ACME Solar Holdings' Subsidiary Gets Appeal Admitted Before Appellate Tribunal for Electricity Over Disallowed Claims of ~Rs. 7.82 Crores

1 min read     Updated on 05 May 2026, 01:16 AM
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AI Summary

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 Day5 Days1 Month6 Months1 Year5 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?

ACME Solar Holdings Limited Schedules Earnings Call for Q4FY26 Results on May 08, 2026

1 min read     Updated on 29 Apr 2026, 12:35 AM
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AI Summary

ACME Solar Holdings Limited has scheduled an earnings call for Friday, May 08, 2026 at 11:30 AM IST to discuss Q4 and FY26 financial results. Senior management will interact with analysts and institutional investors during the call. The company has provided universal dial-in numbers and international toll-free options for multiple countries, with pre-registration available to avoid wait times. Contact details for both the company's investor relations team and MUFG Intime India Private Limited representatives have been shared for participant assistance.

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ACME Solar Holdings Limited has announced the schedule for its earnings call to discuss Q4 and FY26 financial results. The company issued a formal intimation to stock exchanges under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Earnings Call Schedule

The earnings call has been scheduled with the following details:

Parameter: Details
Date: Friday, May 08, 2026
Time: 11:30 AM IST
Participants: Senior Management
Audience: Analysts and Institutional Investors
Purpose: Discussion of Q4 and FY26 results

Conference Access Information

The company has provided comprehensive dial-in options for participants to join the earnings call:

Universal Dial-in Numbers

  • +91 22 6280 1488
  • +91 22 7115 8869

International Toll-Free Numbers

Country: Number
USA: 18667462133
UK: 08081011573
Singapore: 8001012045
Hong Kong: 800964448
Australia: 0080014243444

Registration and Contact Details

The company has encouraged participants to pre-register to avoid wait times through their Diamond Pass registration system. For any queries or assistance, participants can contact:

ACME Solar Holdings Limited:

MUFG Intime India Private Limited:

Regulatory Compliance

The earnings call intimation was filed pursuant to Regulation 30 read with Para A of Part A of Schedule III of the Listing Regulations. The notification was signed by Rajesh Sodhi, Company Secretary and Compliance Officer, and submitted to both BSE Limited and National Stock Exchange of India Limited. The company has also hosted the call details on its official website at www.acmesolar.in for broader accessibility to stakeholders.

Historical Stock Returns for ACME Solar Holdings

1 Day5 Days1 Month6 Months1 Year5 Years
-1.09%-4.43%+7.59%+7.93%+33.30%+16.73%

What key performance metrics and growth targets is ACME Solar likely to announce for FY27 given the renewable energy sector's expansion?

How might ACME Solar's Q4 results influence investor sentiment toward other solar companies in the Indian renewable energy market?

Will ACME Solar announce any new project acquisitions or capacity expansion plans during the earnings call?

More News on ACME Solar Holdings

1 Year Returns:+33.30%