The Exchange has sought clarification from Indian Energy Exchange Limited with respect to recent news item captioned IEX Shares Rise Ahead of APTEL Hearing on CERC Market Coupling Norms. The response from the Company is attached.
IEX · price
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Awaiting price reaction for this filing.
NSE asked Indian Energy Exchange (IEX) to clarify a news article noting a rise in IEX shares ahead of an APTEL hearing on January 6, 2026. IEX confirmed the hearing relates to its petition challenging CERC's July 23, 2025 Suo-Motu order on implementing market coupling. The company stated the hearing is a public legal proceeding, there is no unpublished price-sensitive information, and any share price movement is market-driven based on publicly available information. IEX noted the matter is still sub judice, with no order yet passed by APTEL, so there is no material impact at this stage. The company committed to making further disclosures if any material outcome arises.
Short-term: No material impact on the company since APTEL has not yet ruled on the market coupling petition. Investors should watch for the APTEL order, which could materially affect IEX's revenue model if market coupling is upheld. Share price has been reacting to public news around the hearing.