Acme Solar Holdings Limited has informed the Exchange about Update on show cause cum demand notice

Court Stay ObtainedRegulatory & Legal View source PDF

ACMESOLAR · price

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₹297.50

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₹299.10

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AI summary

Acme Solar Holdings Limited has received an interim stay order from the Hon'ble High Court of Rajasthan dated April 20, 2026. The court stay halts the operation and effect of a show cause cum demand notice (SCN) that was issued by GST authorities. This is an update to previous intimations filed on March 29, 2026 and April 13, 2026. The interim stay remains in effect until further orders from the court. The company disclosed this update as required under SEBI Listing Regulations.

Likely market impact

The court-granted interim stay provides temporary relief from the GST demand, which is a positive short-term development for the company. However, the underlying GST liability dispute remains unresolved pending further court orders.