Ambika Cotton Mills Limited has informed the Exchange about orders passed with regard to Balance 50% of the deemed demand charges - the common order dt. 12.12.2025 passed by Hon ble Division Bench of Madras High Court in WA Nos.947 of 2019 Demand raised by Supdt. Engineer dt. 04.03.2026 Received on 05.03.2026 by registered post
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Ambika Cotton Mills has received a demand notice of Rs. 1,80,07,822 from the Superintendent Engineer, Dindigul, comprising Rs. 69,45,196 as the balance 50% of deemed electricity demand charges and Rs. 1,10,62,626 as interest. The demand follows a common order passed by the Madras High Court Division Bench on 12.12.2025 in WA Nos. 947 of 2019, and the company has been asked to pay by 12.03.2026. The company, as a member of the Tamilnadu Spinning Mills Association, has filed a Special Leave Petition (SLP) before the Supreme Court, which is listed for hearing on 09.03.2026. The company has stated there is no violation and no material impact on its financial position or operations.
The amount is relatively small for the company and management says there is no material impact, but shareholders should watch the Supreme Court hearing on 09.03.2026 as the outcome could affect the broader textile and spinning industry's exposure to similar deemed electricity demand charges.