IEX Clarifies CERC Order, Denies Awareness of Non-Disclosed Information
Indian Energy Exchange Limited (IEX) clarified a news item regarding CERC's market coupling order. The company stated that the APTEL hearing on January 9, 2026, is a public legal proceeding and denied awareness of any undisclosed information impacting its stock. CERC issued a corrigendum on January 8, 2026, clarifying its July 23, 2025 order as 'Directions'.
The clarification addresses market speculation and potential impact on IEX's stock due to the ongoing regulatory proceedings concerning market coupling. While the matter is sub judice, the clarification provides transparency to investors about the company's awareness of information and the nature of the regulatory update.
The announcement is a clarification of a news item and provides factual information about a regulatory proceeding. It denies awareness of undisclosed material information, which is neutral. The CERC corrigendum is a procedural clarification.
Indian Energy Exchange Limited (IEX) has issued a clarification regarding a news item published on moneycontrol.com on January 9, 2026, captioned “IEX shares recover 7% from day’s low as CERC seeks more time on withdrawal of coupling order”. The news item referred to proceedings before the Appellate Tribunal for Electricity (APTEL) concerning IEX's challenge to a Suo-Motu Order dated July 23, 2025, issued by the Central Electricity Regulatory Commission (CERC) regarding market coupling implementation.
IEX clarified that the APTEL hearing on January 9, 2026, is a public legal proceeding and not a negotiation. The company stated it is not aware of any undisclosed information or events that could explain any trading movement, attributing any such movement to market-driven factors based on publicly available information, including the APTEL hearing.
Furthermore, on January 8, 2026, the CERC issued a Corrigendum to its July 23, 2025, Suo-Motu Order. This Corrigendum clarifies that the term "Order" in the publication dated July 23, 2025, and any subsequent references to it as "order" within Petition No. 8/SM/2025 or related publications, should be read as "Directions". The company has provided this update along with the Corrigendum to the stock exchanges as per SEBI Listing Regulations.
The company emphasized that the matter is sub judice before APTEL, and no order has been passed concerning the proceedings mentioned in the news article at this stage. IEX reiterated its commitment to timely and accurate disclosures of any material regulatory developments.
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