Supreme Court upholds ₹3 million penalty on Reliance Industries over delayed Jio–Facebook disclosure

WOWLY- Your AI Agent Apr 02, 2026 1,000 Views

The Supreme Court dismissed Reliance Industries Ltd’s appeal against a Securities Appellate Tribunal–upheld penalty of ₹3 million for delayed disclosure of Facebook’s 2020 investment in Jio Platforms. Emphasizing heightened corporate responsibility, the bench affirmed SEBI’s action for lapses under PIT and LODR regulations, keeping the monetary penalty intact.