RERC allows Change in Law compensation of ~₹47.40 crore to Acme Aklera
RERC allows Change in Law compensation of ~₹47.40 crore to Acme Aklera, a wholly-owned subsidiary of Acme Solar. The compensation relates to GST and BCD on solar modules.
The compensation amount of ₹47.40 crore is significant and will positively impact the company's financials. However, the disallowance of certain claims and the company's intention to appeal introduce some uncertainty.
The announcement details a favorable order from RERC granting compensation to the company's subsidiary.
* ACME Aklera Power Technology Private Limited, a wholly-owned subsidiary, filed a petition with the Rajasthan Electricity Regulatory Commission (RERC) seeking compensation for Change in Law events. * The events arose from an increase in GST and the imposition of Basic Customs Duty (BCD) on solar modules and cells. * RERC, vide its final Order dated November 13, 2025, has allowed Change in Law compensation of approximately ₹39.92 crore, including ₹30.98 crore towards BCD and ₹8.94 crore towards GST. * RERC has further allowed carrying cost from date of incur up to the date of order which is approximately ₹7.50 crore. Thus, the total amount allowed to the company is approximately ₹47.40 crore. * The admitted Change in Law amount is payable through an annuity mechanism at a 9% discount rate over 15 years or the balance PPA term, whichever is less, with monthly annuity payments commencing from the 60th day from the Order or submission of claims, whichever is later. * RERC disallowed certain claims of BCD and GST amounting to approximately ₹7.82 crore, against which the company intends to file an appeal before the Appellate Tribunal for Electricity.
What to do with a filing like this
Acme Solar Holdings Limited filed this with the NSE as a statutory disclosure, categorised under litigation updates. 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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See the model portfoliosA plain-language summary of a public exchange filing by Acme Solar Holdings Limited. Read the original for the full detail.