Favorable High Court Order on Panchayat Licence Fees Matter

Lakshmi Electrical Control Systems received a favorable order from the Madras High Court in the Arasur Panchayat Running Licence fees matter. The writ petition was disposed with a direction to collect fees at the old rate instead of the higher rate imposed by the local authority. The disputed amount of Rs. 1.67 lakhs will not arise per the order. No material impact is expected on the financials, operations or other activities. The company will now approach the local authority to pursue any refund based on this order.