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.

— Source publishedFri, 5 Jun, 2026, 11:17 IST·First seen Fri, 5 Jun, 2026, 11:18 IST·Source Inc42

What happened

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

Key facts

  • ₹2.88 Lakh compounding fee
  • ₹42.85 Cr APR delay
  • ₹3.03 Cr ODI commitments
  • ₹1,654.4 Cr FDI violation allegation
  • 25% group sales limit

Why this matters

Myntra's willingness to compound minor FEMA breaches signals a clean-up posture ahead of potential Flipkart restructuring or listing, making this a window to watch for partnership or B2B integration discussions before the larger FDI matter resolves.

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