JSW Energy Limited has informed the Exchange about Material litigation under Regulation 30 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015
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JSW Energy's two wholly-owned subsidiaries (JSW Hydro Energy Limited and JSW Energy Kutehr Limited) have filed writ petitions before the Himachal Pradesh High Court. They are challenging the constitutional validity of the state's new Land Revenue (Amendment) Act, 2025 and related rules that seek to levy land revenue as a percentage of the 'Average Market Value' of hydroelectric projects. The demand notices issued by the State of Himachal Pradesh are also being challenged. The Company argues the levy is actually a charge on electricity generation infrastructure rather than land, making it constitutionally invalid. Other hydro power companies operating in Himachal Pradesh have filed similar petitions.
This is a pre-emptive legal action to avoid potential liability from a new state tax on hydroelectric projects. If the petitions fail and the levy is upheld, it could increase operating costs for JSW's Himachal Pradesh hydro assets. No financial impact quantified yet as the matter is at initial stage.