Gautam Adani on Tuesday said the Supreme Court panel set up after the release of the Hindenburg report confirmed the quality of the group’s disclosures and “found no instance of any breach” as he slammed the US short-seller Hindenburg for a “malicious” attempt to damage the reputation of his conglomerate.

Addressing shareholders virtually at the annual general meeting of Adani Enterprises Ltd (AEL), Adani said the group was awaiting the Sebi report on the alleged breach of public float rules as “we remain confident of our governance and disclosure standards”. This was Adani’s first comments on the Supreme Court findings.

The remit of the expert committee was, however, narrow: it was asked to assess the causal factors that led to the stock market volatility after the Hindenburg report came out on January 24 and whether there had been regulatory failure on the part of Sebi in dealing with the contravention of securities market laws in the Adani case.

At the AGM, Adani reiterated the Hindenburg report was a combination of targeted misinformation and discredited allegations and it was a deliberate and malicious attempt aimed at tarnishing the group’s reputation and generating profits by driving down its stock prices.

However, he added that during the crisis, the group raised funds from international investors, even as no credit rating agency cut any of its ratings.

The group chief also referred to the strong results of its listed firms.