ACME Solar Holdings' Subsidiary Gets Appeal Admitted Before Appellate Tribunal for Electricity Over Disallowed Claims of ~Rs. 7.82 Crores
ACME Solar Holdings Limited disclosed that its wholly owned subsidiary, ACME Aklera Power Technology Private Limited, filed an appeal before the Appellate Tribunal for Electricity against disallowed claims of ~Rs. 7.82 crores related to Basic Customs Duty and GST. The disallowed claims stemmed from a Rajasthan Electricity Regulatory Commission order dated November 13, 2025. The Tribunal admitted the appeal for further hearing vide order dated April 29, 2026, received on May 4, 2026. The disclosure was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements Regulations, 2015.

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ACME Solar Holdings Limited has informed stock exchanges that its wholly owned subsidiary, ACME Aklera Power Technology Private Limited, has had its appeal admitted before the Hon'ble Appellate Tribunal for Electricity. The development relates to disallowed claims of Basic Customs Duty and GST of ~Rs. 7.82 crores, originally arising from an order passed by the Rajasthan Electricity Regulatory Commission. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, on May 4, 2026.
Background: Rajasthan Electricity Regulatory Commission Order
The Rajasthan Electricity Regulatory Commission, in its order dated November 13, 2025, had disallowed certain claims pertaining to Basic Customs Duty and GST amounting to ~Rs. 7.82 crores. These disallowed claims prompted ACME Aklera Power Technology Private Limited, a wholly owned subsidiary of ACME Solar Holdings, to challenge the order through a formal appeal before the Appellate Tribunal for Electricity.
Appeal Admitted for Further Hearing
The key details of the regulatory development are summarised below:
| Parameter: | Details |
|---|---|
| Subsidiary Filing Appeal: | ACME Aklera Power Technology Private Limited |
| Nature of Disallowed Claims: | Basic Customs Duty and GST |
| Value of Disallowed Claims: | ~Rs. 7.82 crores |
| Original Order By: | Rajasthan Electricity Regulatory Commission |
| Original Order Date: | November 13, 2025 |
| Forum of Appeal: | Appellate Tribunal for Electricity |
| Tribunal Admission Order Date: | April 29, 2026 |
| Date of Receipt of Admission Order: | May 4, 2026 |
The Tribunal admitted the appeal for further hearing vide its order dated April 29, 2026, which was received by the company on May 4, 2026. This admission marks a continuation of the proceedings that were first intimated to the exchanges on November 14, 2025, following the original commission order.
Regulatory Disclosure
The disclosure was filed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with the SEBI Master Circular bearing reference no. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The company confirmed that the proceedings do not involve any key management personnel, promoters, or the ultimate person in control, and that no settlement has been reached. The filing was signed by Rajesh Sodhi, Company Secretary and Compliance Officer of ACME Solar Holdings Limited.
Historical Stock Returns for ACME Solar Holdings
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.09% | -4.43% | +7.59% | +7.93% | +33.30% | +16.73% |
If the Appellate Tribunal for Electricity rules in ACME Solar's favor, could this set a precedent for other renewable energy companies seeking recovery of Basic Customs Duty and GST disallowed by state electricity regulatory commissions?
How might a prolonged legal battle at the Appellate Tribunal for Electricity impact ACME Solar Holdings' project economics and cash flows for the Aklera power project?
Are there other subsidiaries of ACME Solar Holdings facing similar disallowances from state electricity regulatory commissions that could result in additional financial exposure?


































