Acme Solar Holdings Limited has informed the Exchange about Update on filing of an appeal before Appellate Tribunal for Electricity
ACMESOLAR · price
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On the reaction day the stock moved 0.8 pts less than Nifty Smallcap 250 and in line with its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The company's wholly owned subsidiary, ACME Aklera Power Technology Private Limited, filed an appeal with the Appellate Tribunal for Electricity challenging a Rajasthan Electricity Regulatory Commission order. The RERC had disallowed claims for Basic Customs Duty and GST totaling approximately Rs. 7.82 crores. The Tribunal has admitted the appeal for further hearing, with the order received on May 4, 2026. This is a regulatory dispute in the power sector regarding disputed tax claims by a solar energy subsidiary.
The admission of the appeal means the case will proceed and the company has an opportunity to recover Rs. 7.82 crores. No immediate financial loss has been recognized, and shareholders should monitor for further developments as the Tribunal hears the case.