Sebi Penalizes Coffee Day Enterprises and Officials for Financial Disclosure Violations

The Securities and Exchange Board of India (Sebi) imposed penalties on Coffee Day Enterprises and nine officials for misstating financial results from FY20 to FY25. Sebi found the company understated losses by excluding interest expenses totaling ₹489.49 crore, violating accounting standards and disclosure norms. Coffee Day was fined ₹10 lakh, while penalties for individuals ranged from ₹1 lakh to ₹5 lakh. Sebi rejected settlement pleas and cited governance lapses and failures in financial reporting oversight.