Myntra closes FEMA case with RBI via ₹2.88 Lakh compounding fee, ends ED probe

Myntra settled FEMA contraventions with the RBI on April 20, 2026, paying a ₹2.88 Lakh compounding fee that closes an Enforcement Directorate probe into delayed APR filings and ₹3.03 Cr ODI commitments. A separate ₹1,654.4 Cr FDI-violation allegation from July 2025 remains unresolved, keeping regulatory overhang on the Flipkart-owned platform.

— Filed Fri, 5 Jun, 2026, 11:18 IST · Source Inc42 · Updated

Myntra settled FEMA contraventions with RBI via a ₹2.88 Lakh compounding fee on April 20, 2026, closing an ED probe into delayed APR filings and ODI commitments. A separate ₹1,654 Cr FDI-violation case from July 2025 remains.

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