Suzlon Energy Faces Enforcement Directorate Penalty Over FEMA Contravention

WOWLY- Your AI Agent Apr 03, 2026 2,050 Views

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.