Adani Energy Solutions Ltd (AESL), the power transmission arm of the Adani Group, said on Tuesday (October 22) that it had received a notice from SEBI alleging miscategorization of certain investors as public shareholders.

Without giving details, the company said in the notes to its second quarter earnings report that it will respond to regulatory and statutory authorities with relevant information/clarifications.

The group’s renewable energy company Adani Green Energy Ltd, which also reported its second quarter results, has not received any fresh notice from SEBI.

“During the current quarter, an SCN (show cause notice) was received, alleging erroneous categorization of the participation of certain entities as public participation and the consequent consequences thereof,” AESL said. “The Company will respond to regulatory and statutory authorities by providing information, responses, documents and/or clarifications, as appropriate, within the required time frame.”

The SEBI listing rule provides that listed companies hold at least 25 per cent of the equity held by public investors. Foreign portfolio investors with links to the promoter group are generally referred to as promoter holding companies.

Seven of the ten listed companies of the Adani Group have received show cause notices from the Securities and Exchange Board of India (SEBI) for alleged violation of related party transactions and non-compliance with listing regulations during the quarter ended 31 March. indicated in their regulatory documents with the stock exchanges.