Laxmi Organic Industries Limited has informed the Exchange about General Updates, In continuation of our earlier disclosure dated October 24, 2025, we wish to inform you of further developments in the ongoing litigation.The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has filed a Special Leave Petition (SLP) before the Hon ble Supreme Court challenging the Final Order dated October 24, 2024, passed by the Appellate Tribunal for Electricity (APTEL) in Appeal No. 245 of 2018 and Appeal No. 376 of 2018.In the interim, despite the APTEL judgment dated October 23, 2024, MSEDCL has continued to levy Wheeling Charges, Wheeling Losses, and Transmission Charges and Losses. As a result, the Company was constrained to file a Contempt Petition before APTEL, seeking appropriate directions against MSEDCL. However, the Contempt Petition was dismissed by APTEL on the ground that it does not possess civil contempt jurisdiction under the Contempt of Courts Act. In the meantime, after the judgment in Contempt Petition was reserved by APTEL, the Company filed Writ Petition (L) No. 14504 of 2025 before the Hon ble Bombay High Court, challenging the continued levy of charges by MSEDCL as illegal. The detailed disclosure as required under the SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, is enclosed herewith as Annexure A . We shall continue to monitor the matter closely and will keep you informed of any significant developments in due course.The aforesaid information is also being placed on the website of the Company.
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The company provided further updates on its long-running dispute with Maharashtra State Electricity Distribution Company Limited (MSEDCL). MSEDCL has filed a Special Leave Petition (SLP) in the Supreme Court against the favorable Final Order passed by the Appellate Tribunal for Electricity (APTEL) on October 24, 2024. Despite this APTEL win, MSEDCL continued to levy Wheeling Charges, Wheeling Losses, and Transmission Charges on the company. The company filed a Contempt Petition before APTEL, which was dismissed on the technical ground that APTEL lacks civil contempt jurisdiction. The company has now filed a Writ Petition (L) No. 14504 of 2025 before the Bombay High Court challenging these continued illegal levies.
The legal battle with MSEDCL is now spread across multiple forums, prolonging uncertainty around electricity cost recoveries for the company. Although the company retains a favorable APTEL order on merits, the dismissal of the Contempt Petition and MSEDCL's Supreme Court challenge mean shareholders should expect continued litigation costs and possible ongoing charges until the matter is finally resolved.