The language used mirrors standard stock exchange disclosures for ongoing litigation and investigations.

Link to the earlier September 7, 2026 disclosure

The October 1 disclosure follows an earlier update dated September 7, 2026, when Reliance Power said it had been named as an accused in the first supplementary chargesheet filed by the CBI in the Reliance Commercial Finance matter. At that time too, the company stated it would take steps to safeguard its interests and those of shareholders and other stakeholders, as legally advised. Reliance Power also said a CBI pre-cognizance notice had been received in August in connection with the broader matter, while the financial implication had not been ascertained.

Pre-cognizance notice and the ED complaint under PMLA

Separately, Reliance Power and its subsidiary Reliance CleanGen Limited received a pre-cognizance notice from the Special Judge, CBI, New Delhi, under Section 223 of the Bharatiya Nagarik Suraksha Sanhita, 2023. The notice related to an Enforcement Directorate (ED) complaint under the Prevention of Money Laundering Act (PMLA) connected to the Reliance Home Finance matter. The notice named the companies among proposed accused and cited an alleged amount of about ₹715 crore. The reference is to sections 3 and 4 of the PMLA.

List of eight companies referenced in the PMLA context

In the PMLA-linked context described, eight companies were named: Reliance Power Ltd., Big Flicks Pvt. Ltd., Reliance Big Entertainment Pvt. Ltd., Reliance Communications Ltd., Kunjbihari Developers Pvt. Ltd., Reliance Venture Asset Management Pvt. Ltd., Reliance Broadcast Network Ltd. and Reliance Telecom Ltd. The disclosure highlights that legal proceedings are running on multiple tracks, involving both CBI filings and an ED complaint. Reliance Power’s filings focus on acknowledging the process steps rather than addressing merits.

Key facts at a glance

Why this matters for markets and compliance tracking

For listed companies, a chargesheet naming the company as an accused is a material development that must be disclosed promptly under SEBI (LODR) Regulation 30. The sequence of disclosures in September and October 2026 indicates an ongoing legal overhang, with multiple investigative and adjudicatory steps referenced across CBI and ED-related processes. Reliance Power has not provided an estimate of financial implications arising from the CBI proceedings, and earlier it said the financial implication had not been ascertained. Investors typically track such updates for potential governance, compliance, and litigation risk, but the company’s statements in this case are limited to acknowledging process events and stating it will act on legal advice.

Conclusion

Reliance Power’s October 1, 2026 filing confirms it has been named as an accused in a second CBI chargesheet connected to Reliance Home Finance, following a September disclosure tied to the Reliance Commercial Finance matter. The company has reiterated that it will take appropriate legal steps to protect stakeholder interests. Further clarity is likely to depend on subsequent court proceedings and any additional agency communications referenced in future regulatory filings.