The Consumer Grievance Redressal Forum(CGRF), Kalyan regarding matters related to electricity load, billing etc.
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India Homes Ltd had filed a review appeal before the Consumer Grievance Redressal Forum (CGRF), Kalyan, regarding electricity load, billing, and meter removal issues. The Forum has issued its order, directing that any request for load reduction can only be pursued after the final judgment of the Hon'ble High Court on MSEDCL's writ petition. Importantly, the CGRF waived electricity bills for the period April 2024 onwards, amounting to Rs. 6.61 Crore, in favour of the company. The company has stated it will comply with the directions and keep the stock exchange updated on further developments.
This is a positive outcome for shareholders — the Rs. 6.61 Crore electricity bill waiver provides tangible financial relief and reduces the company's liabilities, though the load reduction matter remains pending the High Court ruling.