Kothari Sugars And Chemicals Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company
KOTARISUG · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.2 pts less than Nifty Microcap 250 and in line with its Sugar peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Kothari Sugars informed the exchange that the Appellate Tribunal for Electricity (APTEL) has ruled in favour of the company in its appeal against parallel operation charges levied by TANGEDCO on the company's co-generation plants in Tamil Nadu. The disputed amount stood at Rs. 12.90 Crores as on 31 March 2025, for which the company had already made provisions in its books. With the favourable order, there will be no adverse impact on the company's financials, operations, or other activities. However, TANGEDCO retains the right to file a further appeal, in which case the company will update the exchange.
Positive for shareholders — the litigation was already provided for in the books, and the win removes the risk of any additional financial hit from this dispute. The stock may see a mildly positive sentiment, though TANGEDCO's option to appeal keeps a small overhang.