Ambika Cotton Mills Receives Demand Notice of ₹1.80 Crore; SLP Hearing on March 9
Ambika Cotton Mills received a demand notice for ₹1.80 crore towards balance deemed demand charges and interest. The payment is due by March 12, 2026. A related SLP hearing is scheduled for March 9, 2026, at the Supreme Court, which will determine the final course of action. The company anticipates no material impact.
The demand notice is for a significant amount of ₹1.80 crore. While the company claims no material impact, the outcome of the Supreme Court hearing could potentially affect the company's financials or operations. The short timeline for payment and the upcoming hearing make the impact medium.
The company received a demand notice, which is a negative development. However, the pending Supreme Court hearing on March 9, 2026, introduces uncertainty, and the company has stated there will be no material impact, balancing the negative aspect.
Ambika Cotton Mills Limited has received a demand notice from the Superintending Engineer, Dindigul, for the balance 50% of deemed demand charges, including interest, totaling ₹1,80,07,822. This demand, raised via a letter dated March 4, 2026, and received on March 5, 2026, is pursuant to an order passed by the Hon'ble Division Bench of the Madras High Court on December 12, 2025, in WA Nos. 947 of 2019.
The company is required to pay the amount by March 12, 2026. However, the Special Leave Petition (SLP) filed by the Tamilnadu Spinning Mills Association, of which Ambika Cotton Mills is a member, and the Tamil Nadu Electricity Consumer Association, is scheduled for hearing on March 9, 2026, as item numbers 57 and 55 respectively. The company stated that the matter will be dealt with in accordance with the orders of the Hon'ble Supreme Court.
The company has indicated that there is no material impact on its financial, operational, or other activities.
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Ambika Cotton Mills Limited filed this with the NSE as a statutory disclosure, categorised under other regulatory filings. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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