Sebi Fines Coffee Day Enterprises Rs 38 Lakh for Financial Disclosure Violations

The Securities and Exchange Board of India (Sebi) imposed a total penalty of Rs 38 lakh on Coffee Day Enterprises and nine officials for misstating financial results from FY20 to FY25. The investigation found the company failed to recognize interest expenses totaling Rs 489.49 crore and violated Indian Accounting Standards and disclosure norms. Sebi rejected settlement pleas, citing governance lapses and inadequate financial reporting by key executives, including the CEO and board members.