Ambika Cotton Mills Limited has received a significant demand notice of Rs 18,007,822 from the Superintendent Engineer, Dindigul, following a Madras High Court order. The textile company disclosed this development through a regulatory filing dated March 6, 2026, under Regulation 30 of SEBI (LODR) Regulations, 2015.

Court Order and Demand Details

The demand notice, dated March 4, 2026, and received on March 5, 2026, stems from a common order dated December 12, 2025, passed by the Hon'ble Division Bench of Madras High Court in WA Nos.947 of 2019. The order pertains to the balance 50% of deemed demand charges that must be paid by March 12, 2026.

Supreme Court Appeal Status

The company has sought relief through the Tamil Nadu Spinning Mills Association, of which it is a member. A Special Leave Petition (SLP) has been filed before the Hon'ble Supreme Court, which is scheduled for hearing on March 9, 2026, as item number 57. Additionally, the Tamil Nadu Electricity Consumer Association's matter is listed as item number 55 for the same date.

Regulatory Compliance and Impact Assessment

In compliance with SEBI regulations, the company has provided detailed disclosures regarding the demand notice. The regulatory filing includes comprehensive information as required under SEBI Circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Financial Impact Statement

The company has clarified that there is no material impact on its financial, operational, or other activities despite the substantial demand amount. The management emphasized that the matter will be dealt with in accordance with the orders of the Hon'ble Supreme Court, indicating their confidence in the legal proceedings.

The outcome of the Supreme Court hearing on March 9, 2026, will be crucial in determining the company's next course of action regarding this demand notice. The company continues to operate normally while awaiting the judicial decision on this matter.

Ambika Cotton Mills Limited has announced the opening of a special window for transfer and dematerialization of physical securities, providing investors with a one-year opportunity to resolve pending transfer issues. The initiative follows regulatory guidelines and aims to assist investors who encountered difficulties with securities transactions prior to April 01, 2019.

Special Window Details

The special window has been established pursuant to SEBI Circular No. HO/38/13/11(2)2026-MIRSD-POD/I/3750/2026 dated January 30, 2026. The facility will remain operational for a period of one year, providing investors with adequate time to complete necessary procedures.

Eligible Securities and Conditions

The special window covers physical securities that were sold or purchased prior to April 01, 2019 and faced processing issues. Eligible cases include securities that were rejected, returned, or not attended due to deficiency in documents or processes. Additionally, the facility covers instances where transfer deeds could not be lodged for transfer before April 01, 2019.

Investors affected by these circumstances may now lodge or re-lodge their transfer deeds along with necessary supporting documents. All submissions must be complete and in accordance with the specifications outlined in the SEBI circular.

Registrar and Transfer Agent Information

Ambika Cotton Mills Limited has designated MUFG Intime India Pvt. Limited as the Registrar and Transfer Agent to handle the special window process. Investors can contact the RTA directly for assistance and document submission.

Additional Information and Resources

The company has made this intimation available on its official website at www.acmills.in for easy access by investors. Additionally, the complete SEBI circular can be accessed through the official SEBI website, providing detailed guidelines and procedures for the special window facility.

Investors are encouraged to review the SEBI circular thoroughly and ensure all required documentation is complete before approaching the Registrar and Transfer Agent. The special window represents a significant opportunity for affected investors to resolve long-standing transfer and dematerialization issues with their physical securities.