Acme Solar Holdings Limited — Others, 28-02-2025: Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

CME Solar Holdings Limited has disclosed the pendency of material litigations involving several of its subsidiaries against the Southern Power Distribution Company of Andhra Pradesh and other entities, regarding alleged non-compliance with a prior regulatory order. The petitioners are seeking approximately Rs. 40 crores due to late payment surcharges related to 10 MW capacity. This situation may present financial risks if liabilities arise, but it could also indicate a proactive management strategy aimed at ensuring compliance and safeguarding revenue. Investor sentiment may lean cautious, considering the potential financial impact and operational disruptions from ongoing disputes.