Update on filing of an appeal before Appellate Tribunal for Electricity
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ACME Solar Holdings' wholly owned subsidiary, ACME Aklera Power Technology Private Limited, has had its appeal admitted by the Appellate Tribunal for Electricity. The appeal challenges an order from the Rajasthan Electricity Regulatory Commission that had disallowed claims of Basic Customs Duty and GST amounting to approximately Rs. 7.82 crores. The subsidiary had filed this appeal against the November 2025 RERC order, and the Tribunal has now accepted the case for further hearings as per an order dated April 29, 2026.
This is a routine legal update regarding a subsidiary's tax-related dispute with a regulatory body. The admission of the appeal means the case will proceed, but there is no indication of any stay on the original order or immediate financial impact. Shareholders should monitor for further developments as the case moves through the Tribunal.