Olectra Greentech Limited has informed the Exchange about status of Dispute with M.L.R. Motors Limited
OLECTRA · price
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Awaiting price reaction for this filing.
Olectra Greentech has lost an arbitration case against M.L.R. Motors Limited. The Arbitral Tribunal, set up under a Telangana High Court order, passed its award on March 2, 2026, and Olectra received it on March 6, 2026. The Tribunal rejected Olectra's claim to recover a Rs. 10 crore capital advance that had been converted into equity shares of M.L.R. Motors. Additionally, Olectra has been directed to pay Rs. 5 lakh towards the respondent's arbitration and legal costs. The company is reviewing the detailed order and plans to consider challenging the award before a higher court.
This is a negative outcome for shareholders, as Olectra cannot recover Rs. 10 crore it had advanced and must also bear Rs. 5 lakh in costs. The stock may see short-term pressure, though the company retains the option to appeal, leaving some room for a reversal.