NewsACME Solar Holdings' Subsidiary Gets Appeal Admitted Before Appellate Tribunal for Electricity Over Disallowed Claims of ~Rs. 7.82 CroresACME 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, has had its appeal admitted before the Appellate Tribunal for Electricity. The appeal challenges disallowed claims of Basic Customs Duty and GST of ~Rs. 7.82 crores arising from a Rajasthan Electricity Regulatory Commission order dated November 13, 2025. The Tribunal admitted the appeal vide its order dated April 29, 2026, received on May 4, 2026, with no key management personnel or promoters involved in the proceedings.
*this image is generated using AI for illustrative purposes only.
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 |
|---|---|---|---|---|---|
| +0.72% | +9.85% | -0.84% | +27.82% | +22.56% | +19.59% |
If the Appellate Tribunal for Electricity rules in favor of ACME Aklera, how might the recovery of Rs. 7.82 crores in customs duty and GST claims impact ACME Solar Holdings' project-level economics and future tariff structures?
Could a favorable tribunal ruling set a broader precedent for other solar developers in Rajasthan seeking similar customs duty and GST claim recoveries from state electricity regulatory commissions?
How might prolonged regulatory litigation over duty disallowances affect ACME Solar Holdings' ability to attract project financing or negotiate power purchase agreements for future Rajasthan-based projects?
17
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
