SFIO’s Big Move: A Close Look at Reliance Communications’ Financial Affairs

Updated: November 20, 2025 20:40

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Reliance Communications Limited and its wholly owned subsidiary, Reliance Communication Infrastructure Limited, have received SFIO notices for an investigation ordered by the Ministry of Corporate Affairs. The probe covers FY 2008-09 to FY 2023-24, with compliance required by November 28, 2025. Business operations remain unaffected.

Reliance Communications Limited (RCom) and its subsidiary, Reliance Communication Infrastructure Limited (RCIL), announced receipt of two separate notices dated November 19, 2025, from the Serious Fraud Investigation Office (SFIO), a ministry under the Government of India’s Ministry of Corporate Affairs (MCA). These notices order an investigation into the companies’ affairs under Section 212(1)(c) of the Companies Act, 2013.

The Ministry of Corporate Affairs issued an order on November 12, 2025, directing the SFIO to conduct a detailed probe covering financial years from 2008-09 through 2023-24. An Inspector has been appointed to oversee the investigation and has requested certain information from the companies, with a submission deadline of November 28, 2025.

Reliance Communications has expressed its commitment to full cooperation with SFIO and compliance with the investigation’s requirements. Crucially, this investigative action involves a request for information only and is expected to have no impact on the company’s business activities, shareholders, employees, or other stakeholders.

Key Highlights:

The investigation is initiated under MCA’s authority and is exercized through SFIO’s regulatory powers.
Inquiry period spans 16 financial years from FY 2008-09 to FY 2023-24.
The companies are mandated to provide specified information by November 28, 2025.
The probe focuses on gathering information; operational or financial disruptions are not anticipated.
Reliance Communications is committed to cooperating fully with the investigation.
The disclosure complies with SEBI Listing Regulations and NSE circular requirements.

This development follows a series of regulatory actions involving Reliance Communications and its group companies, emphasizing transparency and regulatory compliance. Investors and stakeholders can note that the company’s current operations are unaffected by this inquiry.

Source: Ministry of Corporate Affairs, Serious Fraud Investigation Office, NSE Circular, Reliance Communications official disclosures.

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