Coffee Day Enterprises Receives FEMA Notice Over 2010 FDI Transaction

Coffee Day Enterprises Ltd, the parent company of Café Coffee Day, announced that it has received a notice from the Enforcement Directorate (ED) concerning alleged contraventions under FEMA. The notice pertains to a foreign direct investment (FDI) transaction undertaken in 2010.  

The development highlights ongoing regulatory scrutiny in India’s corporate sector, particularly around compliance with foreign exchange and investment regulations. While the company has not disclosed further details, it is expected to examine the matter closely and prepare its response to the authorities.  

Industry observers note that such notices can have reputational implications, though they also provide companies with an opportunity to clarify their position and demonstrate compliance. Coffee Day Enterprises has emphasized its commitment to transparency and regulatory adherence.  

Regulatory Notice  
ED issues FEMA-related notice to Coffee Day Enterprises.  

Transaction Background  
Notice linked to an FDI transaction carried out in 2010.  

Compliance Focus  
Company expected to review and respond to authorities.  

Key Highlights  
Coffee Day Enterprises receives FEMA notice from ED  
Alleged contraventions tied to 2010 FDI transaction  
Regulatory scrutiny underscores importance of compliance  
Company reiterates commitment to transparency and governance  

Future Outlook  
The company’s response to the notice will be closely monitored by investors and regulators, as it may influence future compliance practices and corporate governance standards.  

Sources: Reuters, Economic Times, Business Standard