Laxmi Organic Industries Limited has submitted a Disclosure relating to litigation update.
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Maharashtra State Electricity Distribution Company Limited (MSEDCL) has filed an appeal before the Appellate Tribunal for Electricity (APTEL) challenging a September 17, 2025 order from the Maharashtra Electricity Regulatory Commission (MERC) that had gone in favour of Laxmi Organic Industries. The appeal is filed along with a request to condone a 116-day delay, which APTEL has not yet admitted — the appeal will only be heard if the delay is condoned. The company believes the appeal is not sustainable since MERC had already examined the matter before issuing its order. If APTEL admits the appeal and stays the original order, the company could face a maximum financial exposure of around ₹407.27 million, plus any applicable interest.
No immediate financial impact since the appeal is not yet admitted and no stay has been granted on the favourable MERC order. However, shareholders should track this case as a worst-case adverse outcome could cost the company up to ₹407.27 million plus interest.