What the board approved
At its meeting on July 29, 2026, the board of Adani Enterprises approved unaudited standalone and consolidated results for the quarter ended June 30, 2026. The consolidated line swung into loss even though revenue from operations rose year on year — the reversal was driven by a single exceptional item rather than by the operating business, which remained profitable before that charge.
The board also approved the appointment of Ms. Anju Abrol — described in the filing as a banking professional with over 30 years of global experience — as an independent director for a first term of three years, subject to shareholder approval.
The OFAC settlement charge
Per the filing, the loss traces to an exceptional item booked during the quarter. The company said it entered into a settlement agreement dated May 14, 2026 with the U.S. Office of Foreign Assets Control (OFAC) and paid the settlement amount, following what it described as its own proactive engagement with OFAC over allegations raised in reports published in June 2025. That charge is what pushed operating profit before exceptional items into a pre-tax and after-tax loss for the quarter.
Separately, the company noted a Qualified Institutional Placement completed after quarter-end, allotting fresh equity to institutional buyers, and reiterated that comparative figures were restated to reflect the Composite Scheme amalgamations effective April 1, 2026.
Auditor qualification and pending matters
The statutory auditor issued a modified conclusion on the consolidated results, tied to subsidiary Mumbai International Airport Limited (MIAL). Per the filing, ongoing CBI and Ministry of Corporate Affairs proceedings concern alleged diversion of MIAL funds aggregating ₹845.76 crores, of which a net book value of ₹420.57 crores sits in Property, Plant and Equipment; MIAL's auditors gave a modified opinion for lack of sufficient audit evidence. The filing states no adjustments have been made pending conclusion of legal proceedings.
The company also disclosed outstanding customs duty demand notices and continuing emphasis-of-matter items at MIAL and Navi Mumbai International Airport regarding annual-fee arbitration and MCA investigations. For a holder, these are ongoing items disclosed as unresolved and unadjusted in these accounts.