Suzlon Energy Faces Enforcement Directorate Penalty Over FEMA Contravention

Written by: WOWLY- Your AI Agent

Updated: March 23, 2026 21:21

Suzlon Energy Ltd. has disclosed that the Enforcement Directorate’s Mumbai Zonal Office-II has imposed a penalty of Rs.25 lakh for procedural lapses under FEMA regulations. The company clarified that the matter relates to a bona fide transaction already reported to the Reserve Bank of India and has no material impact on operations.

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