Description

Indian Energy Exchange clarifies news article about APTEL hearing on its petition challenging CERC's market coupling order, confirms no undisclosed material information affecting stock price movement.

Summary

Indian Energy Exchange Limited (IEX) provided clarification to BSE regarding a news article published on Moneycontrol on January 09, 2026, about the company’s shares recovering 7% after CERC sought more time on withdrawal of coupling order. The company confirmed that the news relates to a hearing before the Appellate Tribunal for Electricity (APTEL) regarding IEX’s petition challenging CERC’s Suo-Motu Order dated July 23, 2025, on market coupling implementation. IEX stated it is not aware of any undisclosed information that could explain the stock price movement, which appears market-driven based on publicly available information.

Key Points

  • News article refers to APTEL hearing held on January 09, 2026, regarding IEX’s petition against CERC’s market coupling order
  • CERC issued a Corrigendum on January 08, 2026, to its Suo-Motu Order dated July 23, 2025, which was disclosed to stock exchanges on January 09, 2026
  • IEX confirmed no undisclosed material information exists that could explain stock price movement
  • Stock price movement appears market-driven based on publicly available information including the APTEL hearing
  • Matter is currently sub judice with no order passed by APTEL at this stage
  • IEX commits to timely disclosure of any material regulatory developments in compliance with SEBI Listing Regulations 2015

Regulatory Changes

No new regulatory changes announced. The circular relates to ongoing legal proceedings challenging an existing CERC order on market coupling implementation. A Corrigendum to CERC’s July 23, 2025 order was issued on January 08, 2026.

Compliance Requirements

  • Company to continue monitoring and disclosing material developments from APTEL proceedings as per SEBI Listing Regulations 2015
  • Timely, accurate and appropriate disclosures required for any material regulatory developments or orders arising from APTEL proceedings

Important Dates

  • July 23, 2025: CERC issued Suo-Motu Order on market coupling implementation
  • January 08, 2026: CERC issued Corrigendum to the July 23, 2025 order
  • January 09, 2026: APTEL hearing held; IEX provided clarification to BSE; Corrigendum disclosed to stock exchanges

Impact Assessment

Market Impact: The news article and APTEL hearing led to 7% recovery in IEX stock price from day’s low, indicating market sensitivity to developments in the market coupling litigation. The stock price movement appears driven by publicly available information about the legal proceedings.

Company Impact: IEX continues to challenge CERC’s market coupling order through legal channels. The outcome of APTEL proceedings could have significant implications for the company’s business operations and competitive position in the power exchange market.

Investor Impact: Investors should monitor ongoing APTEL proceedings as any final order could materially affect IEX’s business model and market position. Current price movements reflect market speculation on potential outcomes of the legal challenge.

Impact Justification

Clarification on regulatory proceedings affecting a single company with stock price implications, but matter is sub judice with no final order yet